BUCHAREST, Romania, 25-Oct-2024 — /EuropaWire/ — Digi Communications N.V. (DIGI), a prominent European telecommunications provider listed on the Bucharest Stock Exchange, has announced the successful completion of its acquisition of Cabonitel S.A. through its subsidiary, DIGI Portugal LDA. This transaction with LORCA JVCO Limited, resulting in DIGI’s full ownership of Cabonitel, follows the recent regulatory approval granted by competition authorities, with more details accessible in the official announcement published on Bursa de Valori Bucuresti (BVB).
About Digi Communications N.V.
Digi Communications N.V. is a leader in geographically targeted telecommunication services, with significant operations in Romania and Spain and an expanding presence in Italy, Portugal, and Belgium. The company’s focus on delivering a range of advanced telecommunications solutions has positioned it among Europe’s top providers based on revenue-generating units (RGUs).
BUCHAREST, Romania, 24-Oct-2024 — /EuropaWire/ — Digi Communications N.V. (“DIGI”), one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, would like to inform the market that the Portuguese Competition Authority has granted clearance on 23 October 2024 for the share purchase agreement concluded by DIGI Portugal, LDA. (“DIGI Portugal”) and LORCA JVCO Limited for the acquisition of 100% of the shares issued by Cabonitel, S.A (the “Transaction”), completing the pending condition precedent for the closing of the Transaction. The Company announced the Transaction on 2 August 2024 (the report from 2 August 2024 can be accessed here).
About Digi Communications N.V.
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.
BUCHAREST, Romania, 30-Sep-2024 — /EuropaWire/ — Digi Communications N.V. (“DIGI”), a major European telecommunications company listed on the Bucharest Stock Exchange, has successfully completed the full redemption of its €450 million Senior Secured Notes. The redemption was finalized on 27 September 2024, following an earlier announcement made on 16 September 2024, which outlined the company’s intention and fulfillment of the necessary financial conditions. The notes, carrying a 2.5% interest rate and originally set to mature in 2025, were fully redeemed by Digi Romania S.A., the company’s Romanian subsidiary.
About Digi Communications N.V.
Digi Communications N.V. is a leading European telecommunications provider, with a significant presence in Romania and Spain, and operations in Italy, Portugal, and Belgium. The company is a top player in delivering telecommunication services, offering innovative solutions across its targeted geographic markets.
BUCHAREST, Romania, 16-Sep-2024 — /EuropaWire/ — Digi Communications N.V., a prominent European telecommunications provider, has announced that its Romanian subsidiary, Digi Romania S.A., will redeem the entirety of its outstanding €450 million 2.50% Senior Secured Notes, set to mature in 2025. The full redemption, scheduled for September 27, 2024, will involve paying noteholders the principal amount along with accrued interest up to the redemption date. This move marks an important financial milestone for Digi Communications as it continues to strengthen its financial position.
The company has outlined that noteholders must be recorded by September 26, 2024, to be eligible for the redemption payout. Citibank N.A., London Branch, will act as the Paying Agent to facilitate the process, with interest on the Notes ceasing to accrue after the redemption date unless the issuer defaults on the payment. Digi Communications has already fulfilled the financing conditions required for this redemption, ensuring a smooth process for all stakeholders.
Digi Communications, a major player in the telecom industry, offers services primarily in Romania and Spain, with expanding operations across Italy, Portugal, and Belgium. This latest financial development underscores the company’s robust growth and operational stability in the European telecom sector.
BUCHAREST, Romania, 6-Sep-2024 — /EuropaWire/ — Digi Communications N.V. (“DIGI”), a prominent European telecommunications provider, today announced the successful completion of the first phase of its Fibre-to-the-Home (FTTH) network sale in Spain. This milestone marks a significant step in the transaction between Digi Spain Telecom S.L.U. and Sota Investments Spain OpCo, S.L.U., a consortium led by Macquarie Capital, abrdn, and Arjun Infrastructure Partners.
The transaction, initiated with an asset purchase agreement signed on April 4, 2024, involves the sale of an extensive FTTH network across 12 Spanish provinces. The initial delivery encompasses 4,412,500 homes passed, with the full network development expected to extend over the next three years, eventually covering an additional 1,587,500 homes.
