REG - Zegona Comms. - Conditions to Acquisition Satisfied

Zegona CommunicationsAnnouncement

14/05/2024 15:45

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RNS Number : 4166O  Zegona Communications PLC  14 May 2024

 

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14 May 2024

 

Zegona Communications Plc ("Zegona")

 

Conditions to Acquisition Satisfied

 

Further to the announcement on 31 October 2023 in relation to Zegona's
acquisition of 100% of Vodafone Holdings Europe, S.L.U. ("Vodafone Spain") for
€5.0 billion (the "Acquisition"), Zegona is pleased to announce that it has
received the approval of the Council of Ministers (Consejo de Ministros) of
the Spanish Government in respect of foreign direct investment into Spain.
Accordingly, all of the conditions to the Acquisition have been satisfied.
Completion of the Acquisition ("Completion") is therefore scheduled to take
place on 31 May 2024, being the last day of the month in which the conditions
were satisfied.

 

The Acquisition is classified as a reverse takeover under the Listing Rules of
the FCA and therefore, Zegona has applied for the 704,149,410 Zegona Shares to
be re-admitted to the standard listing segment of the FCA's Official List and
to trading on the LSE's Main Market ("Re-admission"). Subject to the approval
from each the FCA and LSE, Re-admission is expected to become effective, and
dealings in the Zegona Shares are expected to commence, at 8.00 a.m. on 3 June
2024 (the trading day following Completion).

 

Enquiries:

 Tavistock (UK Public Relations adviser)  LLYC (Spain Public Relations adviser)

 Lulu Bridges                             Guillermo Segura

 lulu.bridges@tavistock.co.uk             gsegura@llorenteycuenca.com

 Tel:  07831 170 364

 Jos Simson

 jos.simson@tavistock.co.uk

 

 

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