GO plc – Statement of opinion of Board

The Company announces that on 15 June 2016 its board of directors (the “Board”) discussed the offer received from TT ML Limited (the “Offeror”), a fully owned subsidiary of Societe Nationale des Telecommunications (“Tunisie Telecom”), for a Voluntary Public Bid launched in terms of Chapter 11 of the Listing Rules (the "Voluntary Bid"), in respect of all the issued shares in the Company. The Board has evaluated the Voluntary Bid and the effects of the implementation of the Voluntary Bid on employment, conditions of employment and the location of the Company's place of business. The Statement of Opinion from the Board required in terms of Listing Rules 11.28 and 11.29 is attached to this Company Announcement and has been made available for public viewing on the Company's website at www.go.com.mt.

The Company further announces that, as set out in the offer document pursuant to which the Voluntary Bid has been launched, the Company’s largest shareholder Emirates International Telecommunications Malta Limited (“EITML”), which holds shares representing 60% of the issued ordinary share capital of the Company, had subject to certain conditions irrevocably undertaken to accept the Voluntary Bid with respect to its shareholding in the Company. As further specified in the said offer document, subject to the Voluntary Bid becoming unconditional and irrevocable in all respects, during the course of the acceptance period the Offeror is expected to secure acceptances which amount to at least 60% of the entire issued share capital of the Company.

To view the official company announcement, click here