2nd Aug 2019 14:28
(Alliance News) - Zegona Communications PLC proposed a 2.5 pence per share interim dividend Friday as it continued to distribute 100% of dividends received from Spanish telecommunications firm Euskaltel SA to shareholders.
"We are delighted to announce the payment of an interim dividend of GBP5.5 million," Zegona Chair Eamonn O'Hare said.
"This delivers on our commitment to pass 100% of all Euskaltel dividends straight through to our shareholders," O'Hare said. "Euskaltel has a strong history of paying dividends and we believe the new management and approach in the business puts it in a good position to continue this trend."
At the end of 2018, Zegona held a 15% stake in Euskaltel which constituted the sole material asset of the firm.
Shares in Zegona were untraded at 103.95 pence in London on Friday.
Related Shares:
Zegona Com