Vodafone Group (NASDAQ: VOD) sets 2029 targets in new share awards

Rhea-AI Filing Summary

Vodafone Group Plc reports that on 30 July 2026 it granted Global Long-Term Incentive performance share awards and Market Value Share Options to several Persons Discharging Managerial Responsibilities, including the Chief Executive and Group Chief Financial Officer, under the Vodafone Global Incentive Plan 2023.

The GLTI awards are conditional on continued employment and on performance over a three-year period ending 31 March 2029, with an adjusted Free Cash Flow range of €8.7bn (threshold) to €10.3bn (maximum) and ESG objectives of 39% women in management and an 81.5% reduction in Scope 1 and 2 emissions versus a FY20 baseline. Subject to Remuneration Committee approval, vesting is expected on 30 July 2029 and dividend equivalents will accrue.

For example, CEO Margherita Della Valle received a conditional grant of 4,070,955 ordinary shares and 4,885,147 options, while CFO Pilar López received 2,053,176 shares and 2,463,813 options. All options carry an exercise price of £1.1123 per share, were granted for nil consideration and were recorded as transactions conducted outside a trading venue.

Key Figures

Adjusted Free Cash Flow threshold: €8.7bn Adjusted Free Cash Flow maximum: €10.3bn Women in management target: 39% +5 more

8 metrics

Adjusted Free Cash Flow threshold €8.7bn Lower end of GLTI performance range for three-year period to 31 March 2029

Adjusted Free Cash Flow maximum €10.3bn Upper end of GLTI performance range for three-year period to 31 March 2029

Women in management target 39% Representation in management by 31 March 2029 under GLTI ESG conditions

Scope 1 and 2 emissions reduction 81.5% Reduction versus FY20 baseline by 31 March 2029 under GLTI ESG conditions

MVSO exercise price £1.1123 Exercise price per share for options granted on 30 July 2026

CEO GLTI shares granted 4,070,955 Conditional performance shares granted to CEO Margherita Della Valle

CEO options granted 4,885,147 Share options granted to CEO under Market Value Share Options award

CFO GLTI shares granted 2,053,176 Conditional performance shares granted to Group Chief Financial Officer

Key Terms

Global Long-Term Incentive, Market Value Share Options, Persons Discharging Managerial Responsibilities, Scope 1 and 2 emissions, +2 more

6 terms

Global Long-Term Incentive financial

"were granted Global Long-Term Incentive (GLTI) performance shares"

Market Value Share Options financial

"were granted Global Long-Term Incentive (GLTI) performance shares and Market Value Share Options"

Persons Discharging Managerial Responsibilities regulatory

"Vodafone announces that the following Persons Discharging Managerial Responsibilities"

Persons Discharging Managerial Responsibilities are the key people in a company who make big decisions, like top managers or executives. Knowing who they are is important because their actions can influence the company’s success or failure, and they are often required to share information about their dealings to ensure transparency for investors and the public.

Scope 1 and 2 emissions technical

"81.5% reduction in Scope 1 and 2 emissions versus a FY20 baseline"

Scope 1 and 2 emissions are the greenhouse gases a company produces directly (scope 1) — for example from company-owned vehicles or factories — and the emissions tied to the energy it buys, like electricity or steam (scope 2). Think of scope 1 as the smoke from your own campfire and scope 2 as the pollution from the power plant supplying your home. Investors watch these metrics because they reveal operational carbon risk, potential regulatory or cost exposure, and reputation factors that can affect future profits.

Dividend equivalents financial

"The GLTI awards also attract dividend equivalents"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

Market Abuse Regulation regulatory

"notifications are made in accordance with DTR 3.1.2-A, incorporating article 19(1) of the Market Abuse Regulation"

Market abuse regulation consists of laws and rules designed to prevent dishonest or manipulative practices in financial markets. It aims to ensure fair and transparent trading, so investors can trust that markets operate honestly, much like rules that keep a game fair. By reducing unfair advantages, it helps protect investor confidence and promotes healthy, efficient markets.

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FAQ

What executive share awards did Vodafone Group (VOD) grant in July 2026?

