Category Archives: Revenues

Revenues

Digi Communications N.V. reports a solid Q1 2024 with revenues up 12% YoY

BUCHAREST, Romania, 15-May-2024 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”), one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, informs the shareholders and investors that the Q1 2024 Financial Results are available on the Company’s website: https://www.digi-communications.ro/en/investor-relations/shares/financial-results-shares/quarterly-reports-shares  

The Company reports consolidated revenues in the first quarter of 2024 (including revenues and other income) of EUR 446.7 million, a 12% increase versus Q1 2023. The adjusted EBITDA for Q1 2024 amounted to EUR 163.1 million (+21.9% YoY), and adjusted EBITDA excluding the IFRS 16 impact was EUR 139.9 million (+23.4% YoY). This performance aligns with the management’s projections for 2024, underpinned by solid growth in strategic markets.

  • Digi Communications consolidated revenues and other income increased 12% year-on-year in Q1 2024, reaching EUR 446.7 million.
  • An adjusted EBITDA (excluding IFRS 16 impacts) of EUR 139.9 million, marking a 23.4% rise due to an expanding customer base across Romania, Spain, and Italy.
  • A significant rise in revenue-generating units (RGUs) across all three markets, approaching the historic milestone of 25 million RGUs – a 14.3% increase year-over-year (YoY) – spanning mobile, fixed internet, Pay TV, and fixed telephony services.

Serghei Bulgac, CEO of Digi Communications, stated: “Following a year of remarkable expansion in 2023, we are thrilled to report a robust first quarter of 2024. Our key markets, Romania and Spain, have maintained strong performance and allowed us to reach a historical milestone of 25 million clients served, across all three markets of activity. This important growth from the first three months of the year was driven by our mobile segment in Spain, which grew by 23.6%, reaching 5 million customers. In parallel, Spain’s broadband segment experienced accelerated growth of 56.7%, now serving 1.5 million users. Romanian mobile users exceeded 6 million with an increase of 16.3% year on year. These figures indicate another year of anticipated growth, aligning with our expectations and capability to meet evolving consumer needs in a competitive landscape. We are committed to continue to deliver superior quality at affordable prices across vibrant European markets, including established regions and new markets in Belgium and Portugal, where we are gearing up for the service launch.”

In Q1 2024, Digi Communications continued its growth trajectory across all service portfolios, registering a 14.3% YoY increase, approaching 25 million RGUs across Romania, Spain, and Italy. The company’s diverse offerings include mobile and fixed-line telephony, broadband data services, and Pay TV. In Romania, Digi operates a state-of-the-art fibre optic network for fixed and mobile telecommunication, broadband and entertainment solutions. In Spain, Digi provides mobile, broadband, and fixed-line services, and in Italy, the Group offers exclusively mobile services.

The mobile division delivers the most revenue-generating user agreements (RGUs) within the Group, accounting for 46.4% of the overall RGUs in the three markets. Maintaining its momentum from past quarters, in Q1 2024, the mobile segment saw the RGUs climb to 11.5 million, a 19.5% YoY increase, covering mobile telephony clients across Romania, Spain, and Italy.

In Romania, the mobile service segment reached 6 million RGUs in Q1 2024, an evolution of 16.3% compared to Q1 2023. Fixed internet services registered an increase of 7.8% YoY in Q1 2024, up to 4.7 million RGUs, while the Pay-TV services (cable and satellite) segment increased by 3.8% compared to Q1 2023, up to 5.7 million RGUs. Adding the fixed-line telephony, the total number of RGUs in the Romanian market amounted to 17.3 million customers as of the end of Q1 2024, a 8.5% YoY increase.

Spanish operations continued to grow well into Q1 2024, with the number of users of fixed services, internet, and mobile telephony increasing by 31.5% compared to Q1 2023 to 7 million RGUs. Mobile users increased by 23.6% to 5 million RGUs, while broadband users increased by 56.7% to 1.5 million.

In Italy, mobile users increased by 18.2% YoY, reaching 435K RGUs as of the end of Q1 2024.

Looking ahead, Digi’s strategic initiatives in Portugal and Belgium are paving the way for future expansions. Digi’s local subsidiaries are preparing to launch commercial services in these two markets in 2024.

In April 2024, Digi Spain announced the sale of its FTTH network across 12 provinces to Sota Investments Spain OpCo, S.L.U., managed by a consortium including Macquarie Capital, abrdn, and Arjun Infrastructure Partners. Valued at up to 750 million euros, this sale will enhance Digi Spain’s liquidity and enable further investment in network expansion. The transaction, reaching approximately 4.25 million homes with plans to expand to 6 million homes within three years, awaits FDI clearance and merger control approval.

About Digi Communications N.V.

We are an European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

SOURCE: EuropaWire

Digi Communications N.V. to host its general shareholders meeting on June 25, 2024

BUCHAREST, Romania, 13-May-2024 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”), one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, would like to inform the market and its investors that today, 13 May 2024, the Board of Directors of the Company convenes the general shareholders meeting (the “GSM”) of the Company (Digi Communications N.V.), to be held on Tuesday, 25 June 2024 at 2.00 p.m. CET, at the offices of Freshfields Bruckhaus Deringer LLP (Amsterdam office), Strawinskylaan 10, 1077 XZ Amsterdam, The Netherlands.

