69% Reduction in Zegona Ordinary Shares

Summary by AI ^BETAClose X

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*

Zegona Communications PLC

07 January 2026

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.

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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