Zegona Communications extends tender offer deadline

Zegona Communications updated the market on its tender offer on Friday, having initially announced its return of up to £140m to shareholders on 30 August.

The AIM-traded firm said it and Liberum have now extended the closing time of the tender offer, and the latest time and date for receipt of tender forms and TTE instructions from CREST shareholders was now 1100 BST on Friday.

Additionally, the company extended the latest date for the tender conditions to be satisfied to 1800 BST on Friday.

“The remainder of the expected tender offer timetable - as set out in the circular - remains unchanged,” Zegona’s board said in its statement.

The price of the tender offer was calculated at £2.00 per share, the board confirmed.