Tunisie Telecom, the preferred bidder for telecoms company GO, has given shareholders the option to dispose of their shares at a price of €2.87 a share.

The offer is available only to shareholders who are registered on the company’s register.

The acceptance period will start on June 24 at 8.30am and end on July 22 at 5pm.

Tunisie Telecom has, through a wholly owned subsidiary in Malta (TT ML Limited), issued an offer document setting out the terms and conditions of its voluntary offer in line with its obligations in the listing rules.

It is available at www.go.com.mt and will be made available on the website of the manager and paying agent at www.rizzofarrugia.com. 

GO will in the coming days be issuing an opinion on the offer document in line with its obligations under the listing rules.

"Tunisie Telecom believes that the proposed transaction presents the group with the opportunity to create a strong trans-Mediterranean telecoms partnership which will support GO’s growth opportunities in its domestic market while providing a key centre of excellence for the wider Group. It will also provide a number of benefits and attractive synergies for the group, as set out in the Offer Document," the company said.

Nizar Bouguila, chairman and chief executive officer of Tunisie Telecom, added: “We are very excited about this transaction as we believe that GO and Tunisie Telecom can achieve more together than they can apart. At the same time, we recognise that GO’s proven history of growth is based upon strong local and customer support in Malta and we are pleased to confirm that it is our intention to maintain GO as a publicly listed company.” 

 

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