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Zegona Cancels 70,000 Shares as Part of Ongoing Buyback Programme

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Zegona Cancels 70,000 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 recently announced share buyback programme, repurchasing 70,000 ordinary shares on 19 December 2025 via Canaccord Genuity at a volume-weighted average price of 1,327.93 pence. The company plans to cancel the repurchased shares, reducing the number of ordinary shares and voting rights in issue to 758,472,905, a move that marginally increases existing investors’ proportional stakes and signals ongoing capital management efforts following its strategic expansion in the European telecoms market.

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 Stock Exchange-listed investment company focused on the European telecommunications, media and technology sector. Founded in 2015 and led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson, Zegona aims to acquire and improve underperforming telecom and media assets to generate strong shareholder returns, and in 2024 it completed the acquisition of Vodafone Spain.

Average Trading Volume: 469,535

Technical Sentiment Signal: Buy

Current Market Cap: £10.09B

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

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