1 day ago - reuters.com

Liberty Global has explored selling a stake in its Swiss telecoms operator Sunrise ahead of a planned spin-off later this year, three people familiar with the matter told Reuters.

1 month ago - https://www.defenseworld.net

Panagora Asset Management Inc. acquired a new position in Liberty Global Ltd. (NASDAQ:LBTYK – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 178,432 shares of the company’s stock, valued at approximately $3,326,000. Several other hedge funds also recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its holdings in Liberty Global by 62.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,122,777 shares of the company’s stock worth $57,959,000 after buying an additional 1,195,569 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Liberty Global by 78.8% during the third quarter. Envestnet Asset Management Inc. now owns 2,076,121 shares of the company’s stock valued at $38,533,000 after purchasing an additional 914,844 shares during the period. ACR Alpine Capital Research LLC increased its stake in Liberty Global by 1.6% in the third quarter. ACR Alpine Capital Research LLC now owns 10,620,709 shares of the company’s stock valued at $197,120,000 after purchasing an additional 164,880 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in Liberty Global in the fourth quarter worth $2,880,000. Finally, Artisan Partners Limited Partnership boosted its position in shares of Liberty Global by 1.5% during the third quarter. Artisan Partners Limited Partnership now owns 8,333,484 shares of the company’s stock worth $154,669,000 after purchasing an additional 120,803 shares in the last quarter. Institutional investors own 46.10% of the company’s stock. Insider Activity at Liberty Global In related news, CAO Jason Waldron sold 11,226 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $19.29, for a total value of $216,549.54. Following the completion of the sale, the chief accounting officer now directly owns 70,666 shares in the company, valued at $1,363,147.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director J David Wargo sold 30,000 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $17.35, for a total transaction of $520,500.00. Following the completion of the sale, the director now directly owns 159,632 shares in the company, valued at $2,769,615.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Jason Waldron sold 11,226 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $19.29, for a total transaction of $216,549.54. Following the completion of the transaction, the chief accounting officer now owns 70,666 shares in the company, valued at approximately $1,363,147.14. The disclosure for this sale can be found here. Insiders sold a total of 113,629 shares of company stock worth $2,046,783 in the last quarter. 9.86% of the stock is owned by insiders. Liberty Global Price Performance Shares of NASDAQ:LBTYK opened at $18.06 on Monday. The company’s 50 day simple moving average is $17.41 and its 200 day simple moving average is $18.15. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.28 and a quick ratio of 1.28. Liberty Global Ltd. has a 1 year low of $16.26 and a 1 year high of $21.83. Liberty Global (NASDAQ:LBTYK – Get Free Report) last released its earnings results on Wednesday, May 1st. The company reported $1.32 earnings per share (EPS) for the quarter. The firm had revenue of $1.95 billion for the quarter. Liberty Global had a negative return on equity of 14.07% and a negative net margin of 37.27%. Analyst Upgrades and Downgrades A number of brokerages recently weighed in on LBTYK. TheStreet raised shares of Liberty Global from a “d+” rating to a “c-” rating in a research note on Wednesday, January 24th. StockNews.com raised Liberty Global from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Get Our Latest Stock Analysis on Liberty Global About Liberty Global (Free Report) Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.

2 months ago - seekingalpha.com

Liberty Global Ltd (NASDAQ:LBTYA ) Q1 2024 Results Conference Call May 2, 2024 9:00 AM ET Company Participants Michael Fries - Vice Chairman, President & CEO Charles Bracken - Executive VP & CFO Ritchy Drost - Chief Financial Officer Lutz Schu¨ler - Chief Executive Officer Conference Call Participants Joshua Mills - BNP Paribas Maurice Patrick - Barclays Ulrich Rathe - Bernstein Societe Generale Group Robert Grindle - Deutsche Bank Steve Malcolm - Redburn Atlantic Matthew Harrigan - the Benchmark Company Carl Murdock-Smith - Berenberg Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Liberty Global's First Quarter 2024 Investor Call.

3 months ago - seekingalpha.com

Management claims a large discrepancy between the value of their assets of $48 a share and the share price of $16.7. Liberty Global releases 4Q2023 results, announcing a plan for Swiss Sunrise spin-off, which should bring $7.7 - $13.7 per share value to shareholders. The share price of Liberty Global has halved since 2017 despite large share buybacks of 60%. Liberty Global will continue its share buyback with 10% for this year.

4 months ago - investorplace.com

The latest 13F regulatory filings that disclose the buying and selling of stocks among hedge funds have recently been released. As is always the case, the filings reveal some interesting moves among the world's best investors.