Vodafone granted Global Long-Term Incentive performance shares and Market Value Share Options on 30 July 2026 to multiple senior executives, including the Chief Executive and Group CFO. Awards are conditional on continued employment and, for the GLTI, on meeting financial and ESG performance conditions to March 2029.

What performance conditions apply to Vodafone (VOD) GLTI awards granted in 2026?

The GLTI is tied to adjusted Free Cash Flow of €8.7bn–€10.3bn over a three-year period ending 31 March 2029 and to ESG goals. These include 39% women in management and an 81.5% reduction in Scope 1 and 2 emissions versus an FY20 baseline by 31 March 2029.

When will Vodafone (VOD) 2026 GLTI executive awards vest?

Vodafone states that, subject to Remuneration Committee approval, the GLTI awards will vest on 30 July 2029. Vesting depends on executives remaining employed within the Vodafone Group and achieving the specified financial and ESG performance conditions over the three-year performance period.

How many GLTI shares and options did Vodafone (VOD) CEO Margherita Della Valle receive?

The CEO received a conditional grant of 4,070,955 GLTI performance shares and 4,885,147 share options on 30 July 2026. The options form part of the Market Value Share Options award and are exercisable at £1.1123 per share, granted for nil consideration.

What ESG targets are embedded in Vodafone (VOD) 2026 long-term incentives?

The GLTI embeds ESG goals of 39% women in management and an 81.5% reduction in Scope 1 and 2 emissions versus an FY20 baseline, both targeted by 31 March 2029. These ESG measures sit alongside adjusted Free Cash Flow performance conditions for vesting.

What is the exercise price of Vodafone (VOD) Market Value Share Options granted in 2026?

All Market Value Share Options granted on 30 July 2026 carry an exercise price of £1.1123 per share. The options were granted for nil consideration, form part of the Vodafone Global Incentive Plan 2023, and are linked to continued employment and performance frameworks.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULES 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

Dated July 31, 2026

Commission File Number: 001-10086

VODAFONE GROUP

PUBLIC LIMITED COMPANY

(Translation of registrant’s name into English)

VODAFONE HOUSE, THE CONNECTION, NEWBURY, BERKSHIRE, RG14 2FN, ENGLAND

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ✓ Form 40-F _

This Report on Form 6-K contains a Stock Exchange Announcement dated 31 July 2026 entitled "Director/PDMR Shareholding".

31 July 2026

Notification of Transactions of Persons Discharging Managerial Responsibilities

Vodafone Group Plc ("Vodafone") announces that the following Persons Discharging Managerial Responsibilities ("PDMRs") were granted Global Long-Term Incentive (GLTI) performance shares and Market Value Share Options (MVSO) on 30 July 2026 under the Vodafone Global Incentive Plan. The vesting of both awards is conditional on continued employment with the Vodafone Group and, for the GLTI, on satisfaction of performance conditions for the three-year performance period ending on 31 March 2029. These conditions will be reviewed and, subject to approval by the Remuneration Committee, will vest on 30 July 2029 unless otherwise stated.

The underlying performance conditions for the GLTI include an adjusted Free Cash Flow range of €8.7bn (threshold) to €10.3bn (maximum) and ESG ambitions of 39% representation in women in management by 31 March 2029 and 81.5% reduction in Scope 1 and 2 emissions versus a FY20 baseline by 31 March 2029.

The tables below sets out the maximum number of GLTI shares granted and these will be reduced accordingly if the Company achieves less than maximum performance. The GLTI awards also attract dividend equivalents.

For the MVSO award, share options will have an exercise price of £1.1123 and the number of options granted to each participant is outlined below.  No consideration was paid for the grant of these awards.  Further details on how the number of options were calculated can be found in the 2026 Directors' Remuneration Report.

