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Zegona Cancels 70,000 Shares as Buyback Programme Advances

Story Highlights
  • Zegona repurchased 70,000 shares under its buyback programme at an average 1,305.93 pence.
  • The cancelled shares reduce the share count to 758.4 million, slightly enhancing shareholder value metrics.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Zegona Cancels 70,000 Shares as Buyback Programme Advances

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

Zegona Communications has continued to execute its previously announced share buyback programme, repurchasing 70,000 ordinary shares on 22 December 2025 at a volume-weighted average price of 1,305.93 pence through broker Canaccord Genuity. The repurchased shares will be cancelled, reducing the company’s share count to 758,402,905 and setting the new total of voting rights at the same level, a move that marginally enhances earnings per share and may support shareholder value while providing an updated reference point for investors’ regulatory disclosure calculations under UK transparency rules.

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 is a London-listed investment company focused on the European telecommunications, media and technology sector, seeking to acquire underperforming assets and enhance their operations to generate stronger shareholder returns. Led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson, Zegona expanded its footprint in 2024 through the acquisition of Vodafone Spain, strengthening its position in the Southern European telecoms market.

Average Trading Volume: 459,319

Technical Sentiment Signal: Buy

Current Market Cap: £10.09B

Find detailed analytics on ZEG stock on TipRanks’ Stock Analysis page.

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