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Zegona Communications ( (GB:ZEG) ) has provided an announcement.
Zegona Communications has completed the repayment of its Vodafone-related financing in full following the payment of a €1.4 billion special dividend to its ordinary shareholders. As part of the transaction structure, the company will cancel 523,240,603 ordinary shares held by EJLSHM Funding Limited, effectively reducing its ordinary share capital by 69% and leaving 234,742,302 ordinary shares in issue from tomorrow, a move that significantly reshapes its capital structure and may enhance capital efficiency for remaining investors.
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 publicly listed investment company on the London Stock Exchange focused on the European telecommunications, media and technology sector. Founded in 2015 and led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson, it aims to acquire underperforming assets, enhance their operations and deliver strong shareholder returns; in 2024 it completed the acquisition of Vodafone Spain, expanding its presence in the European telecoms market.
Average Trading Volume: 480,703
Technical Sentiment Signal: Buy
Current Market Cap: £10.12B
See more insights into ZEG stock on TipRanks’ Stock Analysis page.