Liberty Global Announces Final Ratio for LiLAC Group Share Distribution to Liberty Global Group Shareholders
June 20 2016 - 01:01PM
Business Wire
Liberty Global plc (“Liberty Global”) (NASDAQ: LBTYA, LBTYB,
LBTYK, LILA and LILAK) today announced that, in connection with the
previously announced distribution of approximately 117.4 million
Liberty Global Latin America and Caribbean (“LiLAC Group”) ordinary
shares to Liberty Global Group shareholders, it has determined the
final per share ratio. Liberty Global Group shareholders will
receive one LiLAC Group ordinary share for every 8.01482 Liberty
Global Group ordinary shares of the corresponding class outstanding
as of 5:00 p.m., New York City time, on June 17, 2016, the record
date for the distribution. Cash will be paid in lieu of fractional
shares.
In addition, Liberty Global has been informed that the
ex-dividend date for Liberty Global Group common shares will be
June 21, 2016. As previously announced, the distribution will be
made on July 1, 2016. The Liberty Global Group and LiLAC Group are
both tracking stocks of Liberty Global plc.
The number of Liberty Global Group shares issued and outstanding
will remain unchanged. Please see the tables below for a breakdown
by ordinary share class (in millions).
Liberty Global Groupordinary
shares
Inter-group interest
LiLAC Groupordinary
shares
Issued and outstandingas of June 17,
2016
Distribution of shares thatrepresent the
inter-group interest
As of June 17, 2016,pro forma for the
distribution
LBTYA 278.0 LILA 34.7 LILA 51.0 LBTYB 10.8
LILAB 1.3 LILAB 1.9 LBTYK 652.3 LILAK 81.4 LILAK
121.1 TOTAL 941.1 TOTAL 117.4 TOTAL
174.0
About Liberty Global
Liberty Global is the world’s largest international TV and
broadband company, with operations in more than 30 countries across
Europe, Latin America and the Caribbean. We invest in the
infrastructure that empowers our customers to make the most of the
digital revolution. Our scale and commitment to innovation enable
us to develop market-leading products delivered through
next-generation networks that connect our customers who subscribe
to over 59 million1 television, broadband internet and telephony
services. We also serve over ten million1 mobile subscribers and
offer WiFi service across six million access points.
Liberty Global’s businesses are comprised of two stocks: the
Liberty Global Group (NASDAQ: LBTYA, LBTYB and LBTYK) for our
European operations, and the LiLAC Group (NASDAQ: LILA and LILAK,
OTC Link: LILAB), which consists of our operations in Latin America
and the Caribbean.
The Liberty Global Group operates in 12 European countries under
the consumer brands Virgin Media, Ziggo, Unitymedia, Telenet and
UPC. The LiLAC Group operates in over 20 countries in Latin America
and the Caribbean under the consumer brands VTR, Flow, Liberty, Mas
Movil and BTC. In addition, the LiLAC Group operates a submarine
fiber network throughout the region in over 30 markets.
For more information, please visit www.libertyglobal.com.
_______________________________________________
1 Subscriber statistics for Liberty Global (including the LiLAC
Group) and CWC are as of March 31, 2016 and December 31, 2015,
respectively, and are based on each entity's subscriber counting
policies. CWC’s subscriber counting policies may differ from those
of Liberty Global. Accordingly, the combined subscriber statistics
are not necessarily indicative of the actual number of subscribers
to be reported by the combined operations once CWC conforms to
Liberty Global's subscriber counting policies.
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Liberty GlobalInvestor
Relations:Oskar Nooij, +1 303 220 4218Christian
Fangmann, +49 221 8462 5151John Rea, +1 303 220 4238orCorporate Communications:Matt Beake, +44 20
8483 6428Aimee Baxter, +1 646 561 3512
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