GO plc - Increase in shareholding in Forthnet

GO announced on 14 July 2009 that Forgendo Limited (the joint venture company between GO and Emirates International Telecommunications) increased its shareholding through an acquisition of a further 300,000 shares for a total consideration of €575,370, equivalent to €1.918 per share. Following this additional purchase, Forgendo’s equity stake in Forthnet has increased to 37.1%.

In recent weeks, Forgendo acquired a total of 3.9 million shares, equivalent to 2.5% of Forthnet’s total issued share capital.

Comments are closed.