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ZEGONA COMMUNICATIONS PLC ("Zegona")
2 AUGUST 2019
ZEGONA ANNOUNCES £5.5 million DIVIDEND PAYMENT
Zegona is pleased to announce the payment of an interim dividend of 2.5 pence per share, in line with its dividend policy:
· Zegona's Board of Directors has today declared an interim dividend of 2.5 pence per share, equivalent to £5,548,379
· In total 5.0 pence per share has been paid to shareholders in 2019, equating to a dividend yield of 4.8% 1
· Ex-dividend date 15th August, 2019, Record date 16th August 2019 and Payment of the dividend 6th September 20192.
Zegona has been consistent in its commitment to paying dividends, with more than £30 million being paid to shareholders since 2016. Zegona's policy is to pass 100% of all Euskaltel dividends straight through to its shareholders. Euskaltel S.A. has a strong history of paying dividends, with €55.4 million being paid to Shareholders in 2019, a 12% increase on the €49.7 million paid in 2018.
Eamonn O'Hare, Zegona Chairman and CEO commented; "We are delighted to announce the payment of an interim dividend of £5.5 million, equating to an attractive yield for 2019 of almost 5%. This delivers on our commitment to pass 100% of all Euskaltel dividends straight through to our shareholders. Euskaltel has a strong history of paying dividends and we believe the new management and approach in the business puts it in a good position to continue this trend."
1 Total dividends of 5.0 pence per share, assuming a price per Zegona share of £1.05
2 The payment of the dividend to eligible holders of shares is expected to be effected through CREST or by BACS/cheque (in the case of shares held in certificated form) paid on 6 September 2019
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