GO plc – Completion of voluntary bid
Following an earlier announcement on the 17th of August, GO plc announced that, relation to the sales process for the shares in GO and to the offer made to the shareholders of GO by TT ML Limited (a wholly owned subsidiary of Tunisie Telecom) pursuant to the Voluntary Bid offer document published on 14 June 2016 in terms of Chapter 11 of the Listing Rules.
As per announcement dated 17 August 2016, all the conditions to the Offer, set out in the Offer Document dated June 14, 2016, have been satisfied, and completion of the necessary share transfers as well as settlement of the Cash Consideration have been duly effected.
Further to those announcements, the Company announces that 66,281,050 ordinary shares in the Company, representing 65.4% of the entire issued share capital of the Company, have been transferred to TT ML Limited (a wholly owned subsidiary of Tunisie Telecom registered in Malta) with effect from today.
The remainder of the shares in GO are in free float on the Official List of the Malta Stock Exchange, thereby allowing GO to retain a strong local shareholder base.
To view the official announcement, click here.