Zegona Cancels 108,000 Shares Under Ongoing Buyback Programme

Zegona Communications ( (GB:ZEG) ) has provided an update.

Zegona Communications has repurchased 108,000 of its ordinary shares at a volume-weighted average price of 1,580.83 pence under its ongoing share buyback programme and plans to cancel these shares, reducing the total number of shares and voting rights in issue to 233,593,302. The transaction, executed via Canaccord Genuity on the London Stock Exchange, tightens Zegona’s share capital base and may enhance earnings per share while clarifying the new denominator for investors’ disclosure obligations under UK transparency rules.

The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1693.00 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 the European telecommunications, media and technology sector, aiming to acquire underperforming assets and enhance their operations to generate attractive shareholder returns. 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: 563,981

Technical Sentiment Signal: Buy

Current Market Cap: £3.74B

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