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General

Zegona launches new GBP 10 mln share buyback

Wednesday 24 June 2020 | 09:27 CET | News
Zegona Communications, the leading shareholder of Spanish operator Euskaltel, has launched a new buyback programme of its ordinary shares for an aggregate purchase price of up to GBP 10 million. In a statement, the UK-based telecom investment vehicle said share repurchases may be undertaken until 15 September or until Zegona has fully utilised the allocated funds. The aim is to close the differential between Zegona's share price and the underlying asset value per share of its stake in Euskaltel.

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Categories: General
Companies: Euskaltel / Telecable / Zegona
Countries: Spain
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