GO plc announced on 18 June that Forgendo Limited (the joint venture company between GO and Emirates International Telecommunications) increased its shareholding in Forthnet through an acquisition of a further 300,000 shares for a total consideration of €0.6 million, equivalent to €2.09 per share. This follows GO’s announcement last Monday that Forgendo acquired a further 591,182 shares on 10 and 11 June for a total consideration of €1.11 million, equivalent to €1.87 per share. Following this additional purchase, Forgendo’s equity stake in Forthnet increased to 35.18%.
GO plc - Increase in shareholding in ForthNet
Thursday, June 18th, 2009
