Liberty Global Exits Vodafone Stake, Files 13G Amendment

Rhea-AI Filing Summary

Liberty Global exits Vodafone stake: Amendment No. 1 to Schedule 13G reveals that Liberty Global Ltd. and subsidiary Liberty Global Europe Holding BV now report zero beneficial ownership of Vodafone Group plc ordinary shares (CUSIP GB00BH4HKS39).

• Beneficial ownership: Aggregate shares owned – 0; percent of class – 0.0 %.
• Voting / dispositive power: Sole and shared voting and dispositive powers all disclosed as 0.
• Event & filing dates: Ownership change date 30 Jul 2025; certification signed 04 Aug 2025 by EVP & General Counsel Bryan H. Hall.

The filing confirms the reporters now hold 5 % or less of Vodafone’s outstanding shares, triggering a disclosure of their reduced position. No intent to influence control is declared. Investors should note that a previous >5 % holder has fully divested, removing a potential strategic partner and creating possible selling-pressure implications, but no additional financial metrics are provided.

Positive

• None.

Negative

• Liberty Global has fully divested its stake in Vodafone, potentially signalling reduced strategic interest and creating earlier share-sale overhang.

Insights

Securities Analyst

TL;DR: Liberty Global no longer owns Vodafone shares; signal is neutral with minor overhang concerns.

The amendment shows Liberty Global’s beneficial ownership has dropped to 0 %, confirming full divestiture. This removes a cross-shareholding that once suggested strategic optionality between the two telecom groups. While liquidation of a >5 % position can create short-term selling pressure, the sale is already dated 30 July 2025, implying most market impact may have been absorbed. With no ongoing voting or dispositive power, Liberty Global’s influence on Vodafone governance ends. Overall valuation effect is modest; the filing is more informative than fundamentally transformative.

Corporate Governance Expert

TL;DR: Exit removes Liberty Global from Vodafone’s shareholder register, simplifying governance structure.

The disclosure eliminates any perception of a control group or coordinated action between Liberty Global entities and Vodafone. Governance risk tied to related-party dealings diminishes, but so does the possibility of a future strategic merger. Because the reporters now hold less than 5 %, they fall outside many UK and U.S. transparency thresholds, reducing ongoing visibility. Nevertheless, no intentions to influence control are stated, and the certification language aligns with passive investment rules. Impact on board dynamics is therefore negligible.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Vodafone Group plc

(Name of Issuer)

Ordinary Shares of 20 20/21 US cents each

(Title of Class of Securities)

GB00BH4HKS39

(CUSIP Number)

07/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. GB00BH4HKS39

1

Names of Reporting Persons

Liberty Global Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

BERMUDA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. GB00BH4HKS39

1

Names of Reporting Persons

Liberty Global Europe Holding BV

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NETHERLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Vodafone Group plc
(b)	Address of issuer's principal executive offices: Vodafone House, The Connection, Newbury, Berkshire, X0, RG14 2FN
Item 2.
(a)	Name of person filing: Liberty Global Ltd. ("LG") Liberty Global Europe Holding BV ("LGEH")
(b)	Address or principal business office or, if none, residence: For LG: 1550 Wewatta St., Suite 1000 Denver, CO 80232 For LGEH: Boeing Avenue 53 1119 PE Schiphol Rijk The Netherlands
(c)	Citizenship: See Item 4 on cover page(s) hereto.
(d)	Title of class of securities: Ordinary Shares of 20 20/21 US cents each
(e)	CUSIP No.: GB00BH4HKS39
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Please refer to Item 9 on each cover sheet for each filing person.
(b)	Percent of class: Please refer to Item 11 on each cover sheet for each filing person.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Please refer to Item 5 on each cover sheet for each filing person.
	(ii) Shared power to vote or to direct the vote: Please refer to Item 6 on each cover sheet for each filing person.
	(iii) Sole power to dispose or to direct the disposition of: Please refer to Item 7 on each cover sheet for each filing person.
	(iv) Shared power to dispose or to direct the disposition of: Please refer to Item 8 on each cover sheet for each filing person.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Liberty Global Ltd.

Signature:	/s/ Bryan H. Hall
Name/Title:	Bryan H. Hall / Executive Vice President, General Counsel and Secretary
Date:	08/04/2025

Liberty Global Europe Holding BV

Signature:	/s/ Bryan H. Hall
Name/Title:	Bryan H. Hall / Executive Vice President, General Counsel and Secretary
Date:	08/04/2025

FAQ

How many Vodafone (VOD) shares does Liberty Global currently own?

According to the filing, Liberty Global now owns 0 ordinary shares, representing 0.0 % of the outstanding class.

Why was this Schedule 13G/A filed for Vodafone Group plc?

It was triggered because Liberty Global’s ownership fell to 5 % or less, requiring an amendment to disclose the reduced holding.

Does Liberty Global still have voting power over Vodafone shares?

No. The filing lists 0 sole or shared voting and dispositive power, ending Liberty Global’s influence over Vodafone stock.

When did Liberty Global sell its Vodafone shares?

The event date stated is 30 July 2025; the certification was signed on 04 August 2025.

Is there any indication Liberty Global intends to influence Vodafone’s control?

No. The certification expressly states the shares were not acquired or held to change or influence control of the issuer.