Liberum acts as intermediary on £140m Tender Offer by Zegona Communications plc

Zegona returned £140m to shareholders by way of a tender offer at a price of £2.00 per share.

The non-US tender offer was implemented by Liberum, acting as principal, acquiring the successfully tendered shares and a subsequent repurchase of the tendered shares from Liberum  by the Company by way of an on-market transaction on the London Stock Exchange.

Zegona (the “Company”) was established in January 2015 with the objective of acquiring businesses in the European TMT sector with a “Buy-Fix-Sell” strategy to deliver attractive shareholder returns. Following Zegona’s sale of Telecable to Euskaltel in July 2017, the consideration for which included cash of €186.5m, the Company committed itself to return cash to shareholders quickly and tax efficiently.

Equities – David Parsons

Investment Banking – Richard Crawley, Cameron Duncan, Tom Bacon, Jonathan Wilkes-Green

Operations – John Truscott, Anthony Schia, Rob Simpson, Mark Proctor, Chris Metcalfe

Legal – Rebecca Gordon

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