Board Update - Director Changes

RNS Number : 2663E

Helios Towers PLC

10 March 2022

 

Helios Towers plc

Board Update - Director Changes

Helios Towers plc (the "Company") today announces that with effect from 9 March 2022, David Wassong has resigned as a non-executive director of the Company and has been replaced by Helis Zulijani-Boye, a Managing Director of Newlight Partners LP with over 15 years' experience in the private equity and investment banking industries.

These changes are made pursuant to the Shareholders Agreement entered into by the Company and Newlight, along with other pre-IPO investors in the Company, under which Newlight is entitled to appoint (and replace) a shareholder representative as a director of the Company for such time as it continues to hold more than 10% of the voting rights of the Company.

Commenting on the changes to the Board, Sir Sam Jonah, Chairman of Helios Towers plc said today:

"On behalf of the Board, I would like to express my thanks to David for his contribution to the success of the business. David has been a director since the creation of Helios Towers in 2010, during which time the Company has grown significantly and listed on the London Stock Exchange. We recognise the part that David played in building the business. At the same time, we are delighted to welcome Helis to the Board. She brings extensive experience which will enhance the Board and we look forward to working with her."

This announcement is made in accordance with Listing Rule 9.6.11. There are no further disclosures to be made pursuant to Listing Rule 9.6.13 in respect of Helis Zulijani-Boye's appointment.

Helios Towers Investor Relations:

Chris Baker-Sams, Head of Strategic Finance and Investor Relations

[phone]

[e-mail]

Media Relations:

Edward Bridges / Stephanie Ellis

FTI Consulting LLP

[phone]

About Helios Towers

· Helios Towers is a leading independent telecommunications infrastructure company, having established one of the most extensive tower portfolios across Africa. It builds, owns and operates telecom passive infrastructure, providing services to mobile network operators.

· Helios Towers owns and operates telecommunication tower sites in Tanzania, Democratic Republic of Congo, Congo Brazzaville, Ghana, South Africa, Senegal and Madagascar. Following recent acquisition agreements and subject to regulatory approval, Helios Towers expects to establish a presence in three new markets across Africa and the Middle-East. Including these acquisitions and committed BTS, the Group's total site count is expected to increase from over 9,000 towers to over 14,000.

· Helios Towers pioneered the model in Africa of buying towers that were held by single operators and providing services utilising the tower infrastructure to the seller and other operators. This allows wireless operators to outsource non-core tower-related activities, enabling them to focus their capital and managerial resources on providing higher quality services more cost-effectively.

For more information about Helios Towers, please visit: https://www.heliostowers.com/investors/investor-home/

 

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