04:33 AM EDT, 09/24/2026 (MT Newswires) -- Zegona Communications (ZEG.L) will return 400 million euros to shareholders through a 200 million-euro share buyback and a 200 million-euro ordinary dividend payout. The network-based communications and entertainment company said Thursday the buyback program will begin immediately. Meanwhile, it will declare the dividend for the fiscal year ending March 31, 2027, subject to shareholder approval. Both will be funded from the company's free cash flow. Zegona also announced a capital allocation framework that prioritizes investment in Vodafone Spain, targets net debt to EBITDAaL of 2.25x to 2.75x, and returns all free cash flow to shareholders over time.

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