The main topics for the GSM are the following:

  • discussion and approval items on the 2023 Annual Report (including the annual report, the statutory financial statements – consolidated and stand-alone – and the auditor report);
  • approval of distribution of a gross dividend of 1,25 RON per share; ex-date – 3 July 2024, the record date for the dividend – 4 July 2024, and the payment date starting with 22 July 2024;
  • release from liability of the members of the Board of Directors;
  • remuneration report for the year 2023 (advisory, non-binding vote);
  • approval of the revised Remuneration Policy of the Board of Directors (voting item);
  • appointment of the statutory auditor for the for the financial year ending December 31, 2024;
  • designation of the Board of Directors as the competent body to repurchase own Class B Shares;
  • appointment of Board members;
  • approval of granting stock options to executive directors.

We kindly invite the market to visit the Company’s website at http://www.digi-communications.ro/en/general-share-holders (for English readers) and at http://www.digi-communications.ro/ro/aga (for Romanian readers) to review the documentation package for the GSM.

The above-mentioned sections from the Company’s website also contain the English and Romanian complete versions of the 2023 Annual Report, the 2023 Consolidated and Stand-alone Statutory Financial Statements of the Company, as well as the Independent Auditor’s Report.

The document named ‘Agenda and explanatory notes’ contains detailed descriptions regarding the items for the GSM.

Any shareholder interested in attending or voting at the GSM needs to follow the procedures set out in the articles of association of the Company (available at http://www.digi-communications.ro/en/corporate-governance) and on the ‘Convocation Notice’ available at http://www.digi-communications.ro/en/general-share-holders).

***

ANNUAL GENERAL MEETING OF DIGI COMMUNICATIONS N.V. (THE COMPANY) TO BE HELD ON TUESDAY, 25 JUNE 2024, AT 2:00 PM CET AT THE OFFICES OF FRESHFIELDS BRUCKHAUS DERINGER LLP (AMSTERDAM OFFICE), STRAWINSKYLAAN 10, 1077 XZ AMSTERDAM, THE NETHERLANDS

AGENDA

  1. Opening
  2. Annual Report 2023
  3. Board report 2023 (discussion item);
  4. Dividend Policy (discussion item);
  5. Adoption of the 2023 Annual Accounts (voting item);
  6. Distribution of dividend (voting item);
  7. Release from liability of the members of Board of Directors (voting item);
  8. Implementation of the Remuneration Policy and the Remuneration Report for the year 2023
  9. The Remuneration Report for the year 2023 (advisory, non-binding vote);
  10. Approval of the revised Remuneration Policy of the Board of Directors (voting item);
  11. Appointment of Statutory Auditor

Proposal to appoint KPMG N.V. as the statutory auditor of the Company for the financial year 2024 (voting item);

  1. Corporate governance structure and statement of compliance with the Dutch Corporate Governance Code (DCGC)

The Dutch Corporate Governance Code was updated in December 2022. In connection with its revision, applicable as of the reporting year 2023, the Dutch Corporate Governance Code Monitoring Committee recommends to discuss the Company’s compliance with the revised Code 2022 with its general meeting at the AGM in 2024 (discussion item).

  1. Designation of the Board of Directors as the competent body to repurchase own class B Shares

Designation of the Board of Directors as the competent body to repurchase class B shares (voting item);

  1. Appointment of the members of the Board of Directors
  2. Re-appointment of Mr. Serghei Bulgac as Executive Director of the Board of Directors (voting item);
  3. Re-appointment of Mr. Valentin Popoviciu as Executive Director of the Board of Directors (voting item);
  4. Re-appointment of Mr. Zoltan Teszari as Non-executive Director and President of the Board of Directors (voting item);
  5. Re-appointment of Mr. Marius Catalin Varzaru as Non-Executive Director and Vice-president of the Board of Directors (voting item);
  6. Re-appointment of Mr. Bogdan Ciobotaru as Non-Executive Director of the Board of Directors (voting item);
  7. Re-appointment of Mr. Emil Jugaru as Non-Executive Director of the Board of Directors (voting item);
  8. Appointment of Mr. Jose Manuel Arnaiz de Castro as Non-Executive Director of the Board of Directors (voting item).
  9. Approval of award of stock options to directors

Authorize the Board of Directors to decide upon the award of stock options to executive directors of the Company (voting item);

  1. Close of Meeting.

Agenda

The agenda for the AGM and the explanatory notes thereto together with the Annual Report 2023 are available on the website of the Company (www.digi-communications.ro) from 13 May 2024 onwards and are, with effect from the same date, available for inspection and obtainable free of charge at the premises of the Company (tel. +40314006505 and address: 75 Dr. N. Staicovici Street, fourth floor, Bucharest, Romania).

