ZEGONA RESPONDS TO RECENT PRESS SPECULATION

RNS Number : 6076S

Zegona Communications PLC

18 March 2016

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, OR INTO OR FROM CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR AUSTRALIA.

For release 18 March 2016

Zegona Communications plc

ZeGONA RESPONDS TO RECENT PRESS SPECULATION

The Board of Zegona Communications plc ("Zegona" or the "Company") notes the recent press speculation concerning a possible acquisition of Yoigo, the Spanish mobile telecommunications business.  Zegona can confirm it has entered into an exclusivity agreement with TeliaSonera, the parent company of Yoigo in relation to Yoigo's acquisition. Various stakeholders would also need to be involved in any transaction and the Company has no agreement, even in principle with them.  The current negotiations may not result in the execution of binding acquisition agreements.

On the basis of the terms currently under discussion, the consideration for the acquisition may cause the transaction to be classified as a reverse takeover under the FCA Listing Rules and therefore the Company has requested the temporary suspension of trading in its Ordinary Shares.

For further information, please contact:

Enquiries

Tavistock (Public Relations adviser)

Tel: [phone]

Matt Ridsdale - [e-mail]

Lulu Bridges - [e-mail]

Mike Bartlett - [e-mail]

This announcement, and the information contained therein, is not for viewing, release, distribution or publication, directly or indirectly, in or into the United States, Canada, Australia, the Republic of South Africa, Japan, or any other jurisdiction where applicable laws prohibit its release, distribution or publication, and will not be made available to any national, resident or citizen of the United States, Canada, Australia, the Republic of South Africa, or Japan. The distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this document comes must inform themselves about, and observe, any such restrictions. Any failure to comply with the restrictions may constitute a violation of the federal securities law of the United States and the laws of other jurisdictions.

 

END

 

 

MSCGGUPGWUPQGWR