GO plc – Correction to newspaper article

GO plc announces that in reference to the newspaper article that appeared in the printed version of The Times dated 10th August 2016 entitled “GO gives Dubai Holdings €6.1m”

The Article states that ‘GO has distributed a €6.1 Million dividend to Dubai Holdings, whilst other shareholders will have to wait’. Contrary to what has been claimed in the Article, all shareholders in GO, irrespective of the amount of shares they hold, have in fact received, dividends at the same time and in proportion to their shareholding, whenever any dividends are approved by GO.

During the Annual General Meeting held on 11 May 2016, the shareholders of GO plc approved the payment of a dividend of €0.10 per share net of tax with respect to the financial year ended 31 December 2015. This was the latest dividend distribution by GO. This dividend of €0.10 per share net of tax amounted to a total payment of €10,131,049 and was paid in May 2016 to all of GO’s shareholders pro rata to their shareholding in GO.

The Article also incorrectly states that “the parent company also sold €1.6 million worth of services to GO during the first six months of the year”. The amount of €1.6 million refers to amounts invoiced by Malta Properties Company plc to GO for the lease of various properties. Malta Properties Company plc leases various properties to GO, is an entity listed on the Malta Stock Exchange and until last year was a subsidiary of GO.

To view the full announcement, click here.