Zegona Communications Dividends - ZEG

Zegona Communications Dividends - ZEG

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Stock Name Stock Symbol Market Stock Type
Zegona Communications Plc ZEG London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 151.00 08:00:26
Open Price Low Price High Price Close Price Previous Close
151.00 150.50 151.00 151.00 151.00
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Industry Sector

Zegona Communications ZEG Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

red ninja: I hadn't anticipated a tender offer, the 2017 tender offer detailed here :- HTtps://www.investegate.co.uk/zegona-comm-plc--zeg-/rns/-140m-tender-offer-for-at-least--2.00-per-share/201708300700052390P/
eezymunny: Very close? hTtps://www.investegate.co.uk/zegona-comm-plc--zeg-/rns/notice-of-gm/202107291200019383G/
red ninja: Director buying possibly an indication money return is very close :- "Zegona Communications plc, LSE: ZEG announces that it was notified on 22 July 2021 by Mr Menno Kremer, Investment Director of the Company, that he had purchased 65,068 Ordinary Shares in the Company at a price of 146 pence per share on 22 July 2021. Mr Kremer's holding of Ordinary Shares in the Company totals 65,068 shares, representing approximately 0.0003% of the Company's issued share capital."
red ninja: There should also be a NAV of 5p per ZEG share after the 1.504 has been paid.
eezymunny: hTtps://uk.advfn.com/stock-market/london/zegona-communications-ZEG/share-news/Zegona-Communications-PLC-CNMV-Authorises-MasMovil/85533635
felix99: You have got to remember both MVI and ZEG mgt have their noses in the trough here before shareholders see any cash. Secondly you have no idea if the cash is to be returned or they use it for a new investment. Incentive Scheme Incentive scheme arrangements were put in place at Zegona's inception in 2015 to create incentives for Zegona's management team and for Marwyn as the original core shareholder of Zegona. Members of Zegona's management team have been issued Class A Ordinary Shares in the Company's subsidiary, Zegona Limited ("Management Shares") in connection with their employee arrangements and Marwyn was issued Class B Ordinary Shares ("Core Investor Shares"). Management Incentive arrangements The holders of the Management Shares are entitled to 15% of the growth in value of Zegona during a series of separate Calculation Periods, provided that ordinary shareholders achieve a 5% Preferred Return in each Calculation Period. The first Calculation Period began on 14 August 2015, with management having the right to redeem its Management Shares at any time between the third and fifth anniversaries of this date.
hugepants: This is what ZEG said in October; https://www.investegate.co.uk/zegona-comm-plc--zeg-/rns/zegona-s-market-value-per-share/202010080700044409B/ "At the Euskaltel share price of €9.03 on 30 September, Zegona's holding in Euskaltel, together with its current net cash position, is worth the equivalent of £1.46 per Zegona share2. This value is over 31% higher than Zegona's current share price of £1.113." Has anyone worked out a current estimate? The euro has drifted 5% versus sterling since that date. However ZEG shares are just 93.7p to buy now versus 1.113. The Eusklatel share price is only down about 1.5%. I reckon the value of the Eusklatel shares has increased to about 44% above the current value of ZEG.
rimau1: I’ve bought in here at 95p after watching for a while. Euskaltel results should be next week and I expect a good performance and bullish 2021 outlook with the Virgin tie up. Spain is tipe for consolidation and we may see Euskalyel get swallowed over the medium term. Maybe Zeg will announce another buyback programme, plenty of hidden value here IMO with a nice 5% dividend yield. Patience required though!
hugepants: "At the Euskaltel share price of €9.03 on 30 September, Zegona's holding in Euskaltel, together with its current net cash position, is worth the equivalent of £1.46 per Zegona share2. This value is over 31% higher than Zegona's current share price of £1.113." The discount must be bigger now. The above compares with the current situation ie. Euskaltel share price currently E9.18 and the ZEG share price is 105p. Note Euro/Sterling exchange rate is down 3% from 30 sept ZEG said this in the interims; "Zegona is fully aware that should it conclude it is no longer appropriate to retain its investment in Euskaltel, any material discount at which Zegona trades to the underlying value of its assets can be closed in a number of ways. These include, but are not limited to, the distribution in-specie of Zegona's interest in Euskaltel to its shareholders. Both the timing and process for any actions would be driven by what creates most value for shareholders. Zegona believes that, if it decides to monetise its Euskaltel stake, its greater than 21% ownership and lead shareholder status have strategic value, creating the potential to deliver a premium above the value of the individual shares."
red ninja: Nice Dividend :- "ZEGONA ANNOUNCES £4.8 million DIVIDEND PAYMENT - 4.5% Yield On 15 December 2020 Euskaltel shareholders approved a €0.14 per share dividend to be paid in February 2021. Zegona has committed to pass 100% of all Euskaltel dividends straight through to its shareholders so Zegona's Board of Directors has yesterday declared an interim dividend of 2.2 pence per share, equivalent to £4,817,342. In total, 4.8 pence per share, equivalent to £10,523,356, will have been paid to shareholders in the 12 months ending March 2021, equating to a dividend yield of 4.51% "
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