– UK, London – Zegona Communications PLC (LSE:ZEG), the LSE Main Market company established to acquire and operate businesses in the European Telecommunications, Media and Technology sector, announces that effective from today, Ashley Martin will join the board as an independent non-executive director, Chairman of the Audit & Risk Committee and a member of the Nomination & Remuneration Committee. Ashley brings a wealth of complementary experience to the Zegona board. As Audit Committee Chair at Rightmove plc, he gained valuable insight into an entrepreneurial, high-growth consumer technology business and he combines this with a successful executive career in larger listed companies with a particular focus on mergers and acquisitions. Ashley was most recently Global Chief Financial Officer of private equity backed Engine Holding LLC and previously Group Finance Director of Rok plc, the building services group, and Group Finance Director of the media services company, Tempus plc. Murray Scott will continue to serve as a member of the Audit & Risk Committee.
To further strengthen the independence of the board’s committees, Robert Samuelson will step down from the Audit & Risk and Nomination & Remuneration Committees and Mark Brangstrup-Watts will step down from the Audit & Risk Committee, both at the next Annual General Meeting. This will ensure both committees are comprised of only non-executive directors.
About Zegona
Zegona was established with the objective of acquiring businesses in the European Telecommunications, Media and Technology sector with a “Buy-Fix-Sell” strategy to deliver attractive shareholder returns. Zegona is listed on The London Stock Exchange’s Main Market and is led by former Virgin Media executives, Eamonn O’Hare and Robert Samuelson.
Zegona’s first acquisition was the €640 million purchase of Telecable, the leading quadplay cable telecommunications operator in the Asturias region of Spain, which completed in August 2015. Zegona believes Telecable represents a compelling investment because of its market leading position in Asturias and strong cash generation, coupled with attractive dynamics in the Spanish telecommunications market and Spanish economy.
For more information : http://www.zegona.com
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