Record Date

Shareholders (which for the purposes of this notice includes holders of rights of usufruct and pledgees with voting rights) are entitled to attend and vote at the AGM (either in person or by proxy) if they (i) are registered in one of the (sub)registers as described below on the 28th day prior to the AGM and therefore on Tuesday, 28 May 2024 (the Record Date) after all debit and credit entries have been handled and (ii) in addition have notified the Company of their intended attendance at the AGM in the manner mentioned below. The designated (sub)registers are the administration records of the Romanian Central Depository (Depozitarul Central S.A.), and the shareholders’ register of the Company.

Notification of Attendance

Class A shares: holders of registered class A shares (which for the purposes of this notice includes holders of rights of usufruct and pledgees with voting rights in respect of these shares) who wish to attend the AGM (either in person or by proxy) must notify the Company of their intended attendance, which notice, accompanied where applicable by written power of attorney (see below), must have been received by Mrs. Eliza Popa, the Company’s secretary at the address: 75 Dr. N. Staicovici Street, fourth floor, Bucharest, Romania and by e-mail digi.gsm@digi-communications.ro no later than by Tuesday, 18 June 2024, at 4.00 pm CET. Duly registered shareholders will receive a receipt confirmation supplied by the Company which together with a valid identification document will also serve as admission ticket for the AGM.

Class B shares: holders of class B shares (which for the purpose of this notice includes holders of rights of usufruct and pledgees with voting rights in respect of these shares) who wish to attend the AGM (either in person or by proxy) must notify the Company by registering via the E-vote by ING (https://evote.ingwb.com) no later than by Tuesday, 18 June 2024, at 4.00 pm CET. Duly registered shareholders will receive a receipt confirmation supplied by ING Bank N.V. which together with a valid identification document will also serve as admission ticket for the AGM.

Representation by Proxy

Class A shareholders: holders of registered class A shares (which for the purpose of this notice includes holders of rights of usufruct and pledgees with voting rights in respect of those shares) who will not participate in person to the meeting or be represented by their own legal representative may grant a proxy, on behalf of the relevant class A shareholder, to attend the AGM, to sign the attendance list, to speak and to cast a vote at that meeting on the voting items on the agenda in accordance with the voting instructions provided by the relevant holder, all with the right of substitution to:

  • a third person; or
  • Eliza Popa, secretary of the Company (address: 75 Dr. N. Staicovici Street, fourth floor, Bucharest, Romania).

The holder of shares A will notify the Company of an electronic copy of the proxy at the following e-mail address: digi.gsm@digi-communications.ro no later than by Tuesday, 18 June 2024, at 4.00 pm CET.

Class B shares: The holders of class B shares (which for the purposes of the AGM includes holders of rights of usufruct and pledgees with voting rights in respect of those shares) who will not participate to the meeting in person or be represented by their own legal representative can grant a proxy to:

  • a third person (based on the Attendance notice and PoA to be obtained on the Company’s website on GSM documents); or
  • Eliza Popa (to be obtained via E-vote by ING https://evote.ingwb.com),

who will be authorized to, on behalf of the relevant holder, with the right of substitution, to attend the AGM, to sign the attendance list, to speak and to cast a vote at that meeting on the voting items on the agenda in accordance with the voting instructions provided by the relevant holder.

The duly completed and executed power of attorney under which a third person is empowered to represent the class B shareholder at the AGM must be received by the Company for the attention of Mrs. Eliza Popa, Dr. N. Staicovici 75, fourth floor, Bucharest, Romania, or by e-mail: digi.gsm@digi-communications.ro or if the Company’s secretary is empowered, by registering the proxy via the E-vote by ING (https://evote.ingwb.com), no later than by Tuesday, 18 June 2024, at 4.00 pm CET.

E-voting Class B Shares

Only holders of class B shares (which for the purpose of this notice includes holders of rights of usufruct and pledgees with voting rights in respect of those shares) may also give voting instructions via https://evote.ingwb.com no later than by Tuesday, 18 June 2024 at 4.00 pm CET.

Identification

Persons entitled to attend the AGM (which includes persons granted with a proxy in the manner as described above) will be requested to identify themselves at the Registration Desk prior to admission to the AGM and are therefore requested to bring a valid identity document.

Issued capital and voting rights of the Company

At the day of this convocation, the Company has an issued share capital of EUR 6,810,042.52 consisting of 64,556,028 Class A Shares, each having a nominal value of EUR 0.10 and 35,443,972 Class B Shares, each share having a nominal value of EUR 0.01. 4,409,361 Class A Shares and 343,026 Class B Shares are held by the Company in its own share capital (in treasury). No votes may be cast for shares held by the Company in its own share capital. Therefore, the total number of voting rights at the day of this convocation amounts to 636,567,616.

About Digi Communications N.V.

We are an European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

SOURCE: EuropaWire

Digi Communications N.V. to host its Q1 2024 financial results conference call on May 15, 2024

BUCHAREST, Romania, 8-May-2024 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”), one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, announces that on 15 May 2024 at 14:00 UK time / 16:00 EEST (Romania local time), will host a conference call to discuss its Q1 2024 financial results. The Company will publish the unaudited Q1 2024 financial results on the same day, 15 May 2024 at 08:00 am EEST.

The call will be held in English language, and it will be hosted by the Company’s CEO, Mr. Serghei Bulgac, and the Company’s CFO, Mr. Dan Ionita.

