Vodafone Group (VOD): UAE-linked investors cut reported stake to 0%

Rhea-AI Filing Summary

Atlas 2022 Holdings Limited, Emirates Telecommunications Group Company PJSC and Emirates Investment Authority report that they no longer beneficially own any ordinary shares of Vodafone Group Plc. The reporting persons state beneficial ownership of 0 shares, representing 0% of Vodafone’s ordinary shares of 20 20/21 US cents each.

Each reporting person reports no sole or shared voting power and no sole or shared dispositive power over Vodafone shares. Atlas 2022 Holdings Limited is wholly owned by Emirates Telecommunications Group Company PJSC, which is 60% owned by Emirates Investment Authority, described as an integral part of the Federal Government of the United Arab Emirates with an independent legal identity.

Key Figures

Beneficial ownership: 0 shares Percent of class: 0% Ownership of e& by EIA: 60% +2 more

5 metrics

Beneficial ownership 0 shares Amount beneficially owned in Vodafone ordinary shares reported by each reporting person

Percent of class 0% Reported percentage of Vodafone ordinary share class beneficially owned

Ownership of e& by EIA 60% Emirates Investment Authority ownership stake in Emirates Telecommunications Group Company PJSC

CUSIP 92857W308 CUSIP for Vodafone Group Plc ordinary shares of 20 20/21 US cents each

Amendment date 07/17/2026 Date signed by reporting persons’ authorized signatories

Key Terms

beneficially owned, dispositive power, control person, Schedule 13G, +1 more

5 terms

beneficially owned financial

"Amount beneficially owned: 0"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

dispositive power financial

"Sole Dispositive Power 0.00 8 | Shared Dispositive Power 0.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

control person financial

"EIA (which, therefore, is deemed a control person of Atlas Holdings and e&)"

A control person is an individual or entity that can significantly influence a company’s decisions and direction through ownership, voting power, or contractual rights—think of them as the captain who can steer the ship. Investors care because a control person’s choices affect corporate strategy, board appointments, and transactions that can raise or lower a stock’s value, and they often carry additional legal responsibilities and disclosure requirements to protect other shareholders.

Schedule 13G regulatory

"incorporated by reference to the Schedule 13D relating to Vodafone Group plc"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Joint Filing Agreement regulatory

"Each of the Reporting Persons is party to that certain Joint Filing Agreement"

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Available on EDGAR 07/17/2026 - 11:57 AM Accepted by SEC EDGAR 07/17/2026 - 11:57 AM Learn about SEC filing dates

FAQ

What change in Vodafone Group Plc (VOD) ownership is disclosed by Atlas 2022 Holdings Limited and affiliates?

Atlas 2022 Holdings Limited, Emirates Telecommunications Group Company PJSC and Emirates Investment Authority report 0 shares of Vodafone Group Plc, representing 0% of the ordinary shares. They also report no voting or dispositive power over any Vodafone shares.

Who are the reporting persons related to Vodafone Group Plc (VOD) in this Schedule 13G/A amendment?

The reporting persons are Atlas 2022 Holdings Limited, Emirates Telecommunications Group Company PJSC (e&), and Emirates Investment Authority (EIA). They file jointly under a Joint Filing Agreement originally dated April 24, 2023.

What percentage of Vodafone Group Plc (VOD) does Emirates Telecommunications Group Company PJSC now report owning?

Emirates Telecommunications Group Company PJSC reports beneficial ownership of 0 Vodafone ordinary shares, corresponding to 0% of the class. It also reports no sole or shared power to vote or dispose of any Vodafone shares.

How is Atlas 2022 Holdings Limited related to Emirates Investment Authority in the Vodafone (VOD) ownership structure?

Atlas 2022 Holdings Limited is a wholly owned subsidiary of Emirates Telecommunications Group Company PJSC, which is 60% owned by Emirates Investment Authority. EIA is therefore deemed a control person of Atlas 2022 Holdings Limited and e&.

What does Emirates Investment Authority disclose about its role and status in relation to Vodafone (VOD)?

Emirates Investment Authority discloses it is an integral part of the Federal Government of the UAE, created by federal decrees and having an independent legal identity with full capacity to act to fulfill its statutory mandate and objectives.

