GO plc - Increase in shareholding in ForthNet

GO plc announced on 23 June that Forgendo Limited (the joint venture company between GO and Emirates International Telecommunications) increased its shareholding in ForthNet through an acquisition of a further 700,000 shares for a total consideration of €3.8 million, equivalent to €5.45 per share.

This follows the recent announcement by GO on 13 June that Forgendo had acquired 353,958 shares in ForthNet for a total consideration of €1.88 million, equivalent to €5.30 per share.

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