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Zegona Communications ( (GB:ZEG) ) has issued an announcement.
Zegona Communications has announced a special dividend of €1.4 billion, subject to shareholder approval, to settle Vodafone financing and reduce its ordinary shares by 69%. This move will result in a €440 million pro rata payment to other shareholders, impacting the company’s share structure and potentially enhancing shareholder value.
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, publicly listed on the Main Market of the London Stock Exchange, was established in 2015 to invest in businesses within the European Telecommunications, Media, and Technology sector, aiming to enhance their performance and deliver attractive shareholder returns. The company is led by former Virgin Media executives and completed the acquisition of Vodafone Spain in 2024.
Average Trading Volume: 430,907
Technical Sentiment Signal: Buy
Current Market Cap: £10.17B
See more data about ZEG stock on TipRanks’ Stock Analysis page.