To participate in the call the stakeholders are invited to pre-register at:

https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar

The deadline for pre-registration is 15 May 2024, 12:00 UK time/ 14:00 EEST (Romania local time).

About Digi Communications N.V.

We are an European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

SOURCE: EuropaWire

Digi Communications N.V. released the Romanian version of its 2023 Annual Report 

BUCHAREST, Romania, 7-May-2024 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) informs the shareholders and investors that the Romanian version of the Annual Financial Report for the year ended December 31, 2023 is available starting with 7 May 2024 on the Company’s website (www.digi-communications.ro) under the section ”Investor Relations”.

SOURCE: EuropaWire

Digi Communications N.V. proposes a dividend increase for 2023

BUCHAREST, Romania, 7-May-2024 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”), one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, will propose its shareholders distribution of approximately RON 120 million in dividends for fiscal year 2023. The company’s proposal is a dividend of RON 1.25 per share, a 25% year-on-year increase. The dividend for the 2022 fiscal year amounted to RON 1.0. The details related to the payment, including reference and payment date, will be established at the Annual General Meeting of the Shareholders, expected to take place in June 2024.

Serghei Bulgac, CEO of Digi Communications, stated: “Digi Communications continues to be a dynamic growth story, and it is particularly gratifying to see our company amongst the top performers on the Bucharest Stock Exchange this year. We see this as a recognition of our strong operational performance and the market’s confidence in our strategic direction. We have an unparalleled opportunity to build a leading European telecom operator out of Romania. Both our core markets, Romania and Spain, continue to grow at an accelerated pace. We are gearing up for the upcoming commercial launches in Portugal and Belgium later this year. With all these important developments poised to drive growth in the coming years, our commitment to generating shareholder value has never been stronger.”

Being dedicated to the expansion of the footprint in core markets, Romania and Spain, as well as preparing for the launch of operations in Portugal and Belgium, both estimated for 2024, Digi Communications continued allocation of significant CAPEX towards harnessing growth opportunities. In 2023, Digi Communications capital expenditures amounted to EUR 730 million, growing and improving network capabilities across all markets. Nonetheless, the company is committed to shareholder value, with its gross dividend value growing at a compound annual growth rate of 24% between 2017 and 2023 [i].

Digi Communications registered EUR 1.7 billion in consolidated revenues in 2023, a 13% increase compared to the previous year. Adjusted EBITDA increased by 17% compared to 2022, reaching EUR 591.2 million.

In 2023, Digi Communications continued to grow across its entire service portfolio, reaching almost 23.9 million in revenue-generating user agreements (RGUs) as of the 2023 yearend across Romania, Spain, and Italy. This marks a 15% increase compared to 2022. Digi’s range of services spans mobile and fixed-line telephony, broadband data services, and Pay TV. In Romania, Digi offers fixed telecommunication and entertainment solutions via a cutting-edge fibre optic network. The Group also operates a mobile network, which shares the backbone of the fixed fibre optic infrastructure. Meanwhile, in Spain, Digi provides mobile, broadband, and fixed-line phone services, and in Italy, the Group provides exclusively mobile services.

About Digi Communications N.V.

We are an European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

[i] Subject to General Meeting of Shareholders approval of 2023 dividend distribution.

SOURCE: EuropaWire

Digi Communications N.V. 2023 Annual Report released

BUCHAREST, Romania, 2-May-2024 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) informs the shareholders and investors that the Annual Financial Report for the year ended December 31, 2023 is available starting with 2 May 2024 on the Company’s website (www.digi-communications.ro) at https://www.digi-communications.ro/en/investor-relations/shares/financial-results-shares/annual-reports-shares under the section Investor Relations.

The Annual Financial Report for year ended December 31, 2023 can also be downloaded below.

DIGI_2023-Annual-ReportDownload

For additional information, please contact us at investor.relations@digi-communications.ro.

About Digi Communications N.V.

We are an European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

SOURCE: EuropaWire

Digi Communications NV 2023 Preliminary Financial Results now available on the company’s website

BUCHAREST, Romania, 28-Feb-2024 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that the 2023 Preliminary Financial Results are available on the Company’s website.

For more details, please seehttps://www.digi-communications.ro/en/investor-relations/shares/financial-results-shares/annual-reports-shares

Also today, 28 February 2024 at 14:00 UK time / 16:00 EEST (Romania local time) it will host a conference call to discuss its 2023 Preliminary Financial Results.

The call will be held in English language, and it will be hosted by the Company’s CEO, Mr. Serghei Bulgac, and the Company’s CFO, Mr. Dan Ionita.

To participate in the call the stakeholders are invited to pre-register at:

https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar

The deadline for pre-registration is 28 February 2024, 12:00 UK time / 14:00 EEST (Romania local time).

About Digi Communications NV

We are an European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

SOURCE: EuropaWire

Digi Communications NV to release its unaudited 2023 preliminary financial results on 28 Feb 2024

BUCHAREST, Romania, 21-Feb-2024 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that on 28 February 2024 at 14:00 UK time / 16:00 EEST (Romania local time), will host a conference call to discuss its 2023 preliminary financial results. The Company will publish the unaudited 2023 preliminary financial results on the same day, 28 February 2024 at 08:00 am EEST.

