REG - Zegona Comms. - 69% Reduction in Zegona Ordinary Shares

Zegona CommunicationsAnnouncement

Wed 17:15

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RNS Number : 0559O  Zegona Communications PLC  07 January 2026

 7 January 2026  LEI: 213800ASI1VZL2ED4S65

Zegona Communications plc(1)

69% Reduction in Zegona Ordinary Shares

Zegona announces that, following the payment of the special dividend of
€1.4bn to all Zegona ordinary shareholders(2) 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
EJLSHM(3) (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.

 

   Investor enquiries:   Media enquiries:
   Alfonso Enríquez      Jaime De Andres            Tilly Abraham (Sodali & Co)
   info@zegona.com       jaime.andres@vodafone.com  zegona@info.sodali.com

 

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.

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