GO plc - Forthnet Rights Issue Price

On 22 August, GO plc reproduced the announcement by Forthnet S.A. published on 21 August which confirmed the price of the upcoming rights issue.

Forthnet revealed that the rights issue price was set at €0.30, equivalent to the nominal value of the shares. Eligible shareholders will be entitled to subscribe to 15 new shares for every 2 shares held. If the rights issue is fully subscribed, the share capital increase would amount to just over €29.1 million.

Further details on the rights issue will be available in the Prospectus which Forthnet is expected to publish in the coming weeks.

On its part, GO plc explained that a decision whether to participate or otherwise in this capital increase will only be taken once the Prospectus is published. GO’s indirect entitled through their stake in Forgendo amounts to circa €6 million.