Dividend Declaration

RNS Number : 6808I

Zegona Communications PLC

22 March 2018

 

ZEGONA COMMUNICATIONS PLC ("Zegona")

Zegona declares April 2018 dividend

22 March 2018

Zegona is pleased to declare a second interim dividend for the full year to 31 December 2017.

On 6 October 2017, Zegona's Board of Directors approved a policy to pay a dividend of 7.8 pence per share for the full year period to 31 December 2017, equivalent to a total dividend of £9.8 million (with the intention to pay the total amount in two equal instalments of £4.9 million).  Following the interim dividend of 3.9 pence per share paid in November 2017, Zegona is pleased to announce that the Board of Directors has declared a further interim dividend, in lieu of a final dividend, of 3.9 pence per share.

The payment of the dividend to eligible holders of shares is expected to be effected through CREST or by BACS/cheque (in the case of shares held in certificated form) paid on 24 April 2018.

Expected timetable for the April dividend:
Ex-dividend date	29 March 2018
Record date	3 April 2018
Payment of the dividend	24 April 2018

It is proposed that the payment of the dividend will be ratified by shareholders at Zegona's next annual general meeting.

Enquiries

Tavistock (Public Relations adviser)

Tel: [phone]

Jos Simson - [e-mail]

Lulu Bridges - [e-mail]

About Zegona

Zegona was established with the objective of acquiring businesses in the European Telecommunications, Media and Technology sector with a 'Buy-Fix-Sell' strategy to deliver attractive shareholder returns.  Zegona is listed on the London Stock Exchange's Main Market and is led by former Virgin Media executives Eamonn O'Hare and Robert Samuelson.

Zegona acquired Telecable, the leading quad play cable telecommunications operator in the Asturias region of Spain in August 2015.  The sale of Telecable to Euskaltel was completed on 26 July 2017.

 

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