Liberty Global Ltd. SEC Filings

Wolf Hill Capital Management, LP and related entities reported significant beneficial ownership in Liberty Global Ltd. common stock. As of 06/30/2026, Wolf Hill Capital Management and Gary Lehrman each reported beneficial ownership of 11,904,948 shares, representing 6.8% of the common stock, all through shared voting and dispositive power. Wolf Hill General Partner, LLC reported beneficial ownership of 11,031,769 shares, representing 6.3%, also solely through shared voting and dispositive power. None of the reporting persons has sole voting or dispositive power over any shares.

Liberty Global Holding B.V. (“Ziggo Group”), a subsidiary of Liberty Global Ltd., completed the acquisition on July 31, 2026 of Vodafone’s 50% stake and related shareholder loans in VodafoneZiggo Group Holding B.V. from Vodafone Europe B.V. and Vodafone International 1 S.à r.l.

Aggregate consideration consisted of €1.0 billion in cash, subject to locked-box leakage adjustments, plus newly issued Class B ordinary shares representing 10% of Ziggo Group’s issued share capital. After closing, Ziggo Group owns 100% of the VodafoneZiggo group and Vodafone holds a minority equity stake in Ziggo Group.

A new Shareholders’ Agreement sets post-closing governance, minority protections, transfer restrictions and board rights, including a Vodafone right to appoint one supervisory board director if the planned spin-off and Euronext Amsterdam listing of Ziggo Group (the “Spin Transaction”) has not occurred within 18 months. Required financial statements and pro forma information for the acquisition will be provided by amendment within 71 days.

Liberty Global Ltd. has completed the acquisition of Vodafone Group’s 50% stake in VodafoneZiggo, giving it effective control of the Benelux telecom assets that will form Ziggo Group. Vodafone received approximately €1.0 billion in cash and a 10% equity interest in Ziggo Group, with Liberty Global holding the remaining 90%.

Ziggo Group is described as a Benelux connectivity platform with 13 million customers and €6.6 billion of 2025 revenue, combining VodafoneZiggo in the Netherlands and Telenet in Belgium and Luxembourg. Liberty Global plans to spin off its 90% Ziggo Group stake to shareholders and pursue a listing on Euronext Amsterdam in 2027, a transaction intended to be tax free for U.S. shareholders, subject to board, SEC and shareholder approvals and other customary conditions.

Capital structures around these assets have been reshaped: Wyre has drawn €2.71 billion from a €4.35 billion bank facility, funding a €398 million dividend and repayment of a €1.98 billion intercompany loan to Telenet, which then repaid €2.12 billion of its own debt. Further €1.2–1.4 billion of planned asset disposals across Ziggo Group are earmarked for additional debt retirement.

Liberty Global Ltd. has authorized management to conduct share repurchases of its Class A and Class C common shares from time to time. Management may repurchase shares when it believes doing so is consistent with the company’s capital allocation priorities, considering market conditions, expected cash proceeds and other factors.

The company states it does not anticipate making more than $200 million in selective repurchases over any twelve-month period under this authorization, and the board may separately authorize additional repurchase programs. Repurchases may occur via open market purchases, privately negotiated transactions, block trades or other methods, including transactions under Rule 10b5-1 trading plans and in accordance with Rule 10b-18 under the Exchange Act.

Liberty Global Ltd. reported Q2 2026 total consolidated revenue of $1,172.0 million, down 7.7% year over year on a reported basis, with rebased revenue down 6.0%. The group posted a consolidated net loss of $357.8 million, a substantial improvement from a $2,773.8 million loss a year earlier. Total consolidated Adjusted EBITDA was $324.9 million, down 3.1%.

Year‑to‑date, Adjusted EBITDA rose to $691.4 million, while Liberty Global achieved about $1.2 billion of asset monetizations, including roughly $900 million of Liberty Growth disposals and a ~$340 million asset‑backed loan on its Wyre stake. Management raised the year‑end corporate cash target from approximately $1.5 billion to ~$2.0 billion.

