Mission and Vision

Zegona was established with the objective of acquiring businesses in the European Telecommunications, Media and Technology sector with a ‘Buy-Fix-Sell’ strategy to deliver attractive shareholder returns. The first of such opportunities was the acquisition of Telecable, the cable telecommunications operator in the Asturias region of Spain, which completed on 14 August 2015. The Directors believe Telecable represented a compelling investment because of, among other factors, Telecable’s market leading position and strong cash generation, coupled with attractive dynamics in the Spanish telecommunications market and Spanish economy more broadly. The Directors have also identified and are implementing certain strategic actions which they believe can create additional value within the Telecable business.

The Company’s strategy is to seek to provide Shareholders with an attractive total return, primarily through appreciation in the value of the Company’s assets. The Directors believe that opportunities exist to create significant value for Shareholders through a properly executed ‘Buy-Fix-Sell’ strategy being applied to selected assets within the European network-based communication and entertainment services sector.

The Directors intend to make further acquisitions which the Directors believe could create a combined business with an enterprise value in the range of £1-3 billion.

Zegona’s shares were admitted to trading on AIM on 19 March 2015 and were subsequently admitted to trading on the London Stock Exchange Main Market for listed securities on 29 September 2015.