Vodafone Group (LSE:VOD) saw shares jump after Xavier Niel’s Vega bought e&’s entire Vodafone stake for about £4.4bn, becoming the largest 16.2% shareholder, while the company dealt with board changes—Hatem Dowidar’s re-election was voided after his July 10 resignation—and settled a long-running £85m franchisee claim.
Previous Week Recap
- Vega Buys Vodafone Stake: VOD shares rose ~4.4–5.5% after reports Xavier Niel’s Vega bought e&’s entire Vodafone stake for ~£4.4bn, creating a ~16.2% holding and making Vega the largest shareholder.
- Dowidar Re-election Withdrawn: Vodafone ADR (VOD): Resolution to re-elect Hatem Dowidar was withdrawn after his resignation from the board on July 10, 2026; prior votes for that resolution are void; other AGM votes stand.
- Franchisees Resolve £85m Claim: Vodafone Group (VOD) settled a 2024 high-court claim by 62 former franchisees over alleged unjust enrichment up to £85m, resolving a long-running dispute tied to franchise debts.
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