Zegona Communications PLC ZEGONA SHARE BUYBACK PROGRAMME -- PROGRESS UPDATE (6358H)
26 March 2020 - 6:00PM
UK Regulatory
TIDMZEG
RNS Number : 6358H
Zegona Communications PLC
26 March 2020
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 SPAIN) OR
ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION, PUBLICATION OR
RELEASE WOULD BE UNLAWFUL.
ZEGONA COMMUNICATIONS PLC ("Zegona")
LEI: 213800ASI1VZL2ED4S65
26 MARCH 2020
ZEGONA SHARE BUYBACK PROGRAMME - PROGRESS UPDATE
On 7 January Zegona announced a Buyback(1) programme of its
Ordinary Shares(2) for an aggregate purchase price of up to GBP10
million. Zegona's Board has set a Buyback Policy(3) that allows
shares to be acquired at prices up to the Underlying Asset Value
Per Share(4) .
As part of this programme, Barclays Bank plc, on behalf of
Zegona, has purchased the following number of Ordinary Shares:
Date of purchase: 25 March 2020
Number of shares purchased: 207,383
Volume weighted average price paid per GBP0.800000
share:
Lowest price paid per share: GBP0.800000
Highest price paid per share: GBP0.800000
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:
Transaction reference
Purchase date Purchase time Volume Price Platform number
--------------- ------------- -------- ------------ --------- ---------------------
25 March 2020 14:29 207,383 GBP0.800000 XLON qu52de200u11
1. The "Buyback" is Zegona's on-market share buyback programme
for an aggregate purchase price of up to GBP10 million, announced
on 7 January 2020
2. Ordinary shares of GBP0.01 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 EUR/GBP FX rate on that
day) and net cash balance divided by the number of Zegona Ordinary
Shares in issue
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Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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