The call will be held in English language, and it will be hosted by the Company’s CEO, Mr. Serghei Bulgac, and the Company’s CFO, Mr. Dan Ionita.

To participate in the call the stakeholders are invited to pre-register at:
https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar

The deadline for pre-registration is 28 February 2024, 12:00 UK time / 14:00 EEST (Romania local time).

About Digi Communications NV

We are an European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

SOURCE: EuropaWire

Digi Communications N.V. published its 2024 Financial Calendar

BUCHAREST, Romania, 23-Jan-2024 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) would like to inform its investors and the market that the Financial Calendar for 2024 is available on the official website: www.digi-communications.ro (Investor Relations Section/Financial Calendar).

About Digi Communications NV

We are an European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

SOURCE: EuropaWire

Digi Communications N.V. Q3 2023 financial results now available at its website

BUCHAREST, Romania, 14-Nov-2023 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that the Q3 2023 financial results are available on the Company’s website at: https://www.digi-communications.ro/en/investor-relations/shares/financial-results-shares/quarterly-reports-shares

Also, today at 14:00 UK time / 16:00 EEST (Romania local time) it will host a conference call to discuss its Q3 2023 Financial Results.

The call will be held in English language, and it will be hosted by the Company’s CEO, Mr. Serghei Bulgac, and the co-CFO, Mr. Dan Ionita.

To participate in the call, the stakeholders are invited to pre-register at: https://www.digi-communications.ro/en/see-file/Conf-Call-Registration_Presentation-of-the-Q3-2023-Financial-Results.pdf The deadline for pre-registration is 12:00 UK time / 14:00 EEST (Romania local time).

A recording of the conference call will be available shortly after on the Company’s website at: www.digi-communications.ro

About Digi Communications NV

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

SOURCE: EuropaWire

Digi Communications NV to host a conference call for its Q3 2023 Financial Results on 14 Nov 2023

BUCHAREST, Romania, 7-Nov-2023 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that on 14 November 2023 at 14:00 UK time / 16:00 EEST (Romania local time), the Company will host a conference call to discuss its Q3 2023 financial results. The Company will publish its consolidated financial results as of 30.09.2023 on the same day, 14 November 2023 at 8:30 am EEST.

The call will be held in English language, and it will be hosted by the Company’s CEO, Mr. Serghei Bulgac, and the co-CFO, Mr. Dan Ionita.

To participate in the call, the stakeholders are invited to pre-register at: https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar. The deadline for pre-registration is 14 November 2023, 12:00 UK time / 14:00 EEST (Romania local time).

About Digi Communications NV

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

SOURCE: EuropaWire

Digi Communications N.V. expands in Belgium, secures national roaming services and 400 mobile sites

BUCHAREST, Romania, 28-Aug-2023 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) would like to inform the market that on August 27, 2023 our Belgian affiliated companies, Digi Communications Belgium N.V. and InSky N.V. (the “Belgian JV”), have concluded with Proximus Plc, the most important Belgian operator, a series of wholesale agreements, under which the Belgian JV acquired national roaming services for a minimum period of 5 (five) years on the Belgian territory. Additionally, under the above-mentioned agreements, a number of around 400 (four hundred) mobile sites (physical infrastructure) are expected to be bought in the next 4 (four) years.

Alongside the spectrum package acquired during the last auction, which was completed on 21 June 2022, these new commercial agreements will allow our Belgian JV to continue developing our strategy, which, together with the substantial investments and significant efforts allotted to this end, will enable us to prepare for the start of the communications services in the Belgian market.

About Digi Communications N.V.

We are an European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy and Portugal.

SOURCE: EuropaWire

Digi Communications N.V. publishes instructions regarding the payment of share dividend for the 2022 financial year

BUCHAREST, Romania, 23-Aug-2023 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) informs the market about the availability of the detailed instruction regarding the payment of share dividend for the 2022 financial year, in gross amount of 1 leu per share, as approved by the Company’s Ordinary General Shareholders’ Meeting, which was held on 18 August 2023.

The payment of the dividend related to 2022 financial year will be carried out on September 14, 2023, to the Company’s class B shareholders registered on August 31, 2023 in the Register of Shareholders held by Depozitarul Central S.A. and to the class A shareholders registered at the same date in the Register of Shareholders held by the Company, ex-date being 30 August 2023.

The detailed instruction on the payment of dividend is available on the Company’s website, at the „DOCUMENTS REGARDING THE DISTRIBUTION OF DIVIDEND FOR THE YEAR 2022” section, available HERE.

About Digi Communications N.V.

We are an European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy and Portugal.

SOURCE: EuropaWire

Digi Communications N.V. publishes its 2022 Annual Report

BUCHAREST, Romania, 21-Aug-2023 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) informs the market about the availability of the 2022 Annual Report which was approved by the Company’s Ordinary General Shareholders Meeting, which was held on 18 August 2023.

The approved 2022 Annual Report can be consulted on the Company’s website, HERE


About Digi Communications N.V.

We are an European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy and Portugal.

