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Company and has been replaced by David Wassong, Co-Managing Partner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.
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/