The following notifications are made in accordance with DTR 3.1.2-A, incorporating article 19(1) of the Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Margherita Della Valle
2	Reason for the notification
a)	Position/status	Vodafone Group Chief Executive
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Vodafone Group Plc
b)	LEI	213800TB53ELEUKM7Q61
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc (ISIN: GB00BH4HKS39)
b)	Nature of the transaction	Grant of conditional award under the Vodafone Global Incentive Plan 2023, based on Group performance.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	4,070,955
d)	Aggregated information	Aggregated volume of shares granted: 4,070,955 Aggregated price of shares granted: GBP nil
e)	Date of the transaction	2026-07-30
f)	Place of the transaction	Outside a trading venue
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Options over ordinary shares of US$0.20 20/21 each in Vodafone Group Plc (ISIN: GB00BH4HKS39)
b)	Nature of the transaction	Grant of share options under the Vodafone Global Incentive Plan 2023 with an exercise price per share of £1.1123.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	4,885,147
d)	Aggregated information	Aggregated volume of options granted: 4,885,147 Aggregated price of options granted: GBP nil
e)	Date of the transaction	2026-07-30
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Pilar López
2	Reason for the notification
a)	Position/status	Group Chief Financial Officer
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Vodafone Group Plc
b)	LEI	213800TB53ELEUKM7Q61
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc (ISIN: GB00BH4HKS39)
b)	Nature of the transaction	Grant of conditional award under the Vodafone Global Incentive Plan 2023, based on Group performance.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	2,053,176
d)	Aggregated information	Aggregated volume of shares granted: 2,053,176 Aggregated price of shares granted: GBP nil
e)	Date of the transaction	2026-07-30
f)	Place of the transaction	Outside a trading venue
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Options over ordinary shares of US$0.20 20/21 each in Vodafone Group Plc (ISIN: GB00BH4HKS39)
b)	Nature of the transaction	Grant of share options under the Vodafone Global Incentive Plan 2023 with an exercise price per share of £1.1123.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	2,463,813
d)	Aggregated information	Aggregated volume of options granted: 2,463,813 Aggregated price of options granted: GBP nil
e)	Date of the transaction	2026-07-30
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Marika Auramo
2	Reason for the notification
a)	Position/status	CEO Vodafone Business
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Vodafone Group Plc
b)	LEI	213800TB53ELEUKM7Q61
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc (ISIN: GB00BH4HKS39)
b)	Nature of the transaction	Grant of conditional award under the Vodafone Global Incentive Plan 2023, based on Group performance.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	1,434,863
d)	Aggregated information	Aggregated volume of shares granted: 1,434,863 Aggregated price of shares granted: GBP nil
e)	Date of the transaction	2026-07-30
f)	Place of the transaction	Outside a trading venue
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Options over ordinary shares of US$0.20 20/21 each in Vodafone Group Plc (ISIN: GB00BH4HKS39)
b)	Nature of the transaction	Grant of share options under the Vodafone Global Incentive Plan 2023 with an exercise price per share of £1.1123.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	1,721,837
d)	Aggregated information	Aggregated volume of options granted: 1,721,837 Aggregated price of options granted: GBP nil
e)	Date of the transaction	2026-07-30
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Guillaume Boutin
2	Reason for the notification
a)	Position/status	CEO Vodafone Investments and Strategy
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Vodafone Group Plc
b)	LEI	213800TB53ELEUKM7Q61
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc (ISIN: GB00BH4HKS39)
b)	Nature of the transaction	Grant of conditional award under the Vodafone Global Incentive Plan 2023, based on Group performance.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	1,762,113
d)	Aggregated information	Aggregated volume of shares granted: 1,762,113 Aggregated price of shares granted: GBP nil
e)	Date of the transaction	2026-07-30
f)	Place of the transaction	Outside a trading venue
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Options over ordinary shares of US$0.20 20/21 each in Vodafone Group Plc (ISIN: GB00BH4HKS39)
b)	Nature of the transaction	Grant of share options under the Vodafone Global Incentive Plan 2023 with an exercise price per share of £1.1123.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	2,114,537
		d)	Aggregated information	Aggregated volume of options granted: 2,114,537 Aggregated price of options granted: GBP nil
e)	Date of the transaction	2026-07-30
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Maaike de Bie
2	Reason for the notification
a)	Position/status	Group General Counsel and Company Secretary
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Vodafone Group Plc
b)	LEI	213800TB53ELEUKM7Q61
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc (ISIN: GB00BH4HKS39)
b)	Nature of the transaction	Grant of conditional award under the Vodafone Global Incentive Plan 2023, based on Group performance.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	1,422,276
d)	Aggregated information	Aggregated volume of shares granted: 1,422,276 Aggregated price of shares granted: GBP nil
e)	Date of the transaction	2026-07-30
f)	Place of the transaction	Outside a trading venue
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Options over ordinary shares of US$0.20 20/21 each in Vodafone Group Plc (ISIN: GB00BH4HKS39)
b)	Nature of the transaction	Grant of share options under the Vodafone Global Incentive Plan 2023 with an exercise price per share of £1.1123.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	1,706,733
d)	Aggregated information	Aggregated volume of options granted: 1,706,733 Aggregated price of options granted: GBP nil
e)	Date of the transaction	2026-07-30
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ahmed Essam
2	Reason for the notification
a)	Position/status	Executive Chairman Vodafone Germany and CEO European Markets
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Vodafone Group Plc
b)	LEI	213800TB53ELEUKM7Q61
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc (ISIN: GB00BH4HKS39)
b)	Nature of the transaction	Grant of conditional award under the Vodafone Global Incentive Plan 2023, based on Group performance.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	2,265,575
