GO plc - Increase in shareholding in ForthNet

GO plc announced on 18 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 300,000 shares for a total consideration of €0.6 million, equivalent to €2.09 per share. This follows GO’s announcement last Monday that Forgendo acquired a further 591,182 shares on 10 and 11 June for a total consideration of €1.11 million, equivalent to €1.87 per share. Following this additional purchase, Forgendo’s equity stake in Forthnet increased to 35.18%.

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