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Zegona Cancels Newly Repurchased Shares Under Ongoing Buyback Programme

Story Highlights
  • Zegona repurchased 130,000 shares on 13 January 2026 under its buyback programme.
  • The company will cancel these shares, leaving 234,231,302 voting rights in issue, potentially boosting EPS and investor confidence.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Zegona Cancels Newly Repurchased Shares Under Ongoing Buyback Programme

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The latest update is out from Zegona Communications ( (GB:ZEG) ).

Zegona Communications has continued executing its share buyback programme, repurchasing 130,000 ordinary shares on 13 January 2026 at a volume-weighted average price of 1,494.76 pence via Canaccord Genuity. The company plans to cancel these shares, reducing its share count and setting the total number of voting rights at 234,231,302, a move that can enhance earnings per share and may signal confidence in the company’s valuation to investors.

The most recent analyst rating on (GB:ZEG) stock is a Buy with a £2150.00 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 acquiring and improving businesses in the European telecommunications, media and technology sector to generate attractive shareholder returns. Founded in 2015 and led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson, Zegona expanded its footprint in 2024 through the acquisition of Vodafone Spain.

Average Trading Volume: 508,142

Technical Sentiment Signal: Buy

Current Market Cap: £3.15B

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

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