d)	Aggregated information	Aggregated volume of shares granted: 2,265,575 Aggregated price of shares granted: GBP nil
e)	Date of the transaction	2026-07-30
f)	Place of the transaction	Outside a trading venue
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Options over ordinary shares of US$0.20 20/21 each in Vodafone Group Plc (ISIN: GB00BH4HKS39)
b)	Nature of the transaction	Grant of share options under the Vodafone Global Incentive Plan 2023 with an exercise price per share of £1.1123.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	2,718,691
d)	Aggregated information	Aggregated volume of options granted: 2,718,691 Aggregated price of options granted: GBP nil
e)	Date of the transaction	2026-07-30
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Shameel Joosub
2	Reason for the notification
a)	Position/status	CEO Vodacom Group
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Vodafone Group Plc
b)	LEI	213800TB53ELEUKM7Q61
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc (ISIN: GB00BH4HKS39)
b)	Nature of the transaction	Grant of conditional award under the Vodafone Global Incentive Plan 2023, based on Group performance.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	461,186
d)	Aggregated information	Aggregated volume of shares granted: 461,186 Aggregated price of shares granted: GBP nil
e)	Date of the transaction	2026-07-30
f)	Place of the transaction	Outside a trading venue
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Options over ordinary shares of US$0.20 20/21 each in Vodafone Group Plc (ISIN: GB00BH4HKS39)
b)	Nature of the transaction	Grant of share options under the Vodafone Global Incentive Plan 2023 with an exercise price per share of £1.1123.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	553,424
d)	Aggregated information	Aggregated volume of options granted: 553,424 Aggregated price of options granted: GBP nil
e)	Date of the transaction	2026-07-30
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ruth McGill
2	Reason for the notification
a)	Position/status	Chief Human Resources Officer
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Vodafone Group Plc
b)	LEI	213800TB53ELEUKM7Q61
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc (ISIN: GB00BH4HKS39)
b)	Nature of the transaction	Grant of conditional award under the Vodafone Global Incentive Plan 2023, based on Group performance.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	1,321,585
d)	Aggregated information	Aggregated volume of shares granted: 1,321,585 Aggregated price of shares granted: GBP nil
e)	Date of the transaction	2026-07-30
f)	Place of the transaction	Outside a trading venue
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Options over ordinary shares of US$0.20 20/21 each in Vodafone Group Plc (ISIN: GB00BH4HKS39)
b)	Nature of the transaction	Grant of share options under the Vodafone Global Incentive Plan 2023 with an exercise price per share of £1.1123.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	1,585,903
d)	Aggregated information	Aggregated volume of options granted: 1,585,903 Aggregated price of options granted: GBP nil
e)	Date of the transaction	2026-07-30
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Scott Petty
2	Reason for the notification
a)	Position/status	Vodafone Group Chief Technology Officer (CTO)
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Vodafone Group Plc
b)	LEI	213800TB53ELEUKM7Q61
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc (ISIN: GB00BH4HKS39)
b)	Nature of the transaction	Grant of conditional award under the Vodafone Global Incentive Plan 2023, based on Group performance.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	1,384,518
d)	Aggregated information	Aggregated volume of shares granted: 1,384,518 Aggregated price of shares granted: GBP nil
e)	Date of the transaction	2026-07-30
f)	Place of the transaction	Outside a trading venue
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Options over ordinary shares of US$0.20 20/21 each in Vodafone Group Plc (ISIN: GB00BH4HKS39)
b)	Nature of the transaction	Grant of share options under the Vodafone Global Incentive Plan 2023 with an exercise price per share of £1.1123.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	1,661,422
d)	Aggregated information	Aggregated volume of options granted: 1,661,422 Aggregated price of options granted: GBP nil
e)	Date of the transaction	2026-07-30
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Joakim Reiter
2	Reason for the notification
a)	Position/status	Chief External and Corporate Affairs Officer
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Vodafone Group Plc
b)	LEI	213800TB53ELEUKM7Q61
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc (ISIN: GB00BH4HKS39)
b)	Nature of the transaction	Grant of conditional award under the Vodafone Global Incentive Plan 2023, based on Group performance.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	1,384,518
d)	Aggregated information	Aggregated volume of shares granted: 1,384,518 Aggregated price of shares granted: GBP nil
e)	Date of the transaction	2026-07-30
f)	Place of the transaction	Outside a trading venue
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Options over ordinary shares of US$0.20 20/21 each in Vodafone Group Plc (ISIN: GB00BH4HKS39)
b)	Nature of the transaction	Grant of share options under the Vodafone Global Incentive Plan 2023 with an exercise price per share of £1.1123.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	1,661,422
d)	Aggregated information	Aggregated volume of options granted: 1,661,422 Aggregated price of options granted: GBP nil
e)	Date of the transaction	2026-07-30
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Alberto Ripepi
2	Reason for the notification
a)	Position/status	Group Chief Network Officer (CNO)
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Vodafone Group Plc
b)	LEI	213800TB53ELEUKM7Q61
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc (ISIN: GB00BH4HKS39)
b)	Nature of the transaction	Grant of conditional award under the Vodafone Global Incentive Plan 2023, based on Group performance.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	1,444,568
d)	Aggregated information	Aggregated volume of shares granted: 1,444,568 Aggregated price of shares granted: GBP nil
e)	Date of the transaction	2026-07-30
f)	Place of the transaction	Outside a trading venue
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Options over ordinary shares of US$0.20 20/21 each in Vodafone Group Plc (ISIN: GB00BH4HKS39)
b)	Nature of the transaction	Grant of share options under the Vodafone Global Incentive Plan 2023 with an exercise price per share of £1.1123.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	1,733,482
d)	Aggregated information	Aggregated volume of options granted: 1,733,482 Aggregated price of options granted: GBP nil
e)	Date of the transaction	2026-07-30
f)	Place of the transaction	Outside a trading venue

