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
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