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GO Plc
Capital/Financing Update • Jan 20, 2016
2053_rns_2016-01-20_42beca19-51bd-46a0-bffc-b5f14efb7bf1.pdf
Capital/Financing Update
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COMPANY ANNOUNCEMENT
The following is a Company Announcement issued by GO p.l.c. ("the Company") pursuant to Malta Financial Services Authority Listing Rules.
Quote
Further to the Company Announcement issued on the 4th September 2014, whereby the Company announced that it had acquired 25% of the issued share capital of Cablenet, the Company announces that at a Board Meeting held earlier today, it was agreed to proceed with the option of converting into equity the loan provided to Cablenet. Through the conversion of the €12,000,000 loan, the Company's shareholding in Cablenet will increase from the current 25% to 45% of the issued share capital of Cablenet.
The Company further announces that it will also exercise the option included in the Share Purchase Agreement to acquire a further 6% of the issued share capital of Cablenet thus increasing the Company's shareholding in Cablenet to 51% in order to acquire majority control in Cablenet.
Unquote
Dr. Francis Galea Salomone LL.D. Company Secretary
20 January 2016
GO plc, Fra Diego Street, Marsa, MRS 1501 Malta PO Box 40, Marsa MRS 1001 t. +356 2124 6200 e. [email protected] Company Registration Number: C22334 VAT Number: MT 12826209
LTRH - Apr 15 – 317
go.com.mt