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10 Jan 2020 07:00
NOT FOR DISTRIBUTION, PUBLICATION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM AND SPAIN) OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION, PUBLICATION OR RELEASE WOULD BE UNLAWFUL.
ZEGONA COMMUNICATIONS PLC ("Zegona")
LEI: 213800ASI1VZL2ED4S65
10 JanUARY 2020
ZEGONA SHARE BUYBACK PROGRAMME - PROGRESS UPDATE
On 7 January Zegona announced a Buyback1 programme of its Ordinary Shares2 for an aggregate purchase price of up to £10 million. Zegona's Board has set a Buyback Policy3 that allows shares to be acquired at prices up to the Underlying Asset Value Per Share4.
As part of this programme, Barclays Bank plc, on behalf of Zegona, has purchased the following number of Ordinary Shares:
Date of purchase: | 9 January 2020 |
Number of shares purchased: | 50,000 |
Volume weighted average price paid per share: | £1.150000 |
Lowest price paid per share: | £1.150000 |
Highest price paid per share: | £1.150000 |
Zegona intends to cancel these shares.
Detailed information about the individual purchases is available below.
ENQUIRIES
Tavistock (Public Relations adviser)
Tel: +44 (0)20 7920 3150
Lulu Bridges - lulu.bridges@tavistock.co.uk
Jos Simson - jos.simson@tavistock.co.uk
Trade details:
Purchase date | Purchase time | Volume | Price | Platform | Transaction reference number |
9 January 2020 | 14:00 | 20,000 | £1.150000 | XLON | 592085533173087764 |
9 January 2020 | 14:00 | 10,000 | £1.150000 | XLON | 592085533173087765 |
9 January 2020 | 14:00 | 10,000 | £1.150000 | XLON | 592085533173087766 |
9 January 2020 | 14:00 | 10,000 | £1.150000 | XLON | 592085533173087767 |
1. The "Buyback" is Zegona's on-market share buyback programme for an aggregate purchase price of up to £10 million, announced on 7 January 2020
2. Ordinary shares of £0.01 each in the capital of Zegona ("Ordinary Shares")
3. Zegona's "Buyback Policy" is that shares may be acquired at prices up to the Underlying Asset Value per Share on the day of purchase, subject also to normal market practice as regards buyback pricing, as set out in the Important Notices section of Zegona's buyback programme announcement dated 7 January 2020
4. The "Underlying Asset Value per Share" is defined for any day as the value in pounds sterling on the previous trading day of Zegona's investment in Euskaltel (using the €/£ FX rate on that day) and net cash balance divided by the number of Zegona Ordinary Shares in issue
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