Zegona Communications Plc

0.00 (0.0%)
Share Name Share Symbol Market Stock Type
Zegona Communications Plc ZEG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.0% 49.00 08:00:00
Open Price Low Price High Price Close Price Previous Close
49.00 49.00 49.00 49.00 49.00
more quote information »
Industry Sector

Zegona Communications ZEG Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date

Top Dividend Posts

Top Posts
Posted at 29/10/2021 15:24 by skyship
Red Ninja - most remiss of me - thnx for that.

So ZEG actually did well twice. Redeemed via tender 99.8% @ 200p (Oct'17); then c15months later (Jan'19) went around for a 2nd time:

"A total of 95,715,728 ordinary shares of GBP0.01 each in the equity capital of Zegona (the "Placing Shares") have been placed by Barclays Bank PLC, acting through its investment bank ("Barclays") and Oakley Advisory Limited ("Oakley") at a price of 105 pence per Placing Share (the "Placing Price"), raising gross proceeds of approximately GBP100.5 million. The Placing Shares being issued represent approximately 75.8 per cent. of Zegona's issued ordinary share capital prior to the Placing.

The Placing Price of 105 pence each represents a discount of 12.5 per cent. to the middle market price at the time at which Zegona and Barclays and Oakley agreed the Placing Price."

Posted at 29/10/2021 11:29 by red ninja
Mmm, that is not strictly accurate.

Zegonna started with Telecable and sold that to Euskatel.

On selling Telecable it announced a £2 tender offer for shareholders which was 99.8% taken uo.

It went on to raise new funds and took up a stake in Euskatel which it further increased.
It has also examined other potential investments in the past.

So Euskatel was it's second deal and it looks like it will do a third.

I agree timing of when to buy in would see you maximise your profits here.


Posted at 29/10/2021 10:34 by skyship
"What was their track record like before the Euskaltel takeover?"

ZEG was a single purchase shell for Euskatel. It paid off rather well...eventually; and I think only for those who joined the game late.

Posted at 29/10/2021 07:42 by skyship
Galles - see the RNSs of 15/10 & 26/10. Management have just subscribed for 15.9% of where we are now at 143.8p (They now hold 17.9%) - the underlying NAV, which is all cash:



Posted at 21/10/2021 16:25 by eezymunny
Zeg can usually be bought at a big discount: A round pound or below might start to entice me...
Posted at 19/10/2021 13:44 by cerrito
I am with Barclays and have yet to receive my ZEG proceeds. They are not bad with dividends but tend to struggle with situations like this.
Posted at 29/3/2021 10:26 by 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.

Posted at 12/3/2021 16:20 by hugepants
This is what ZEG said in October;

"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.

Posted at 22/1/2021 16:00 by 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."

Posted at 21/12/2020 16:37 by red ninja
Nice Dividend :-

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%

Your Recent History
Zegona Com..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 | support@advfn.com

V: D: 20230610 17:48:46