- ends -

For more information, please contact:
Investor Relations:	vodafone.com	ir@vodafone.co.uk	Media Relations:	Vodafone.com/media/contact	GroupMedia@vodafone.com
Registered Office: Vodafone House, The Connection, Newbury, Berkshire RG14 2FN, England. Registered in England No. 1833679

About Vodafone Group

everyone.connected

Vodafone is a leading European and African telecoms company.

We serve around 370 million mobile and broadband customers, operating networks in 17 countries with investments in a further three and partners in over 40 more. We have capacity on more than 70 subsea cable systems - the backbone of the internet - and we are developing a new direct-to-mobile satellite communications service to connect areas without coverage. Vodafone runs one of the world's largest IoT platforms, with over 240 million IoT connections globally, and we provide financial services to around 103 million customers across eight African countries - managing more transactions than any other provider.

From the seabed to the stars, Vodafone's mission is to connect everyone.

For more information, please visit www.vodafone.com follow us on X at @VodafoneGroup or connect with us on LinkedIn at www.linkedin.com/company/vodafone.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.

	VODAFONE GROUP
	PUBLIC LIMITED COMPANY
	(Registrant)
Date: July 31, 2026	By: /s/ M D B
	Name: Maaike de Bie
	Title: Group General Counsel and Company Secretary