Zegona Cancels 100,000 Shares After Latest Buyback Transaction

An announcement from Zegona Communications ( (GB:ZEG) ) is now available.

Zegona Communications has repurchased 100,000 of its own ordinary shares at a volume-weighted average price of 1,607.75 pence as part of its ongoing share buyback programme, executed through Canaccord Genuity. The company plans to cancel these shares, reducing the number of shares in issue and voting rights to 233,270,302, a move that marginally enhances earnings per share for remaining investors and clarifies the denominator for regulatory disclosure thresholds under UK market transparency rules.

The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1715.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.

Spark’s Take on GB:ZEG Stock

According to Spark, TipRanks’ AI Analyst, GB:ZEG is a Neutral.

The score is driven primarily by mixed financials: very strong free cash flow and solid EBITDA profitability, but materially offset by high leverage and ongoing net losses. Technicals are a secondary positive, showing a clear uptrend with supportive momentum. Valuation confidence is limited due to missing P/E and dividend yield data.

To see Spark’s full report on GB:ZEG stock, click here.

More about Zegona Communications

Zegona Communications is a London-listed investment company focused on acquiring and improving businesses in the European telecommunications, media and technology sector to generate strong shareholder returns. Founded in 2015 and led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson, the company expanded its footprint in 2024 through the acquisition of Vodafone Spain.

Average Trading Volume: 588,519

Technical Sentiment Signal: Buy

Current Market Cap: £3.77B

For detailed information about ZEG stock, go to TipRanks’ Stock Analysis page.