10 May 2024
Helios Towers plc
Board Update - Director Changes
Helios Towers plc (the "Company") today announces that with effect from 9 May 2024, Helis Zulijani-Boye has resigned as a Non-Executive Director of the Company and has been replaced by David Wassong, Co-Managing Partner of Newlight Partners LP ("Newlight").
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 Helis for her contribution to the success of the business over the last two years. At the same time, we are delighted to welcome David to the Board. He brings extensive experience, which will enhance the Board, and we look forward to working with him going forward."
This announcement is made in accordance with Listing Rule ("LR") 9.6.11R. There are no further disclosures to be made pursuant to LR 9.6.13R in respect of David Wassong's appointment, except for LR 9.6.13R (1), whereby David Wassong was previously a Non-Executive Director of the Company from 12 September 2019 to 9 March 2022.
| Enquiries: |
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| For investor enquiries | investorrelations@heliostowers.com
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| For media enquiries | Edward Bridges, Rob Mindell |
| | 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 and the Middle East. It builds, owns and operates telecom passive infrastructure, providing services to mobile network operators.
· Helios Towers owns and operates over 14,000 telecommunication tower sites in nine countries across Africa and the Middle East.
· 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/
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