In addition to the network sale, Digi Spain and Sota Investments Spain OpCo, S.L.U. have finalized a long-term wholesale bitstream services agreement. Under this arrangement, Sota Investments will offer Digi Spain wholesale access bitstream services for an initial term of 25 years. Simultaneously, Digi Spain will provide operation and maintenance services, along with other technical support for the network over the same period.
This strategic move aligns with Digi Communications’ commitment to expanding its telecommunications infrastructure and enhancing service delivery across Europe.
BUCHAREST, Romania, 7-Aug-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 14 August 2024 at 14:00 UK time / 16:00 EEST (Romania local time), will host a conference call to discuss its H1 2024 financial results. The Company will publish the unaudited H1 2024 financial results on the same day, 14 August 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:
The deadline for pre-registration is 14 August 2024, 12:00 UK time / 14:00 EEST (Romania local time).
About Digi Communications N.V.
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.
BUCHAREST, Romania, 2-Aug-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 market that on 1 August 2024 DIGI Portugal, LDA. (“DIGI Portugal”) entered into a share purchase agreement with LORCA JVCO Limited for the acquisition of 100% of the shares issued by Cabonitel, S.A. at a valuation of EUR 150 million, subject to customary adjustments and certain contingent events (the “Transaction”).
The Transaction perimeter includes Nowo Communications, S.A. (“Nowo”), Portugal’s fourth biggest mobile and fixed telecom operator (entirely owned by Cabonitel S.A.). Nowo has ca. 270 thousand mobile telephony clients and ca. 130 thousand fixed telecommunications clients. Nowo also holds spectrum licenses in 1800 Mhz, 2600 MHz and 3600 MHz frequency bands.
The completion of the Transaction is subject to competition clearance.
About Digi Communications N.V.
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.
BUCHAREST, Romania, 2-Jul-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 about the availability of the detailed instruction regarding the payment of share dividend for the 2023 financial year, in gross amount of 1.25 lei per share, as approved by the Company’s Ordinary General Shareholders’ Meeting, which was held on the 25th of June 2024.
The payment of the dividend related to 2023 financial year will be carried out on July 22nd, 2024 to the Company’s class B shareholders registered on July 4th, 2024 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 July 3rd 2024.
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 2023” 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, Portugal and Belgium.
BUCHAREST, Romania, 28-Jun-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, on 27 June 2024, the Executive Directors of the Company were granted conditional stock options by the Company pursuant to the decision of the Company’s general meeting of shareholders dated 25 June 2024 and the resolution of the Board of Directors dated 27 June 2024. The number of options of class B shares granted as part of this stock option plan (applicable for the year 2024) amounts to a total of 140,000 stock options (respectively 80,000 for Mr. Serghei Bulgac and 60,000 for Mr. Valentin Popoviciu). The further vesting of all option shares granted will be conditional upon a multiple performance criteria and the passage of a period of time, as indicated in Annex 1 of the Agenda and Explanatory notes published by the Company on 13 May 2024, which can be accessed at the following link: https://www.digi-communications.ro/en/see-file/AGM-2024_Agenda-and-explanatory-notes.pdf
In accordance with the applicable regulations, on 27 June 2024, both executive directors, as persons discharging managerial responsibilities in connection with the Company, have notified the Company, the Romanian Financial Supervisory Authority (ASF) and Autoriteit Financiële Markten (AFM) in connection with the grant of the above-mentioned stock options and the execution between them and the Company of corresponding stock option agreement.
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.
BUCHAREST, Romania, 26-Jun-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,The Company would like to inform the market and its investors that today, 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, 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 13 May 2024 (the Convocation Notice).
The GSM was attended by shareholders representing 82,72% of the total number of shares with voting rights, respectively 78,794,760 shares.
Following the debates, the GSM has adopted the following decisions regarding the points included on the agenda, representing voting items, in accordance with the Convocation Notice:
2. Annual Report 2023
c. Adoption of the 2023 Annual Accounts;
d. Distribution of dividend – based on the approval, the Company will distribute a gross dividend of 1.25 RON per outstanding share (both Class A Shares and Class B Shares equally). The listed Class B shares will be quoted ex-dividend from 3 July 2024 and the record date for the dividend shall be 4 July 2024. It is expected that the dividend will be paid on or around 22 July 2024.
e. Release from liability of the members of Board of Directors;
3. Implementation of the Remuneration Policy and the Remuneration Report for the year 2023
a. The Remuneration Report for the year 2023 (advisory, non-binding vote);
b. The revised Remuneration Policy of the Board of Directors;
4. Appointment of KPMG N.V. as the statutory auditor of the Company for the financial year 2024
6. Designation of the Board of Directors as the competent body to repurchase own class B Shares
Based on this approval, the Board of Directors has 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 June 26, 2024 up to and including 24 December 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 number 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 65 (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.
