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Tuesday 15 June 2021
HomeFeatured NewsTT sells Maltese GO shares like hotcakes!

TT sells Maltese GO shares like hotcakes!

66,281,050 shares, is the number of pledge forms received to date by Tunisia Telecom ( “TT”) as part of the voluntary public offer for the shares of Maltese operator GO, an operation launched on July 22, 2016 at 17:00. The announcement was made this Thursday, July 28, 2016.

This represents 65.4% of the total shares of GO, which leads to say that TT is moving forward with that sale.

The Offer was issued June 24, 2016, pursuant to Chapter 11 of the Listing Rules published by Authority of the Malta Financial Services. It followed the announcement of GO on May 23, 2016 relating to the selection of Tunisia Telecom as Candidate for the acquisition of the company’s shares.

The terms of the Offer provide that GO shareholders who decided to subscribe will receive the sum of € 2.87 per share payable following the closing of the transaction, which remains subject to certain conditions as indicated in section 6.5 of the Offer Document dated June 14 , 2016.

Nizar Bouguila, CEO of Tunisie Telecom, commented on the success of the operation: “We are very satisfied with the results of the Offer and the subscription level. While, it was important to offer to the minority shareholders of GO who wished the opportunity to participate in the Offer, our intention has always been to maintain a strong shareholder base and retain GO listed on the Malta Stock Exchange.

We believe that a strong local support will be essential to the success of creating a strong trans-Mediterranean telecommunications partnership in which GO will have an important role. “

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