leadf
logo-loader
RNS
viewZegona Communications

Zegona Comm PLC - ZEGONA SHARE BUYBACK PROGRAMME – PROGRESS UPDATE

RNS Number : 5661V
Zegona Communications PLC
10 August 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

10 August 2020

 

ZEGONA SHARE BUYBACK PROGRAMME - PROGRESS UPDATE

 

On 24 June 2020 Zegona announced a Buyback1 programme of its Ordinary Shares2 for an aggregate purchase price of up to £10 million. Zegona's Board has set a Buyback Policy3 that allows shares to be acquired at prices up to the Underlying Asset Value Per Share4.

As part of this programme, Barclays Bank plc, on behalf of Zegona, has purchased the following number of Ordinary Shares:

 

Date of purchase:

07 August 2020

Number of shares purchased:

21,000

Volume weighted average price paid per share:

£1.130000

Lowest price paid per share:

£1.130000

Highest price paid per share:

£1.130000

 

Zegona intends to cancel these shares.

 

Detailed information about the individual purchases is available below.

 

As at 7 August, Zegona had purchased an aggregate of 2,937,101 shares for a total of £3,035,107 and cancelled 2,896,101 meaning the total number of voting rights in Zegona is 219,039,076, each carrying one vote per share.

 

ENQUIRIES

 

Tavistock (Public Relations adviser)

Tel: +44 (0)20 7920 3150

Lulu Bridges - [email protected] 

Jos Simson[email protected]

 

Trade details:

 

Purchase date

Purchase time

Volume

Price

Platform

Transaction reference number

 07 August 2020

 10:42

 21,000

 £1.130000

XLON

 qu53gcn41ekl

 

1.     The "Buyback" is Zegona's on-market share buyback programme for an aggregate purchase price of up to £10 million, announced on 24 June 2020

2.     Ordinary shares of £0.01 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 24 June 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 €/£ FX rate on that day) and net cash balance divided by the number of Zegona Ordinary Shares in issue

5.     These figures should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interests, or a change to their interest, in Zegona under the FCA's Disclosure Guidance and Transparency Rules.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
POSSSSFMAESSELA

Quick facts: Zegona Communications

Price: -

Market: LSE
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

3 min read