The Board of Directors of GO plc has resolved to recommend a dividend of €0.16 per share, representing the highest dividend ever paid to the company’s shareholders, excluding extraordinary events.

The dividend payments, which amount to the sum of €16.21 million, will be paid on 31st May 2021 to all shareholders who are on the shareholders’ register as of 27th April 2021.

The payments are indicative of the fact “GO remains one of the best performing publicly listed companies in Malta”, the company said.

During 2020, GO generated revenue of €185.2 million which represents an increase of €7.4 million (4.2 per cent) against the same figure for 2019.

However, driven mostly by a significant decline in roaming traffic due to travel restrictions, GO’s local telecommunications segment suffered a marginal decline of 0.9 per cent compared to 2019.

GO Chairman Samir Saied explained, “2020 really tested our ability as a Company to adapt, innovate and continue to connect people and businesses at a time when connectivity proved critical to peoples’ wellbeing, lives and livelihoods”.

He commented he was very proud to “have witnessed the experience and resiliency of this long-standing company as it continued to deliver immense value to [its] customers and shareholders”.

CEO Nikhil Patil commented GO “took the challenge of 2020 as an opportunity to revisit [its] purpose, which [it] believes is “to drive a digital Malta where no one is left behind”.  

The company’s Annual General Meeting will be held remotely on Thursday 27th May 2021.