REG - Helios Towers PLC - Board Update - Director Changes

Helios TowersAnnouncement

10/03/2022 07:00

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RNS Number : 2663E  Helios Towers PLC  10 March 2022

Helios Towers plc

Board Update - Director Changes

Helios Towers plc (the "Company") today announces that with effect from 9
March 2022, David Wassong has resigned as a non-executive director of the
Company and has been replaced by Helis Zulijani-Boye, a Managing Director of
Newlight Partners LP with over 15 years' experience in the private equity and
investment banking industries.

These changes are made pursuant to the Shareholders Agreement entered into by
the Company and Newlight, along with other pre-IPO investors in the Company,
under which Newlight is entitled to appoint (and replace) a shareholder
representative as a director of the Company for such time as it continues to
hold more than 10% of the voting rights of the Company.

Commenting on the changes to the Board, Sir Sam Jonah, Chairman of Helios
Towers plc said today:

"On behalf of the Board, I would like to express my thanks to David for his
contribution to the success of the business. David has been a director since
the creation of Helios Towers in 2010, during which time the Company has grown
significantly and listed on the London Stock Exchange. We recognise the part
that David played in building the business. At the same time, we are delighted
to welcome Helis to the Board. She brings extensive experience which will
enhance the Board and we look forward to working with her."

This announcement is made in accordance with Listing Rule 9.6.11. There are no
further disclosures to be made pursuant to Listing Rule 9.6.13 in respect of
Helis Zulijani-Boye's appointment.

 

Helios Towers Investor Relations:

Chris Baker-Sams, Head of Strategic Finance and Investor Relations

+44 (0)752 310 1475

investorrelations@heliostowers.com (mailto:investorrelations@heliostowers.com)

 

Media Relations:

Edward Bridges / Stephanie Ellis

FTI Consulting LLP

+44 (0)20 3727 1000

 

 

About Helios Towers

 

·      Helios Towers is a leading independent telecommunications
infrastructure company, having established one of the most extensive tower
portfolios across Africa. It builds, owns and operates telecom passive
infrastructure, providing services to mobile network operators.

 

·      Helios Towers owns and operates telecommunication tower sites in
Tanzania, Democratic Republic of Congo, Congo Brazzaville, Ghana, South
Africa, Senegal and Madagascar. Following recent acquisition agreements and
subject to regulatory approval, Helios Towers expects to establish a presence
in three new markets across Africa and the Middle-East. Including these
acquisitions and committed BTS, the Group's total site count is expected to
increase from over 9,000 towers to over 14,000.

 

·      Helios Towers pioneered the model in Africa of buying towers that
were held by single operators and providing services utilising the tower
infrastructure to the seller and other operators. This allows wireless
operators to outsource non-core tower-related activities, enabling them to
focus their capital and managerial resources on providing higher quality
services more cost-effectively.

 

For more information about Helios Towers, please visit:
https://www.heliostowers.com/investors/investor-home/

 

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