Zegona shareholders approve EUR1.4 billion special dividend

(Alliance News) - Zegona Communications PLC on Monday said shareholders have approved a special resolution paving the way for a EUR1.4 billion special dividend and a sharp reduction in its share count.

At a general meeting, investors of the London-based investor in European telecommunications and media, backed a 69% reduction in Zegona's ordinary shares, with 99% of votes cast in favour.

The approval clears the payment of the special dividend, which will be paid on January 7 to shareholders on the register last Friday. The shares went ex-dividend on last Thursday.

Of the EUR1.4 billion distribution, EUR975 million will be paid to settle Vodafone-related financing in full. In 2024, Zegona completed the acquisition of Vodafone Spain.

Zegona shares were down 1.9% at 1,305.00 pence in London on Monday morning.

By Eva Castanedo, Alliance News reporter

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