Director/PDMR Shareholding

RNS Number : 4700G

Zegona Communications PLC

08 August 2016

 

8 August 2016

Zegona Communications plc ("Zegona" or the "Company")

Share dealings by Persons Discharging Managerial Responsibility ("PDMRs") and interim results notification

Zegona Communications plc, LSE: ZEG announces that it was notified on 5 August 2016 by the below detailed PDMRs of the following purchases of the Company's Ordinary Shares on 5 August 2016;

PDMR	Number of Ordinary Shares purchased	Purchase price (Pence per share)	Total percentage holding of Ordinary Shares (rounded)
Eamonn O'Hare Chief Executive Officer	185,001	109.00	1.00%
Robert Samuelson Executive Director and Chief Operating Officer	9,000	110.44	0.40%
Murray Scott Non-Executive Director	20,000	110.00	0.01%
Howard Kalika Chief Financial Officer	5,000	110.50	0.13%

Over the period 6 July 2016 through 5 August 2016, members of Zegona's senior management team, including Eamonn O'Hare, Chairman and Chief Executive of Zegona, purchased an additional 519,852 shares in Zegona.

Commenting on the share purchases, Eamonn O'Hare said: "The Zegona senior management team has increased its shareholding in Zegona reflecting our confidence in the business.  Telecable is well-positioned in the strengthening Spanish communications market and generates significant cash flows, which are reflected in our attractive 4.5p annual dividend policy and the potential for further shareholder distributions. 

It is also pleasing to see that Marwyn and Invesco, our two largest shareholders, have increased their ownership positions* in recent weeks.   We believe this underlines the support the business enjoys from its major investors and their confidence in management's ability to deliver value across the European TMT sector through Zegona's Buy-Fix-Sell strategy."

In accordance with the requirements of Market Abuse Regulation (EU) No 596/2014, the Company has now entered a Closed Period ahead of the release of its interim financial results on 7 September 2016.

*    Funds managed by Marwyn Asset Management Limited increased their shareholding from 23.8% to 25.8% on 2 August 2016.  Invesco Limited increased its shareholding from 12.9% to 13.9% on 29 June 2016

Company enquiries:

Louisa Bonney / Anita Weaver

Axio Capital Solutions Limited as Company Secretary

Telephone: [phone]

PR enquiries:

Matt Ridsdale / Lulu Bridges / Mike Bartlett

Tavistock (Public Relations Adviser)

Telephone:  [phone]

 

END

 

 

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