GO plc - Increase in shareholding in Forthnet

Forthnet announced that on 22 June 2009 Forgendo Limited (the joint venture company between GO and Emirates International Telecommunications) increased its shareholding through an acquisition of a further 500,000 shares for a total consideration of €0.88 million, equivalent to €1.767 per share. Moreover Forgendo purchased an additional 300,000 Forthnet shares on 23 June for a total consideration of €0.53 million (equivalent to €1.769 per share). Following these additional purchases, Forgendo’s equity stake in Forthnet has increased to 36.01%.

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