Liberty Global Announces New $2 Billion Share Repurchase Program
- Authorization is for LBTYA and LBTYK shares
- Intended completion by year-end 2018
Liberty Global plc (“Liberty Global”) (NASDAQ: LBTYA, LBTYB and LBTYK) today announces that its Board of Directors has
authorized a new $2.0 billion share repurchase program with respect to Liberty Global Group Class A and Class C shares (“the
Program”), with the intention to complete the Program by year-end 2018.
Under the Program, Liberty Global may acquire from time to time its Class A ordinary shares, Class C ordinary shares, or any
combination of Class A and Class C ordinary shares. The program may be effected through open market transactions and/or privately
negotiated transactions, which may include derivative transactions.
The timing of the repurchase of shares pursuant to the Program will depend on a variety of factors, including market conditions
and applicable law. The Program may be implemented in conjunction with brokers for the Company and other financial institutions
with whom the Company has relationships within certain pre-set parameters and purchases may continue during closed periods in
accordance with applicable restrictions. The Program may be suspended or discontinued at any time.
Forward-Looking Statements and Disclaimer
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of
1995, including statements regarding the company’s share buyback program and other information and statements that are not
historical fact. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ
materially from those expressed or implied by these statements. These risks and uncertainties include factors detailed from time to
time in our filings with the Securities and Exchange Commission including the most recently filed Forms 10-K and 10-Q. These
forward-looking statements speak only as of the date of this release. We expressly disclaim any obligation or undertaking to
disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in our expectations
with regard thereto or any change in event, conditions or circumstances on which any such statement is based.
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 over 24 million customers who subscribe to over 50 million television, broadband internet
and telephony services. We also serve over 10 million mobile subscribers and offer WiFi service across 10 million access
points.
Liberty Global’s businesses are currently 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, Unitymedia, Telenet and UPC.
The Liberty Global Group also owns 50% of VodafoneZiggo, a Dutch joint venture, which has 4 million customers, 10 million
fixed-line subscribers and 5 million mobile subscribers. The LiLAC Group operates in over 20 countries in Latin America and the
Caribbean under the consumer brands VTR, Flow, Liberty, Más Móvil and BTC. In addition, the LiLAC Group operates a sub-sea fiber
network throughout the region connecting over 40 markets.
For more information, please visit www.libertyglobal.com or contact:
Liberty Global Investor Relations
Oskar Nooij, +1 303 220 4218
John Rea, +1 303 220 4238
Stefan Halters, +1 303 220 4528
or
Liberty Global Corporate Communications
Matt Beake, +44 20 8483 6428
Julia Hart, +31 20 778 3345
or
Liberty Latin America Investor Relations
Kunal Patel, +1 786 376 9294
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