Liberty Global Announces Final Ratio for LiLAC Group Share Distribution to Liberty Global Group Shareholders
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 Group
ordinary shares
|
|
Inter-group interest |
|
LiLAC Group
ordinary shares
|
Issued and outstanding
as of June 17, 2016
|
|
Distribution of shares that
represent 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 Global
Investor Relations:
Oskar Nooij, +1 303 220 4218
Christian Fangmann, +49 221 8462 5151
John Rea, +1 303 220 4238
or
Corporate Communications:
Matt Beake, +44 20 8483 6428
Aimee Baxter, +1 646 561 3512
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