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On 7 January 2026, Zegona Communications plc announced it paid a special dividend of €1.4bn and completed the full repayment of Vodafone financing. Consequently, Zegona will cancel 523,240,603 ordinary shares held by EJLSHM Funding Limited, reducing its share capital by 69%. The company notified the Financial Conduct Authority and London Stock Exchange, resulting in an issued ordinary share capital of 234,742,302 shares of £0.01 each from 8.00 a.m. on 8 January 2026.
| Date | 7 Jan 2026 |
| Time | 17:06:49 |
| Category | Miscellaneous |
| ID | 0559O |
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7 January 2026 |
LEI: 213800ASI1VZL2ED4S65 |
Zegona Communications plc1
69% Reduction in Zegona Ordinary Shares
Zegona 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.
As 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.
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Investor enquiries: |
Media enquiries: |
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Alfonso Enríquez |
Jaime De Andres |
Tilly Abraham (Sodali & Co) |
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.
Notes
1. 'Zegona'
2. €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.
3. EJLSHM Funding Limited
4. 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.