Forthnet EGM approves increase in Share Capital

Forthnet EGM approves increase in Share Capital

On the 16th May 2008 Go announced that during an EGM held on Wednesday 14th May 2008, Forthnet has announced that the EGM approved an increase in the issued share capital of the company up to the amount of Eur137,556,721.74 with pre-emption right in favour of the shareholders who will hold shares in the company until and including the last business day prior to the ex-rights date which date will be determined and announced by the Board of Directors.  The capital increase shall be made through the issuance of 116,573,493 new common registered shares, of a nominal value of Eur1.18 per share, at an offer price per New Share of Eur2.57 (“Offer Price”) and with a ratio of 3 New Shares for every existing share. Forthnet announced that it is expected that the cash proceeds from the increase will amount to Eur299,593,877.01.

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