Zegona Communications plc (ZEG), the London-listed European telecoms investor that acquired Vodafone Spain for €5 billion in 2024, has disclosed the repurchase of 220,000 of its own ordinary shares during the week of 2 to 6 November 2026 as part of its share buyback programme launched on 24 September 2026. All trades were executed through Canaccord Genuity Limited on the London Stock Exchange's main market. The company intends to cancel the purchased shares, reducing the total shares in issue to 223,740,802 ordinary shares. Investors monitoring their notification obligations under FCA Disclosure Guidance and Transparency Rules should use this figure as the relevant denominator.

Key Points

  • Zegona Communications plc (ZEG), listed on the Main Market of the London Stock Exchange
  • Zegona repurchased 220,000 ordinary shares of 1 pence each between 2 and 6 November 2026 via Canaccord Genuity Limited
  • Volume weighted average price across the period was 1,800.38 pence per share; daily VWAPs ranged from 1,724.40p to 1,869.72p
  • Investors should watch for further weekly buyback disclosures as the September 2026 programme continues

Daily Breakdown of Zegona's 2–6 November 2026 Share Repurchases

The announcement sets out the precise daily figures across the five trading days. On 2 November, 40,000 shares were purchased at a volume weighted average price of 1,754.65 pence. The following day saw 50,000 shares acquired at an average of 1,804.56 pence, the second-highest daily volume of the period. On 4 November, activity was lighter at 30,000 shares and an average of 1,865.47 pence, the highest average of the week. Both 5 and 6 November saw 50,000 shares each purchased, at averages of 1,869.72 pence and 1,724.40 pence respectively, with 6 November recording the lowest average of the reporting period.

Canaccord Genuity Executes All 220,000 Trades Exclusively on the London Stock Exchange

All transactions were conducted on the XLON venue — the London Stock Exchange — with no alternative trading venues used during the period. The aggregate volume weighted average price across all 220,000 shares purchased was 1,800.38 pence per ordinary share. Individual trade sizes varied considerably, from as few as 264 shares in a single transaction on 3 November to blocks of 25,000 shares executed on both 2 and 5 November. The disclosures were made in accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 as applied in the UK under the Market Abuse Regulation.

Cancellation to Leave Zegona With 223,740,802 Shares and Voting Rights in Issue

Following cancellation of the repurchased ordinary shares, Zegona's total shares in issue will stand at 223,740,802, which also represents the total number of voting rights. This figure is material for shareholders and others with notification obligations, as it serves as the denominator when calculating whether interests in the company cross regulatory reporting thresholds under the FCA's Disclosure Guidance and Transparency Rules. The buyback programme itself was originally announced on 24 September 2026, though the total programme size and overall budget were not disclosed in this announcement.

Zegona's Strategic Focus on Vodafone Spain Following €5 Billion Acquisition

Zegona was established in 2015 by former Virgin Media executives Eamonn O'Hare and Robert Samuelson, with a mandate to invest in European Telecommunications, Media and Technology businesses. The company's most significant transaction to date was the €5 billion acquisition of Vodafone Spain, completed in 2024, which repositioned Zegona from a holding vehicle into an operating telecoms group with meaningful exposure to the Spanish market. The buyback programme signals ongoing capital allocation activity as the company continues to manage its balance sheet following that landmark transaction.