Zegona Communications plc - Placing
This offer is now closed for applications through interactive investor
Zegona Communications is performing an equity raise, which contains a retail offer to support the reverse takeover of Vodafone Spain.
Zegona was established in 2015 with the objective of investing in business in European Telecommunications, Media and Technology sector and improving their performance to deliver attractive shareholder returns.
Key information
| Offer price (per share): | £1.50 |
| Minimum investment: | £500 (multiples of £1 thereafter) |
| Stock ticker: | ZEG |
| SEDOL: | BVGBY89 |
Expected timetable
| Offer open: | 13 November 2023 |
| Offer close: | 15 November 2023 (1pm) |
| Result announced: | 16 November 2023 |
| Unconditional dealing starts: | 17 November 2023 |
Offer documents
Offer announcements
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Offer price and allocation policy
- The Issue Price has been set at £1.50 per Ordinary Share.
- We expect the results of the Offer, including the allocation policy to be announced on Wednesday 16 November 2023.
- Allocation of shares will be at the absolute discretion of the Company. We will be required to apply the allocation policy to each customer who subscribes for shares. This may include a scale-back, which could result in you receiving less shares or no shares at all.
- Following the announcement of the allocation policy we will complete the settlement, allocate the shares (if your application was successful) and (in the case of scale-back) refund any cash to your account.
Offer period
- The Offer Period for the Zegona Communications plc Placing closed at 1pm on Wednesday 15 November 2023.
Trading starts
- Admission and unconditional dealing in the Ordinary Shares is expected to commence at 8am on Thursday 17 November 2023. There is no conditional dealing period.
- When admitted to trading, Zegona Communications plc new Ordinary Shares will be registered with SEDOL (Stock Exchange Daily Official List) number BVGBY89 and trade under the symbol "ZEG".
- Unconditional dealing is expected to commence at 8am on Tuesday 11 July 2023.
- If you buy or sell Zegona Communications plc Shares after admission the relevant share dealing rate will apply.
Investing in a Placing carries a high degree of risk. If you are unsure of the suitability of an investment, please seek Financial Advice. You are not guaranteed to make a profit, the value of your investments can go down as well as up. You may not get back all the money you invest. Any notification of a Placing on our website is not an endorsement of the issue, nor is it solicitation for interest in the issue. Investment in the Company should not be regarded as short-term in nature. You should carefully consider all of the information set out in the Offer documents, including all the risks attached to investing in the Company before you apply.
"Zegona Communications plc" and the Zegona Communications plc logo are reproduced by kind permission of Zegona Communications plc. All rights reserved.
This announcement has been published by Interactive Investor Services Limited.
This announcement has been prepared and is the sole responsibility of Interactive Investor Services Limited of 201 Deansgate, Manchester, M3 3NW, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.