GO plc - Increase in shareholding in Forthnet

Tuesday, February 1st, 2011

On 1 February, 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 6,680 shares on 28 January for a total consideration of €3,807.60 (equivalent to €0.57 per share). Following this additional purchase of shares via the Athens Stock Exchange, Forgendo’s equity stake in Forthnet remained at 41.27%.

Since the start of the year, Forgendo acquired a total of 428,493 Forthnet shares at an average cost price of €0.561 per share. Yesterday Forthnet’s share price closed at the €0.64 level.

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