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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Zegona Communications Plc | LSE:ZEG | London | Ordinary Share | GB00BVGBY890 | ORD �0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-10.00 | -4.20% | 228.00 | 222.00 | 230.00 | 228.00 | 228.00 | 228.00 | 4,786 | 11:25:28 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | 0 | -3.31M | -0.5367 | -4.43 | 14.69M |
TIDMZEG
RNS Number : 1205T
Zegona Communications PLC
09 October 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN ANY JURISDICTION WHERE TO DO SO WOULD VIOLATE ANY APPLICABLE LAW
ZEGONA COMMUNICATIONS PLC
Zegona COMPLETES TENDER OFFER AND DECLARES INTERIM DIVIDEND
London, England, 9 October 2017 - Zegona Communications PLC ("Zegona" or the "Company") declares its 2017 interim dividend of 3.9 pence per share following completion of its Tender Offer
Zegona, the LSE Main Market company established to acquire and operate businesses in the European Telecommunications, Media and Technology ("TMT'") sector, is pleased to declare its interim dividend for the full year to 31 December 2017.
On 3 April 2017, Zegona's Board of Directors approved a policy to pay a dividend of 5.0 pence per share for the full year period to 31 December 2017, equivalent to a total dividend of GBP9.8 million (with the intention to pay two equal instalments of GBP4.9 million).
Following completion of the tender offer today, whereby the Company repurchased 69,825,511 shares at GBP2.00 per share (the "Tender Offer"), the Company's issued share capital now consists of 126,219,449 ordinary shares. The Company has reconfirmed that it intends to pay a total dividend of GBP9.8 million in 2017, and adjust the dividend per share amount in line with this new number of shares. Specifically, the Board of Directors has approved a policy to pay a dividend of 7.8 pence per share for the full year period to 31 December 2017, equivalent to a total dividend of GBP9.8 million (with the intention to pay the total amount in two equal instalments of GBP4.9 million). To this end, the Board of Directors has declared an interim dividend of 3.9 pence per ordinary share to be paid on 10 November 2017.
The payment of the dividend to eligible holders of shares is expected to be effected through CREST or by BACS/cheque (in the case of shares held in certificated form).
Expected timetable for November dividend: Ex-dividend 19 October date 2017 Record date 20 October 2017 Payment of the 10 November dividend 2017
Completion of PDMR Dealing
The following Persons Discharging Managerial Responsibilities ("PDMRs") have today completed the following sales of ordinary shares in the Tender Offer (which they had given irrevocable undertakings to tender as announced by the Company on 3 October 2017):
Person Number of Total percentage ordinary of ordinary shares sold shares held in the Tender following Offer completion of the Tender Offer (rounded)(1) ----------------------- --------------- -------------------- Eamonn O' Hare 758,351 1.082 ----------------------- --------------- -------------------- Robert Samuelson 286,006 0.408 ----------------------- --------------- -------------------- Howard Kalika 98,316 0.140 ----------------------- --------------- -------------------- Murray Scott 17,853 0.025 ----------------------- --------------- -------------------- Ashley Martin 5,665 0.008 ----------------------- --------------- -------------------- Richard Williams 4,491 0.006 ----------------------- --------------- -------------------- Dean Checkley 2,280 0.003 ----------------------- --------------- -------------------- Mark Brangstrup Watts and Louisa Bonney 18,070,343 25.779 ----------------------- --------------- --------------------
(1) Based on the 126,219,449 ordinary shares which are in issue following completion of the Tender Offer and cancellation of the ordinary shares tendered.
The above sales of ordinary shares by Mark Brangstrup Watts and Louisa Bonney relate to ordinary shares held by Marwyn Asset Management Limited, of which Mr Brangstrup Watts and Mrs Bonney are directors, in its capacity as agent for and on behalf of its discretionary managed clients.
Total Voting Rights
In accordance with the Financial Conduct Authority's ("FCA") Disclosure Guidance and Transparency Rule 5.6.1R, the Company notifies the market that, as of 9 October 2017 (following completion of the Tender Offer and the cancellation of the ordinary shares tendered), the Company's issued share capital consists of 126,219,449 ordinary shares with voting rights.
There are no ordinary shares held in treasury.
The above number of shares, 126,219,449, may be used by shareholders (and others with notification obligations) as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Enquiries
Tavistock (Public Relations adviser)
Tel: +44 (0)20 7920 3150
Jos Simson - jos.simson@tavistock.co.uk
Lulu Bridges - lulu.bridges@tavistock.co.uk
This announcement contains inside information.
About Zegona
Zegona was established with the objective of acquiring businesses in the European Telecommunications, Media and Technology ("TMT") sector with a "Buy-Fix-Sell" strategy to deliver attractive shareholder returns. Zegona is listed on the London Stock Exchange's Main Market and is led by former Virgin Media executives, Eamonn O'Hare and Robert Samuelson.
Zegona acquired Telecable, the leading quad play cable telecommunications operator in the Asturias region of Spain in August 2015. The sale of Telecable to Euskaltel was completed on 26 July 2017.
The person responsible for arranging for the release of this announcement on behalf of Zegona is Dean Checkley, Chief Financial Officer, whose business address is 20 Buckingham Street, London, WC2N 6EF.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCQKLFBDBFFFBX
(END) Dow Jones Newswires
October 09, 2017 12:30 ET (16:30 GMT)
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