7. Appointment of the members of the Board of Directors
a. Re-appointment of Mr. Serghei Bulgac as Executive Director of the Board of Directors;
b. Re-appointment of Mr. Valentin Popoviciu as Executive Director of the Board of Directors;
c. Re-appointment of Mr. Zoltan Teszari as Non-Executive Director and President of the Board of Directors;
d. Re-appointment of Mr. Marius Catalin Varzaru as Non-Executive Director and Vice-president of the Board of Directors;
e. Re-appointment of Mr. Bogdan Ciobotaru as Non-Executive Director of the Board of Directors;
f. Re-appointment of Mr. Emil Jugaru as Non-Executive Director of the Board of Directors;
g. Appointment of Mr. Jose Manuel Arnaiz de Castro as Non-Executive Director of the Board of Directors.
8. Approval of award of stock options to directors
The Board of Directors is authorized to decide upon the award stock options to acquire class B shares in the capital of the Company to executive directors subject to the criteria of the Company’s Share Option Plan (the details of which can be found on the Company’s corporate website www.digi-communications.ro).
Additionally, the Company wishes to inform the shareholders and investors that the 2023 approved Annual Report is also available on the Company’s website and can be consulted HERE.
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.
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.
BUCHAREST, Romania, 5-Apr-2024 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) informs the market that on 4 April 2024, Digi Spain concluded an asset sale and purchase agreement with Sota Investments Spain OpCo, S.L.U., a company controlled by a consortium comprising Macquarie Capital, abrdn and Arjun Infrastructure Partners, leading international infrastructure investors, for the sale by DIGI Spain of a FTTH network in 12 provinces across the regions of Madrid, Segovia, Avila, Castilla-La Mancha, Comunidad Valenciana and Murcia, Spain (the “Network”), for a consideration of up to EUR 750,000,000. The Network currently comprises approximately 4,250,000 homes passed, with the aim of comprising a total of 6,000,000 homes passed. The deployment of the rest of the Network will be carried out gradually, over an estimated period of three (3) years.
The transaction is subject to closing conditions, such as foreign direct investment clearance and economic concentration merger control.
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.
BUCHAREST, Romania, 28-Feb-2024 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi†or the “Companyâ€) announces that the 2023 Preliminary Financial Results are available on the Company’s website.
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:
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 (“RGUsâ€) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.
BUCHAREST, Romania, 21-Feb-2024 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi†or the “Companyâ€) 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.
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 (“RGUsâ€) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.
We are an European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUsâ€) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.
BUCHAREST, Romania, 3-Jan-2024 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi†or the “Companyâ€) would like to inform the market that, in accordance with the provisions of article 19 para. (1) of the Market Abuse Regulation, Mr. Bogdan Ciobotaru, Non-Executive Director of the Company, notified the Company on 15 December 2023, in connection with the sale on 14 December 2023 of a number of 30,000 class B shares held in the Company’s share capital. In connection with this transaction, Mr. Bogdan Ciobotaru notified also the Romanian Financial Supervisory Authority (ASF) and the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten). Mr. Bogdan Ciobotaru fulfilled the notification requirements under the Company’s internal policies.
About Digi Communications NV
We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUsâ€) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.
BUCHAREST, Romania, 22-Mar-2023 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi†or the “Companyâ€) announces the conclusion on 21 March 2023 by Digi Spain of an investment agreement with abrdn for financing the roll out of a FTTH network in the provinces of AlmerÃa, Cádiz, Córdoba, Granada, Huelva, Málaga and Sevilla.
As part of its expansion strategy in Spain, Digi Spain is in the process of deploying a FTTH network with the aim of covering up to 2,500,000 homes passed in 124 municipalities in Spain (the “Networkâ€). While the deployment of a part of the Network covering approximately 1,000,000 homes passed is almost complete, the deployment of the rest of the Network covering up to 1,500,000 homes passed will be carried out gradually, over an estimated period of three (3) years.
