GO plc - Announcement by Tunisie Telecom

Thursday, June 2nd, 2016

On 1 June 2016, GO replicated an announcement by Tunisie Telecom confirming its intention to proceed with a voluntary offer to all shareholders of GO plc at the price of €2.87 per share. Further details on the offer will be included in the offer document which will be issued by mid-June.

Tunisie Telecom has revealed that it intends maintaining GO plc’s current status as a publicly listed company with its shares listed on the Malta Stock Exchange as far as it remains in compliance with the Listing Rules and will not be actively seeking to reach the thresholds stipulated for a mandatory squeeze out nor the related implementation of de-listing mechanics.

Tunisie Telecom’s Chairman and CEO MR Nizar Bouguila commented that the GO acquisition presents an opportunity to create a strong trans-Mediterranean telecoms partnership which will support GO’s growth opportunities in its domestic market while being a centre of excellence for the wider Group. Mr Bouguila believes that it is important to maintain GO plc as a distinct Maltese listed company with a strong local shareholder base in order to continue to benefit from the strong public and customer support that is vital for GO plc to continue to thrive and grow.

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