GO announced on 14 July 2009 that Forgendo Limited (the joint venture company between GO and Emirates International Telecommunications) increased its shareholding through an acquisition of a further 300,000 shares for a total consideration of €575,370, equivalent to €1.918 per share. Following this additional purchase, Forgendo’s equity stake in Forthnet has increased to 37.1%.
In recent weeks, Forgendo acquired a total of 3.9 million shares, equivalent to 2.5% of Forthnet’s total issued share capital.