Key operating units showed mixed trends. Telenet grew Adjusted EBITDA to $197.0 million despite lower revenue, and VodafoneZiggo returned to positive broadband net adds with Q2 revenue of $1,133.7 million. Virgin Media O2 revenue fell 4.5% to $3,220.3 million, but Adjusted EBITDA inched up and Adjusted EBITDA less P&E additions increased strongly. Consolidated liquidity was $3,246.1 million against total debt and finance leases of $8,414.6 million as of June 30, 2026. The company highlighted continued progress toward a planned Ziggo Group spin‑off in 2027 and the pending acquisition of Vodafone’s 50% stake in VodafoneZiggo.

Liberty Global Ltd., a European broadband and mobile provider, reported Q2 2026 revenue of $1,172.0 million, down from $1,269.1 million a year earlier. Operating income was $3.0 million, and the net loss attributable to shareholders was $365.1 million (basic EPS $(1.07)), substantially less negative than the prior-year quarter.

For the first half of 2026, revenue was $2,446.6 million and net earnings were $0.4 million, compared with a $4,097.1 million loss in 2025, helped by $150.4 million of gains on derivatives, $307.6 million of net foreign currency gains and $213.2 million of investment fair value gains. Share of results of affiliates remained negative at $(311.6) million.

At June 30 2026, total assets were $21,532.5 million, including cash and cash equivalents of $2,418.6 million; total debt and finance leases were $8,350.3 million. Operating cash flow for the first half was $338.5 million with net capital expenditures of $745.5 million, partly funded by asset sales such as EdgeConneX and UPC Slovakia. Liberty Global also agreed to acquire Vodafone’s 50% interest in the VodafoneZiggo JV for €1.0 billion in cash plus a 10% stake in a new Benelux holding company, with closing expected no later than July 31 2026.

Liberty Global Ltd. director Paul A. Gould reported compensation-related equity activity involving both Class A and Class C instruments. He exercised previously granted Restricted Share Units, receiving 5,809 Class A common share equivalents and 5,809 Class C common share equivalents via corresponding share fund units under the Director Deferred Compensation Plan.

Following these exercises, Gould held 42,790 Class C share fund units and 27,752 Class A share fund units directly. He also received new grants of share options covering 12,812 Class C common shares at an exercise price of $10.78 and 12,812 Class A common shares at $11.21, each expiring in 2036 and vesting in three annual installments starting on the issuer’s 2027 annual general meeting. In addition, he was awarded 5,230 new Restricted Share Units for each of Class A and Class C, which will vest in full on the date of the issuer’s 2027 annual general meeting. The filing shows no open-market purchases or sales, only option and RSU grants and exercises as part of director compensation.

Liberty Global Ltd. director Daniel E. Sanchez reported equity compensation changes. On June 23, 2026, he exercised vested Restricted Share Units, receiving 5,809 Class C common shares and 5,809 Class A common shares. After these conversions, he directly holds 15,876 Class C shares and 12,509 Class A shares.

He also received new awards: options for 12,812 Class C shares at an exercise price of $10.78 per share and options for 12,812 Class A shares at $11.21 per share, both expiring on June 23, 2036. In addition, he was granted 5,230 Class C and 5,230 Class A Restricted Share Units that vest in full on the date of Liberty Global’s 2027 annual general meeting.

Liberty Global Ltd. director Andrew Cole reported several equity compensation transactions. He exercised 5,809 Class A and 5,809 Class C Restricted Share Units (RSUs) at $0.00, increasing his direct holdings to 24,989 Class A and 45,746 Class C common shares.

Cole also received new equity awards: share options over 12,812 Class A shares at $11.21, options over 12,812 Class C shares at $10.78, and 5,230 new RSUs in each of Class A and Class C. The RSUs vest in full at the issuer’s 2027 annual general meeting, while the options vest in three equal annual installments starting at that meeting and run to June 23, 2036. The filing also notes an indirect holding of 32 Class A shares by his daughter, with beneficial ownership disclaimed.