Zegona Communications PLC Vodafone Spanish business potential acquisition (3662N)
September 22 2023 - 2:56AM
UK Regulatory
TIDMZEG
RNS Number : 3662N
Zegona Communications PLC
22 September 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF THAT JURISDICTION. THIS ANNOUNCEMENT DOES NOT
CONSTITUTE A TAKEOVER OFFER OR AN OFFER OF SECURITIES. NO OFFER OR
SALE OF SECURITIES MAY OCCUR IN THE UNITED STATES UNLESS THE
TRANSACTION HAS BEEN REGISTERED UNDER THE US SECURITIES ACT OF 1933
OR IS EXEMPT FROM REGISTRATION THEREUNDER.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION for the purposes
of Article 7 of the UK version of the Market Abuse Regulation (EU
596/2014) which is part of UK law by virtue of the European Union
(Withdrawal) Act 2018 .
Zegona Communications plc ("Zegona" or the "Company")
Statement re potential acquisition of Vodafone Group plc's
Spanish business
The Company notes the press speculation regarding the potential
acquisition of Vodafone Group plc's Spanish business (the
"Potential Acquisition").
The Company confirms that it is in discussions with Vodafone
Group plc ("Vodafone") in connection with the Potential
Acquisition, and with banks in relation to its financing, but the
Potential Acquisition remains subject to, amongst other things,
agreement on final terms with Vodafone, completion of its due
diligence exercise and formalisation of the funding arrangements.
Therefore, there is no certainty that the Potential Acquisition
will proceed, nor as to the final terms of any such Potential
Acquisition.
Suspension of Listing
Should the Potential Acquisition complete, it would constitute a
reverse takeover under the Listing Rules and accordingly the
Company would need to apply for the re-admission of its shares to
the Official List and the Main Market of the London Stock Exchange
on the basis that the FCA approves the eligibility of the group, as
enlarged by the Potential Acquisition as a result of the reverse
takeover, in accordance with Listing Rule 5.6.21.
Therefore, at the request of the Company, the FCA has suspended
the Company's listing on the standard segment of the Official List
as of 8.00 a.m. today. Trading on the Main Market of the London
Stock Exchange has also been suspended as of 8.00 a.m. today.
A further announcement will be made as and when appropriate.
Enquiries:
Zegona Communications plc Tel: +44 (0)20 3004 2017
Kim Lowe: kim@zegona.com
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.
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 rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
STRLTMRTMTATMIJ
(END) Dow Jones Newswires
September 22, 2023 03:56 ET (07:56 GMT)
Zegona Communications (LSE:ZEG)
Historical Stock Chart
From Apr 2024 to May 2024
Zegona Communications (LSE:ZEG)
Historical Stock Chart
From May 2023 to May 2024