The deployment of the Network implies an investment amount of up to EUR 300,000,000, which will be committed in substantially equal parts by Digi Spain and abrdn, potentially also involving bank financing. The transaction is concluded with Aberdeen Standard Core Infrastructure III SC Sp., a fund managed by abrdn currently fundraising and investing in the pan-European infrastructure mid-market and is subject to conditions who have to be fulfilled for completion.
About Digi Communications NV
We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUsâ€) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.
BUCHAREST, Romania, 28-Feb-2023 — /EuropaWire/ — Digi Communications N.V. (“Digi†or the “Companyâ€) announces that the 2022 Preliminary Financial Results are available on the Company’s website.
Also today, 28 February 2023 at 14:00 UK time / 16:00 EEST (Romania local time) it will host a conference call to discuss the 2022 Preliminary Financial Results.
We are a European leader in geographically-focused telecommunication solutions, based on the number of revenues generating units (“RGUsâ€) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.
BUCHAREST, Romania, 27-Jan-2022 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi†or the “Companyâ€) would like to inform its investors and the market that the Financial Calendar for 2023 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 (“RGUsâ€) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.
BUCHAREST, Romania, 28-Dec-2022 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (The Company) would like to inform the market and its investors that today, Tuesday, 28 December 2022, at 2:00 PM CET, at the offices of Freshfields Bruckhaus Deringer LLP, Strawinskylaan 10, 1077 XZ Amsterdam, the Netherlands, took place the Company’s general shareholders’ meeting (the GSM) with respect to which the Company informed its shareholders and the market through the Convocation notice released on 16 November 2022 (the Convocation Notice). The GSM was attended – either in person or by representative – by shareholders representing 76.85% of the total number of shares with voting rights, respectively 73,009,486 shares.
Following the debates, the GSM has adopted the following decisions regarding the points included on the agenda, in accordance with the Convocation Notice:
The Annual Report of the Company for 2021 (item 2 from the Convocation Notice):
c. Adoption of the 2021 Annual Accounts;
d. Approval of dividend distribution that was declared and paid as an interim dividend distribution as per Board Resolution from 1 September 2022;
e. Release from liability of the members of Board of Directors.
The investors and the market were informed of the 2021 financial results by the publication of the 2021 annual report on 16 November 2022.
Remuneration Report for 2021
The general meeting approved by an advisory vote the Remuneration Report for 2021 made public on the Company’s website. The Remuneration Report for 2021 is construed according to the provisions of EU Directive 828/2017 as implemented in The Netherlands.
Appointment of KPMG NV as Statutory Auditor of the Company
Designation of the Board of Directors as the competent body to repurchase own Class B Shares – based on this approval, the Board of Directors shall have the authority to acquire class B shares through purchases effected on the stock exchange, for the purposes of being granted to statutory executive directors, managers and employees of the group under the various stock option plans approved or to be approved by the Company, in accordance with the applicable legal provisions, for a period of 12 months from the date of the AGM (i.e., up to and including 28 December 2023).
The authority of the Board of Directors shall be limited to a maximum of up to 10% of the issued class B share capital at the close of trading on the Regulated Spot Market of the Bucharest Stock Exchange on the date of the AGM, 28 December 2022. The maximum purchase price per class B share shall at no times be higher than the higher of the price of the last independent trade and the highest current independent purchase bid on the Regulated Spot Market of the Bucharest Stock Exchange. The purchases will not exceed, on any trading day more than 25 % of the average daily volume of the shares on the Regulated Spot Market of the Bucharest Stock Exchange on which the purchase is carried out, as defined in article 3 para. (3) from Regulation (EU) 2016/1052 of 8 March 2016.
The Board of Directors intends to appoint an independent specialized trading / brokerage firm to execute any such buy-back.
Approval of award of stock options to an executive director
The Board of Directors is authorized to decide upon the award stock options to acquire class B shares in the capital of the Company to an executive director subject to the criteria of the Company’s Share Option Plan (the details of which can be found on the Company’s corporate website www.digi-communications.ro).
We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUsâ€) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy and Portugal.
