GO plc - Increase in shareholding in Forthnet

Friday, January 28th, 2011

On 28 January, Forthnet S.A. announced that its largest shareholder Forgendo Ltd (the joint venture company between GO and its majority shareholder Emirates International Telecommunications) increased its shareholding in Forthnet S.A. through an acquisition of a further 87,530 shares. Forgendo acquired 23,924 shares on 26 January for a total consideration of €13,636.68 (equivalent to €0.57 per share) and a further 63,606 shares on 27 January for a total consideration of €36,579.81 (equivalent to €0.58 per share). Following this additional purchase of shares via the Athens Stock Exchange, Forgendo’s equity stake in Forthnet has increased to 41.27%.

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