SOURCE: EuropaWire

The resolutions from Digi Communications N.V.’s general shareholders’ meeting held on 18 Aug 2023

BUCHAREST, Romania, 18-Aug-2023 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) would like to inform the market and its investors that today, Friday, 18 August 2023, at 2:00 PM CET, at the offices of Freshfields Bruckhaus Deringer LLP (Amsterdam Office), Strawinskylaan 10, 1077 XZ Amsterdam, the Netherlands, the Company’s general shareholders’ meeting (the GSM) took place with respect to which the Company informed its shareholders and the market through the Convocation notice released on 7 July 2023 (the Convocation Notice).

The GSM was attended by shareholders representing 74,03% of the total number of shares with voting rights, respectively 70,458,884 shares.

Following the debates, the GSM has adopted the following decisions regarding the points included on the agenda, in accordance with the Convocation Notice:

  1. The Annual Report of the Company for 2022 (item 2 from the Convocation Notice):
    c. Adoption of the 2022 Annual Accounts;
    d. Distribution of dividend – based on the approval, the Company will distribute a gross dividend of 1 RON per share, ex-date –30 August 2023 and the record date being 31 August 2023.
    It is expected that the payment date will be on or around 14 September 2023;
    e. Release from liability of the members of the Board of Directors.
    The investors and the market were informed of the 2022 financial results starting with 5 July 2023 when the 2022 annual report was published.
  2. Remuneration Report for 2022
    The general meeting approved by an advisory, non-binding vote the Remuneration Report for 2022 made public on the Company’s website. The Remuneration Report for 2022 is construed according to the provisions of EU Directive 828/2017 as implemented in The Netherlands.
  3. Appointment of Statutory Auditor for the 2023 financial year
    The general meeting approved the appointment of KPMG Accountants N.V. as the statutory auditor of the Company for the financial year ending 31 December 2023.
  4. Designation of the Board of Directors as the competent body to repurchase own Class B Shares
    The general meeting approved the designation of the Board of Directors as the competent body to repurchase own class B shares. In accordance with article 10 of the articles of association, the general meeting granted the Board of Directors the authority to acquire class B shares in the share capital of the Company through purchases effected on the stock exchange via trading on the regular market on which the class B shares are listed and/or through other means (including public tender offers), for a period of 18 months from the date of this general meeting, i.e. up to and including 17 February 2025, in compliance with the applicable law, subject to the following conditions:
    • the authority of the Board of Directors shall be limited to a maximum of 3,000,000 class B shares;
    • transactions effected on the stock exchange via trading on the regular market on which the class B shares are listed will be subject to a maximum price per class B share equal to the average of the highest price on each of the five trading days prior to the date of acquisition, as shown in the Official Price List of the Bucharest Stock Exchange plus 10% (maximum price) and to a minimum price per class B share equal to the average of the lowest price on each of the five trading days prior to the date of acquisition, as shown in the Official Price List of Bucharest Stock Exchange minus 10% (minimum price);
    • transactions effected through other means (including public tender offers) will be subject to a maximum price per class B share of RON 40 (maximum price) and a minimum price of no less than RON 35 (minimum price).

Any buy-back of shares will be conducted by way of a share buy-back program in line with applicable EU rules. The launch of such program and the determination of its terms and conditions is subject to a decision of the Board of Directors. The Board of Directors intends to appoint an independent specialized trading / brokerage firm to execute any such buyback. Further, any buy-back program may be suspended, discontinued or modified at any time for any reason and without previous notice in the Company’s sole discretion in accordance with applicable laws and regulations. Neither the authorization requested, nor the subsequent launch of any share buy-back program obligates the Company to buy-back any class B shares.

The voting results of the GSM, as well as other relevant information on the GSM and the related documents are available on the Company’s website at the section dedicated to the 2023 GSM: https://www.digi-communications.ro/en/corporate/general-share-holders/digi-communications-n-v-gsm-2023

About Digi Communications N.V.

We are an European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy and Portugal.

SOURCE: EuropaWire

Digi Communications NV releases its H1 2023 Financial Results

BUCHAREST, Romania, 15-Aug-2023 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that the H1 2023 Financial Results are available on the Company’s website: https://www.digi-communications.ro/en/investor-relations/shares/financial-results-shares/half-year-reports-shares

Also, today at 14:00 UK time / 16:00 EEST (Romania local time) it will host a conference call to discuss its H1 2023 Financial Results.

The call will be held in English language, and it will be hosted by the Company’s CEO, Mr. Serghei Bulgac, and the co-CFO, Mr. Dan Ionita.

To participate in the call, the stakeholders are invited to pre-register at: https://www.digi-communications.ro/en/see-file/Conf-Call-Registration_Presentation-of-the-H1-2023-Financial-Results.pdf  The deadline for pre-registration is 12:00 UK time/ 14:00 EEST.

A recording of the conference call will be available shortly after on the Company’s website: www.digi-communications.ro

About Digi Communications NV

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

SOURCE: EuropaWire

Digi Communications NV to host a conference call for its H1 2023 Financial Results on 14 Aug 2023

BUCHAREST, Romania, 7-Aug-2023 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that on 14 August 2023 at 14:00 UK time/ 16:00 EEST (Romania local time), the Company will host a conference call to discuss its H1 2023 financial results. The Company will publish its consolidated financial results as of 30.06.2023 on the same day, 14 August 2023 at 8:30 am EEST.

