Zegona Communications plc

Notice of General Meeting

Following the announcement of Zegona's capital allocation proposal earlier today, Zegona has convened a General Meeting ("GM") at 9.00 a.m. on Monday 22 December 2025 to pass the resolution required to be able to implement that policy. A Circular to Shareholders (the "Circular") containing the Notice of GM has been posted today.  

Capitalised terms that are not defined in this announcement have the meanings given to them in the Circular.

General Meeting

Details of the Resolution to be put forward at the GM are set out in the Circular and include the following matters required to repay the Vodafone Financing from the acquisition of Vodafone Spain in full, and facilitate the reduction in share count by 69% by deferring and cancelling the 523m Zegona Shares held by EJLSHM Funding:

1.    Subject to the redemption of the Preference Shares of EJLSHM Funding, approving the creation of a class of Deferred Shares in respect of the Zegona Shares held by EJLSHM Funding under the Vodafone Financing arrangements;

2.    Waiving the requirement for six months' notice of the cancellation of the EJLSHM Funding shareholding; and

3.    Approving the buyback and cancellation of the Deferred Shares.

National Storage Mechanism

A copy of the Notice of General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

A copy of the Notice of General Meeting is also available on the Company's website at: https://www.zegona.com.

Further copies of the Circular may be obtained, free of charge, from the registered office of the Company.

About Zegona 

Zegona 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.