Zegona Cancels 80,000 Shares Under Ongoing Buyback Programme

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

Zegona Communications has repurchased 80,000 of its own ordinary shares under its ongoing share buyback programme, executed via Canaccord Genuity at a volume-weighted average price of 1,339.43 pence per share. The company plans to cancel these shares, reducing its total shares in issue and voting rights to 234,476,302, a move that tightens the share capital base and may enhance earnings per share while providing a new reference point for investors and regulators assessing ownership thresholds under UK disclosure rules.

The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1438.00 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 and improve underperforming assets to generate attractive shareholder returns. Led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson, the group expanded its portfolio in 2024 with the acquisition of Vodafone Spain, strengthening its operational footprint in the European telecoms market.

Average Trading Volume: 494,550

Technical Sentiment Signal: Buy

Current Market Cap: £3.15B

For a thorough assessment of ZEG stock, go to TipRanks’ Stock Analysis page.