Zegona Cancels 100,000 Shares Following Buyback Under Ongoing Programme

The latest update is out from Zegona Communications ( (GB:ZEG) ).

Zegona Communications has repurchased 100,000 of its own ordinary shares on 19 January 2026 under its ongoing share buyback programme, at a volume-weighted average price of 1,584.57 pence per share, through Canaccord Genuity. The company intends to cancel these shares, reducing its share count and leaving 233,701,302 ordinary shares and voting rights in issue, a move that marginally increases existing shareholders’ proportional ownership and provides an updated denominator for regulatory disclosure calculations under UK transparency rules.

The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1640.00 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 attractive shareholder returns. Led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson, the company significantly expanded its operational footprint with the 2024 acquisition of Vodafone Spain.

Average Trading Volume: 572,711

Technical Sentiment Signal: Buy

Current Market Cap: £3.6B

Learn more about ZEG stock on TipRanks’ Stock Analysis page.