Zegona Cancels Newly Repurchased Shares as Buyback Programme Advances

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

Zegona Communications has continued its share buyback programme with the repurchase of 72,000 ordinary shares on 11 February 2026 at a volume-weighted average price of 1,677.57 pence. The company intends to cancel these shares, reducing its share count and potentially enhancing earnings per share and capital allocation efficiency for investors.

Following the cancellation, Zegona’s total shares in issue and voting rights will stand at 232,193,302, a figure that investors can now use as the new baseline for regulatory disclosure thresholds. The move underscores the company’s ongoing commitment to returning capital to shareholders and may signal management’s confidence in Zegona’s valuation and strategic direction after its expansion in the European telecoms market.

The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1784.00 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 is a publicly listed investment company on the London Stock Exchange focused on the European telecommunications, media and technology sector. Established in 2015 and led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson, it seeks to acquire underperforming assets and enhance their performance, most recently completing the acquisition of Vodafone Spain in 2024.

Average Trading Volume: 638,498

Technical Sentiment Signal: Buy

Current Market Cap: £3.79B

See more insights into ZEG stock on TipRanks’ Stock Analysis page.