GO plc - Forthnet Rights Issue Results

Thursday, January 9th, 2014

On 9 January, GO plc replicated an announcement by Forthnet S.A. regarding the results of its €30 million rights issue.

Forthnet explained that existing shareholders and persons who acquired pre-emption rights took up 97.88% of the shares on offer equivalent to 95,093,730 shares or €28,528,119. Demand was also high at the oversubscription process with shareholders requesting 118,735,714 shares against the remaining 2,050,845 shares on offer. As a result, the over-subscription applications were heavily scaled down and applicants were only allocated 1.73% of the amount requested. Following this rights issue, the share capital of Forthnet is now composed of 110,097,185 shares with a nominal value of €0.30 each.

Nonetheless, GO failed to disclose the number of shares taken up by Forgendo and the total amount of the loan being provided.

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