GO plc - Board Opinion on Voluntary Offer

On 21 June, GO plc issued an announcement containing the opinion of its Board of Directors in respect of the Conditional Voluntary Public Offer launched by TT ML Limited, a wholly owned subsidiary of Tunisie Telecom, to acquire all the shares of GO plc at the €2.87 level.

GO’s Directors expressed an overall positive opinion on the effect of the implementation of the Voluntary Bid on GO plc given that Tunisie Telecom is expected to continue to support GO’s prevailing strategy which should be enhanced with the synergies to be created with Tunisie Telecom. Additionally, no major changes in management and employment conditions are expected to be made.

Moreover, whilst the Directors received confirmations from Tunisie Telecom (also independently verified by Deloitte) that it has already secured the required funding to settle the cash consideration of €2.87 per share, the Directors did not give an opinion on the price offered as they believe shareholders should evaluate the offer based on the numerous aspects of the bid as well as depending on their respective aspirations and individual circumstances.

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GO plc – Statement of Opinion dated 21 June 2016

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