Zegona Cancels 80,000 Shares as Buyback Programme Advances

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

Zegona Communications has continued to execute its share buyback programme, repurchasing 80,000 ordinary shares on 15 January 2026 via Canaccord Genuity at a volume-weighted average price of 1,571.25 pence per share. The company intends to cancel these shares, reducing the number of ordinary shares in issue and the total voting rights to 233,981,302, a move that is likely to enhance earnings per share and consolidate existing shareholders’ relative ownership stakes while providing a clearer reference point for regulatory disclosure thresholds.

The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1667.00 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 plc is a London-listed investment company focused on the European telecommunications, media and technology sector, aiming to acquire underperforming assets and enhance their performance to generate attractive shareholder returns. Led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson, Zegona notably expanded its footprint in 2024 by completing the acquisition of Vodafone Spain, strengthening its presence in the European telecoms market.

Average Trading Volume: 548,772

Technical Sentiment Signal: Buy

Current Market Cap: £3.67B

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