GO plc - New Major Shareholder

Wednesday, August 24th, 2016

On 23 August, GO plc announced that the Voluntary Bid by TT ML Limited, a wholly owned subsidiary of Tunisie Telecom, is now complete after the share transfers and the settlement of the cash consideration have been duly effected. As a result, TT ML Limited is now the major shareholder of GO plc with a 65.4% stake (representing 66,281,050 shares).

In a separate press release, Tunisie Telecom explained that following the closure of this transaction, Tunisie Telecom and GO can seek to unlock a number of synergies that should deliver long-term value for all stakeholders including building on the entities’ combined strength and start delivering on its vision to create a leading trans-Mediterranean telecoms platform spanning North Africa to Malta, Cyprus and Greece.

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