Zegona Communications PLC Dividend Declaration (0069X)
February 16 2017 - 2:00AM
UK Regulatory
TIDMZEG
RNS Number : 0069X
Zegona Communications PLC
16 February 2017
ZEGONA COMMUNICATIONS PLC ("Zegona")
Zegona declares March 2017 dividend
16 February 2017
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 a second interim
dividend for the full year to 31 December 2016.
On 4 March 2016, Zegona's Board of Directors approved a policy
to pay a dividend of 4.5 pence per Ordinary Share for the full year
period to 31 December 2016. Following the interim dividend of 2.25p
per Ordinary Share paid in October 2016, the Company is pleased to
announce that the Board of Directors has declared a further interim
dividend, in lieu of a final dividend, of 2.25p per Ordinary Share
to be paid on 17 March 2017. This dividend brings the total
dividend payments for 2016 to 4.5 pence per Ordinary Share, in line
with Zegona's stated dividend policy and previous guidance. It is
Zegona's intention to grow the annual dividend on a progressive
basis.
The payment of the dividend to eligible holders of Ordinary
Shares is expected to be effected through CREST or by BACS/cheque
(in the case of Ordinary Shares held in certificated form) on 17
March 2017.
Expected Timetable for March Dividend:
Ex-date 23 February 2017
Record date 24 February 2017
Payment of the Dividend 17 March 2017
It is proposed that the payment of the dividend will be ratified
by shareholders at Zegona's upcoming annual general meeting.
- ends -
For further information:
Matt Ridsdale / Lulu Bridges / Mike Bartlett
Tavistock
Tel: 020 7920 3150
Notes to Editors:
About Zegona
Zegona was established with the objective of acquiring
businesses in the European 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's first acquisition was the EUR640 million purchase of
Telecable, the leading quadplay cable telecommunications operator
in the Asturias region of Spain, which completed in August 2015.
Zegona believes Telecable represents a compelling investment
because of its market leading position in Asturias and strong cash
generation, coupled with attractive dynamics in the Spanish
telecommunications market and Spanish economy.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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