The call will be held in English language, and it will be hosted by the Company’s CEO, Mr. Serghei Bulgac, and the co-CFO, Mr. Dan Ionita.

To participate in the call, the stakeholders are invited to pre-register at: https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar. The deadline for pre-registration is 14 August 2023, 12:00 UK time/ 14:00 EEST.

A recording of the conference call will be available on Company’s website, www.digi-communications.ro for 30 days.

About Digi Communications NV

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

SOURCE: EuropaWire

Digi Communications N.V. will hold its general shareholders meeting on 18 August 2023 in Amsterdam, The Netherlands 

BUCHAREST, Romania, 7-Jul-2023 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (The Company) would like to inform the market and its investors that today, 7 July 2023, the Board of Directors of the Company convenes the general shareholders meeting (the “GSM”) of the Company (Digi Communications N.V.), to be held on Friday, 18 August 2023 at 2.00 p.m. CET, at the offices of Freshfields Bruckhaus Deringer LLP (Amsterdam office), Strawinskylaan 10, 1077 XZ Amsterdam, The Netherlands.

The main topics for the GSM are the following:

  • discussion and approval items on the 2022 Annual Report (including the annual report, the statutory financial statements – consolidated and stand-alone – and the auditor report);
  • approval of distribution of a gross dividend of 1 RON per share; ex-date – 30 August 2023, the record date for the dividend – 31 August 2023, and the payment date starting with 14 September 2023;
  • release from liability of the members of the Board of Directors;
  • remuneration report for 2022 (advisory, non-binding vote);
  • appointment of the statutory auditor for the for the financial year ending December 31, 2023;
  • designation of the Board of Directors as the competent body to repurchase own Class B Shares.

We kindly invite the market to visit the Company’s website at http://www.digi-communications.ro/en/general-share-holders (for English readers) and at http://www.digi-communications.ro/ro/aga (for Romanian readers) to review the documentation package for the GSM. The above-mentioned sections from the Company’s website also contain the English and Romanian complete versions of the 2022 Annual Report, the 2022 Consolidated and Stand-alone Statutory Financial Statements of the Company, as well as the Independent Auditor’s Report. The document named ‘Agenda and explanatory notes’ contains detailed descriptions regarding the items for the GSM. Any shareholder interested in attending or voting at the GSM needs to follow the procedures set out in the articles of association of the Company (available at http://www.digi-communications.ro/en/corporate-governance) and on the ‘Convocation Notice’ available at http://www.digi-communications.ro/en/general-share-holders).


ANNUAL GENERAL MEETING OF DIGI COMMUNICATIONS N.V. (THE COMPANY) TO BE HELD ON FRIDAY, 18 AUGUST 2023, AT 2:00 PM CET AT THE OFFICES OF FRESHFIELDS BRUCKHAUS DERINGER LLP (AMSTERDAM OFFICE), STRAWINSKYLAAN 10, 1077 XZ AMSTERDAM, THE NETHERLANDS

AGENDA

  1. Opening
  2. Annual Report 2022 a. Board report 2022 (discussion item) b Dividend and Reservations Policy (discussion item) c. Adoption of the 2022 Annual Accounts (voting item) d. Distribution of dividend (voting item) e. Release from liability of the members of Board of Directors (voting item)
  3. Remuneration Report for 2022 Remuneration Report for 2022 (advisory, non-binding vote)
  4. Appointment of Statutory Auditor Proposal to appoint KPMG N.V. as the statutory auditor of the Company for the financial year 2023 (voting item)
  5. Designation of the Board of Directors as the competent body to repurchase own class B Shares (voting item) Designation of the Board of Directors as the competent body to repurchase Class B Shares (voting item)
  6. Close of Meeting Agenda

The agenda for the AGM and the explanatory notes thereto together with the Annual Report 2022 are available on the website of the Company (www.digi-communications.ro) from 7 July 2023 onwards and are, with effect from the same date, available for inspection and obtainable free of charge at the premises of the Company (tel. +40314006505 and address: 75 Dr. N. Staicovici Street, fourth floor, Bucharest, Romania).

Record Date

Shareholders (which for the purposes of this notice includes holders of rights of usufruct and pledgees with voting rights) are entitled to attend and vote at the AGM (either in person or by proxy) if they (i) are registered in one of the (sub)registers as described below on the 28th day prior to the AGM and therefore on 21 July 2023 (the Record Date) after all debit and credit entries have been handled and (ii) in addition have notified the Company of their intended attendance at the AGM in the manner mentioned below. The designated (sub)registers are the administration records of the Romanian Central Depository (Depozitarul Central S.A.), and the shareholders’ register of the Company.

Notification of Attendance

Class A shares: holders of registered class A shares (which for the purposes of this notice includes holders of rights of usufruct and pledgees with voting rights in respect of these shares) who wish to attend the AGM (either in person or by proxy) must notify the Company of their intended attendance, which notice, accompanied where applicable by written power of attorney (see below), must have been received by Mrs. Eliza Popa, the Company’s secretary (address: 75 Dr. N. Staicovici Street, fourth floor, Bucharest, Romania and e-mail digi.gsm@digi-communications.ro) no later than by Friday, 11 August 2023, at 4.00 pm CET. Duly registered shareholders will receive a receipt confirmation supplied by the Company which together with a valid identification document will also serve as admission ticket for the AGM.

