ShareholdingJul 10, 2026, 09:21 AM
Vodafone: e& Sells Entire Stake; Nominee Director Resigns
AI Summary
Vodafone Group Plc announced that Emirates Telecommunications Group Company PJSC (e&) has agreed to sell its entire shareholding in Vodafone to Vega, an acquisition vehicle wholly owned by the Niel family group. Consequently, the relationship agreement between Vodafone and e&, dated May 11, 2023, has been terminated. Hatem Dowidar, who served as e&’s nominee director, has resigned from Vodafone’s Board with immediate effect.
Key Highlights
- e& agreed to dispose of its entire shareholding in Vodafone.
- Shares will be sold to Vega, an acquisition vehicle of the Niel family group.
- The relationship agreement between Vodafone and e& has been terminated.
- Hatem Dowidar resigned from Vodafone's Board with immediate effect.
- This announcement contains inside information.
Price Impact
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