Business
69% Reduction in Zegona Ordinary Shares
Zegona Communications plc has completed the repayment of its Vodafone financing following a special dividend payment of €1.4 billion to ordinary shareholders. Consequently, the company will cancel 523,240,603 ordinary shares held by EJLSHM, reducing its share capital by 69%. This action will result in Zegona's issued ordinary share capital consisting of 234,742,302 ordinary shares of £0.01 each, effective from tomorrow morning. Disclaimer*
About this update from Zegona Communications Plc
[{"type":"text","content":"\n\n\n\n\n\n7 January 2026\n\n\nLEI: 213800ASI1VZL2ED4S65\n\n\n\n\nZegona Communications plc1\n69% Reduction in Zegona Ordinary Shares\nZegona announces that, following the payment of the special dividend of €1.4bn to all Zegona ordinary shareholders2 today, it has completed the repayment of the Vodafone financing in full.\nAs a result, Zegona will cancel the 523,240,603 Zegona ordinary shares held by EJLSHM3 4 and reduce its share capital by 69%. Zegona has notified the Financial Conduct Authority so those shares will be removed from the Official List, and notified the London Stock Exchange to cancel trading of those shares. Therefore, Zegona's issued ordinary share capital will consist of 234,742,302 ordinary shares of £0.01 each, from 8.00 a.m. tomorrow.\n \n\n\n\n\n Investor enquiries:\n\n\nMedia enquiries:\n\n\n \n\n\n\n\n Alfonso Enríquez\n\nJaime De Andres\n\nTilly Abraham (Sodali & Co)\n\n\n\n\n [email protected]\n\n\[email protected]\n\n\[email protected]\n\n\n\n\n \nAbout Zegona \n\nZegona is publicly listed on the Main Market of the LSE. It was established in 2015 with the objective of investing in businesses in the European Telecommunications, Media and Technology sector and improving their performance to deliver attractive shareholder returns. Zegona is led by former Virgin Media executives Eamonn O'Hare and Robert Samuelson. In 2024, Zegona completed the acquisition of Vodafone Spain. \nNotes\n1. 'Zegona'\n2. €1,413,522,092.60 equal to €1.8632 per share, equivalent to £1.62098 per share based on EUR/GBP FX rate of 0.87.\n3. EJLSHM Funding Limited \n4. Zegona will re-designate the Zegona shares held by EJLSHM as non-voting deferred shares with negligible economic rights. This will reduce Zegona's ordinary share count by 523,240,603 shares. The deferred shares will be bought back for £1 in aggregate and cancelled. Full detail on the rights of the deferred shares is set out in the resolution approved at the Company's General Meeting on 22 December 2025.\n\n","length":4291,"tagName":"div"}]