TIDMZEG

RNS Number : 8855M

Zegona Communications PLC

14 May 2020

NOT FOR DISTRIBUTION, PUBLICATION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR TO ANY US PERSON, 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

14 MAY 2020

ZEGONA ANNOUNCES CHANGES TO DELIVER A MORE INDEPENDENT BOARD

Zegona is reshaping its Board and Committees to create a more independent structure in line with good corporate governance.

 
 --   Zegona has recently appointed two new independent Non-Executive 
       Directors, Kjersti Wiklund and Suzi Williams, with very 
       strong industry and governance credentials. Two directors 
       are also stepping down from the Board, Murray Scott and 
       Mark Brangstrup Watts. This leaves Zegona with a more 
       effective and efficient board structure with two Executive 
       Directors and four fully independent Non-Executives. 
 --   Suzi Williams will become the chair of the Nomination 
       and Remuneration Committee at the next AGM on 9(th) June 
       2020. In addition, Zegona intends to appoint one of its 
       Non-Executives as a Senior Independent Director and expects 
       to announce the appointment after its AGM. 
 --   With these changes, all non-executive directors and all 
       Board committees are fully independent. Zegona believes 
       this is the right board structure to support its future 
       development.

Eamonn O'Hare, Zegona's Chairman and CEO, commented: "Zegona is committed to delivering a high standard of corporate governance and I am delighted that our governance structure is continuing to develop alongside our operations. We are already benefitting from Suzi and Kjersti's wealth of industry knowledge and governance experience. Mark and Murray have served on the board for around five years and in this time have made hugely valuable contributions to the establishment and development of Zegona. We greatly appreciate the assistance they have provided to both the business and the management team and look forward to continuing to work with Mark in his role as a shareholder. "

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

About Zegona

Zegona was established in 2015 with the objective of investing in businesses in the European Telecommunications, Media and Technology sector and improving their performance to deliver attractive shareholder returns. Zegona is led by former Virgin Media executives Eamonn O'Hare and Robert Samuelson.

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