What voting and dispositive powers over Vodafone (VOD) shares do the reporting persons state they have?

Each reporting person states 0 sole voting power, 0 shared voting power, 0 sole dispositive power, and 0 shared dispositive power regarding Vodafone Group Plc ordinary shares, indicating no current control over any such shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

Vodafone Group Plc

(Name of Issuer)

Ordinary Shares of 20 20/21 US cents each

(Title of Class of Securities)

92857W308

(CUSIP Number)

07/17/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 92857W308

1

Names of Reporting Persons

Atlas 2022 Holdings Limited

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

CAYMAN ISLANDS

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 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Atlas 2022 Holdings Limited ("Atlas Holdings") is wholly-owned by Emirates Telecommunications Group Company PJSC ("e&"), which is in turn 60% owned by the Emirates Investment Authority ("EIA").

SCHEDULE 13G

CUSIP Number(s): 92857W308

1

Names of Reporting Persons

Emirates Telecommunications Group Company PJSC

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

UNITED ARAB EMIRATES

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 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Atlas Holdings is wholly-owned by e&, which is in turn 60% owned by EIA.

SCHEDULE 13G

CUSIP Number(s): 92857W308

1

Names of Reporting Persons

Emirates Investment Authority

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

UNITED ARAB EMIRATES

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 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Atlas Holdings is wholly-owned by e&, which is in turn 60% owned by EIA. EIA is an integral part of the Federal Government and was established through Federal Decree Law No. 4 of 2007 as amended by Federal Decree Law No. 13 of 2009 and Federal Decree Law No. 11 of 2018. EIA has an independent legal identity with full capacity to act in fulfilling its statutory mandate and objectives.

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, RG14 2FN, England
Item 2.
(a)	Name of person filing: This Schedule 13G is being filed by: i. Atlas 2022 Holdings Limited, a limited liability exempted company formed under the laws of the Cayman Islands ("Atlas Holdings"); ii. Emirates Telecommunications Group Company PJSC, a public joint-stock company incorporated under the laws of the United Arab Emirates ("e&"); and iii. Emirates Investment Authority, a public institution established under the laws of the United Arab Emirates ("EIA"). Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons." Each of the Reporting Persons is party to that certain Joint Filing Agreement, as attached in exhibit 99.1. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13G. Atlas Holdings is a wholly-owned subsidiary of e&, which in turn is 60% owned by EIA (which, therefore, is deemed a control person of Atlas Holdings and e&).
(b)	Address or principal business office or, if none, residence: The address of the principal business office of Atlas Holdings is 190 Elgin Avenue, George Town, Grand Cayman KY1-9001, Cayman Islands. The address of the principal business office of e& is Emirates Telecommunications Group Company PJSC, Head Office Building A, Intersection of Zayed the 1st Street and Sheikh Rashid Bin Saeed Al Maktoum Street, PO Box 3838, Abu Dhabi. The address of the principal business office of EIA is PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi, United Arab Emirates.
(c)	Citizenship: Rows (4) of the cover page for Atlas Holdings, e& and EIA to this Schedule 13G, respectively, are hereby incorporated by reference.
(d)	Title of class of securities: Ordinary Shares of 20 20/21 US cents each
(e)	CUSIP No.: 92857W308
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: 0
(b)	Percent of class: 0%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 0
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.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Item 2 to this Schedule 13G.
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.

Atlas 2022 Holdings Limited

Signature:	/s/ Mohamed Karim Bennis
Name/Title:	Mohamed Karim Bennis, Group CFO and authorised signatory
Date:	07/17/2026

Emirates Telecommunications Group Company PJSC

Signature:	/s/ Masood M. Sharif Mahmood
Name/Title:	Masood M. Sharif Mahmood, Group CEO
Date:	07/17/2026

Emirates Investment Authority

Signature:	/s/ Mohamed Al Mehairi
Name/Title:	Mohamed Al Mehairi, Chief Executive Officer
Date:	07/17/2026

Exhibit Information

99.1 Joint Filing Agreement, dated April 24, 2023, between Atlas Holdings, e& and EIA (incorporated by reference to the Schedule 13D relating to Vodafone Group plc filed by Atlas Holdings, e& and EIA on April 24, 2023).