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Zegona Cancels 40,000 Shares as Part of Ongoing Buyback Programme

Story Highlights
  • Zegona repurchased 40,000 shares on 23 December under its ongoing buyback programme.
  • The bought-back shares will be cancelled, reducing share count to 758.36 million outstanding.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Zegona Cancels 40,000 Shares as Part of Ongoing Buyback Programme

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Zegona Communications ( (GB:ZEG) ) just unveiled an update.

Zegona Communications has continued to execute its share buyback programme, repurchasing 40,000 ordinary shares on 23 December 2025 at a volume-weighted average price of 1,316.65 pence per share through Canaccord Genuity. The company intends to cancel these shares, reducing the number of ordinary shares and voting rights in issue to 758,362,905, a move that marginally enhances earnings per share and may support the share price while adjusting the free float and ownership percentages for existing investors.

The most recent analyst rating on (GB:ZEG) stock is a Buy with a £18.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.

More about Zegona Communications

Zegona Communications plc 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. Founded in 2015 and led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson, Zegona expanded its portfolio in 2024 with the acquisition of Vodafone Spain, strengthening its presence in the European telecoms market.

Average Trading Volume: 459,319

Technical Sentiment Signal: Buy

Current Market Cap: £10.09B

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

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