GO plc - Majority control of Cablenet

Wednesday, January 20th, 2016

On 20 January, GO plc revealed that, further to the Company Announcements dated 28 March and 4 September 2014 whereby the Company announced that it had acquired 25% of the issued share capital of Cablenet, it has now exercised its option of converting the €12 million loan provided to Cablenet into equity. Through the loan conversion, GO’s stake in Cablenet will increase from the current 25% to 45% of the issued share capital.

Moreover, GO will also exercise its option to acquire a further 6% of the issued share capital of Cablenet, thus further increasing the Company’s shareholding in Cablenet to 51% in order to acquire a majority stake.

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