Class B shares: holders of class B shares (which for the purpose of this notice includes holders of rights of usufruct and pledgees with voting rights in respect of these shares) who wish to attend the AGM (either in person or by proxy) must notify the Company by registering via the E-vote by ING (https://evote.ingwb.com) no later than by Friday, 11 August 2023, at 4.00 pm CET. Duly registered shareholders will receive a receipt confirmation supplied by ING Bank N.V. which together with a valid identification document will also serve as admission ticket for the AGM.

Representation by Proxy Class A shareholders: holders of registered class A shares (which for the purpose of this notice includes holders of rights of usufruct and pledgees with voting rights in respect of those shares) who will not participate in person to the meeting or be represented by their own legal representative may grant a proxy, on behalf of the relevant class A shareholder, to attend the AGM, to sign the attendance list, to speak and to cast a vote at that meeting on the voting items on the agenda in accordance with the voting instructions provided by the relevant holder, all with the right of substitution to: (i) a third person; or (ii) Mrs. Eliza Popa, secretary of the Company (address: 75 Dr. N. Staicovici Street, fourth floor, Bucharest, Romania).

The holder of shares A will notify the Company of an electronic copy of the proxy at the following e-mail address: digi.gsm@digi-communications.ro no later than by Friday, 11 August 2023 at 4.00 pm CET.

Class B shares: The holders of class B shares (which for the purposes of the AGM includes holders of rights of usufruct and pledgees with voting rights in respect of those shares) who will not participate to the meeting in person or be represented by their own legal representative can grant a proxy to: (i) a third person (based on the Attendance notice and PoA to be obtained on the Company’s website on GSM documents); or (ii) Mrs. Eliza Popa (to be obtained via E-vote by ING https://evote.ingwb.com), who will be authorized to, on behalf of the relevant holder, with the right of substitution, to attend the AGM, to sign the attendance list, to speak and to cast a vote at that meeting on the voting items on the agenda in accordance with the voting instructions provided by the relevant holder.

The duly completed and executed power of attorney under which a third person is empowered to represent the class B shareholder at the AGM must be received by the Company for the attention of Mrs. Eliza Popa, Dr. N. Staicovici 75, fourth floor, Bucharest, Romania, or by e-mail: digi.gsm@digi-communications.ro or if the Company’s secretary is empowered, by registering the proxy via the E-vote by ING (https://evote.ingwb.com), no later than by Friday, 11 August 2023, at 4.00 pm CET.

E-voting Class B Shares Only holders of class B shares (which for the purpose of this notice includes holders of rights of usufruct and pledgees with voting rights in respect of those shares) may also give voting instructions via https://evote.ingwb.com no later than by Friday, 11 August 2023 at 4.00 pm CET.

Identification

Persons entitled to attend the AGM (which includes persons granted with a proxy in the manner as described above) will be requested to identify themselves at the Registration Desk prior to admission to the AGM and are therefore requested to bring a valid identity document.

Issued capital and voting rights of the Company

At the day of this convocation, the Company has an issued share capital of EUR 6,810,042.52 consisting of 64,556,028 Class A Shares, each having a nominal value of EUR 0.10 and 35,443,972 Class B Shares, each share having a nominal value of EUR 0.01. 4,409,361 Class A Shares and 425,526 Class B Shares are held by the Company in its own share capital (in treasury). No votes may be cast for shares held by the Company in its own share capital. Therefore, the total number of voting rights at the day of this convocation amounts to 636,485,116.

About Digi Communications NV

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy and Portugal.

SOURCE: EuropaWire

Digi Communications N.V. 2022 Annual Financial Report released

BUCHAREST, Romania, 5-Jul-2023 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (The Company) informs the shareholders and investors that the Annual Financial Report for the year ended December 31, 2022 is available starting with 5 July 2023 on the Company’s website (www.digi-communications.ro), under the section Investor Relations.

For additional information, please contact us at investor.relations@digi-communications.ro.

About Digi Communications NV

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy and Portugal.

SOURCE: EuropaWire

Digi Communications N.V will publish its Financial Statements on July, 7, 2023

BUCHAREST, Romania, 29-Jun-2023 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (The Company) has announced that the Company’s Statutory Auditor informed the Company of an up-date regarding the date when the auditor’s opinion will be available, so that the Company can publish its statutory consolidated and stand-alone financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”) as adopted by the European Union (“EU”) and Part 9 of book 2 of the Dutch civil code (“Financial Statements”).

The newly estimated date for publishing the Company’s Financial Statements is July, 7, 2023.

The General Meeting of Shareholders will be held after the publication of the Financial Statements, with the due observance of the minimum period of time necessary to inform the Company’s shareholders.

The new 2023 Financial Calendar is available on the official website at: https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar

About Digi Communications NV

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy and Portugal.

SOURCE: EuropaWire