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Zegona Communications PLC   -  ZEG   

Dividend Declaration

Released 07:00 02-Aug-2019

RNS Number : 6536H
Zegona Communications PLC
02 August 2019
 

NOT FOR DISTRIBUTION, PUBLICATION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR TO ANY US PERSON, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM AND SPAIN) OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION, PUBLICATION OR RELEASE WOULD BE UNLAWFUL.

 

 

ZEGONA COMMUNICATIONS PLC ("Zegona")

 

LEI: 213800ASI1VZL2ED4S65

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

 

 

Enquiries

 

Tavistock (Public Relations adviser - UK)

Tel: +44 (0)20 7920 3150

Jos Simson - jos.simson@tavistock.co.uk

Lulu Bridges - lulu.bridges@tavistock.co.uk 

 

 

IMPORTANT NOTICES

This announcement has been prepared in accordance with English law, the Listing Rules and the Disclosure Guidance and Transparency Rules and information disclosed may not be the same as that which would have been prepared in accordance with the laws of jurisdictions outside England.

The distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe such restrictions.  Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction. 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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Dividend Declaration - RNS