Liberty Global Ltd. — Form 8-K

On 31 July 2026, Liberty Global Broadband I Limited, Vodafone Europe B.V., and Liberty Global Holding B.V. entered into a shareholders' agreement governing their ownership and control of Liberty Global Holding B.V. (the holding company for VodafoneZiggo and Telenet groups). LG holds 17.64 billion A Shares (90%), Vodafone holds 1.96 billion B Shares (10%). The agreement establishes governance structure, Vodafone's appointment rights for one supervisory director (18+ months post-signing if no listing), pre-emption and tag-along/drag-along rights on share transfers, distribution policies, and extensive related-party transaction oversight by Vodafone. Major provisions include Vodafone's right to approve certain strategic actions, LG's broad exit rights (sale/listing/wind-up), and Pillar Two tax cost-sharing mechanisms.