4 months ago - reuters.com

Liberty Global said on Friday it aimed to spin off its Swiss telecom unit Sunrise to shareholders later this year.

4 months ago - globenewswire.com

Transaction with Warner Bros. Discovery and Liberty Global, Valued at £1.15 Billion, is RedBird IMI's Largest Investment To-Date Transaction with Warner Bros. Discovery and Liberty Global, Valued at £1.15 Billion, is RedBird IMI's Largest Investment To-Date

5 months ago - seekingalpha.com

Liberty Global shares have had a relatively subdued past 12 months, underperforming U.S. telecoms peers in the process. Liberty's European telecoms businesses are facing a tough operating environment, shedding fixed-line subscribers while inflation weighs on margins. These shares look deeply undervalued on a rough sum-of-the-parts basis, with the market's implied multiple for the telecoms businesses representing a noticeable discount to comparable peers.

9 months ago - seekingalpha.com

Liberty Global's price rises will kick-in in the second half of the year. Share buybacks are accelerating and extremely accretive at current prices. The share prices can return a 30% CAGR (or much more) to patient investors.

10 months ago - prnewswire.com

LONDON and DENVER, Colo. , Aug. 15, 2023 /PRNewswire/ -- Liberty Global plc ('Liberty Global') (NASDAQ: LBTYA), (NASDAQ: LBTYB) (NASDAQ: LBTYK), one of the world's leading converged video, broadband and communications companies, and Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that they have expanded their collaboration to evolve and scale Liberty Global's cutting-edge digital entertainment and connectivity platforms.

11 months ago - seekingalpha.com

Liberty Global plc (NASDAQ:LBTYA ) Q2 2023 Earnings Conference Call July 25, 2023 9:00 AM ET Company Participants Mike Fries - Chief Executive Officer Charlie Bracken - Executive Vice President and Chief Financial Officer Lutz Schüler - Chief Executive Officer, Virgin Media André Krause - Chief Executive Officer, Sunrise Ritchy Drost - CFO of VodafoneZiggo Conference Call Participants Robert Grindle - Deutsche Bank Carl Murdock-Smith - Berenberg Ulrich Rathe - Societe General Yemi Falana - Goldman Sachs Polo Tang - UBS Matthew Harrigan - The Benchmark Company James Ratzer - New Street Research Georgios Ierodiaconou - Citigroup Nick Delfas - Redburn David Wright - Bank of America Merrill Lynch Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Liberty Global's Second Quarter 2023 Investor Call.

11 months ago - businesswire.com

Improved sequential Adj. EBITDA performance across FMC Champions, broadly stable aggregate1 connectivity despite price rise announcements. Proposal to redomicile to Bermuda approved by a shareholders, completion expected in Q4 this year.

1 year ago - reuters.com

The owners of All3Media (ALLMD.UL), Britain's largest independent TV production company, are exploring options that include cashing out on their joint venture in a deal worth more than 1 billion pounds ($1.26 billion), three people familiar with the matter said.

1 year ago - seekingalpha.com

Liberty Global plc (NASDAQ:LBTYA ) Q1 2023 Earnings Conference Call May 10, 2023 9:00 AM ET Company Participants Mike Fries - Chief Executive Officer Charlie Bracken - Executive Vice President and Chief Financial Officer Jeroen Hoencamp - Chief Executive Officer, VodafoneZiggo Lutz Schüler - Chief Executive Officer, Virgin Media André Krause - Chief Executive Officer, Sunrise Conference Call Participants Robert Grindle - Deutsche Bank James Ratcliffe - Evercore ISI Ulrich Rathe - Societe Generale Polo Tang - UBS James Ratzer - New Street Research Steve Malcolm - Redburn Matthew Harrigan - The Benchmark Company Maurice Patrick - Barclays David Wright - Bank of America Carl Murdock-Smith - Berenberg Georgios Ierodiaconou - Citigroup Operator Good morning, ladies and gentlemen and thank you for standing by. Welcome to Liberty Global's First Quarter 2023 Investor Call.

1 year ago - businesswire.com

DENVER, Colorado--(BUSINESS WIRE)--Liberty Global plc (“Liberty Global” or the “Company”) (NASDAQ: LBTYA, LBTYB and LBTYK) today announced plans to release its first quarter 2023 results on Tuesday, May 9, 2023. You are invited to join in its Investor Call, which will begin the following day at 09:00 a.m. (Eastern Time) on Wednesday, May 10, 2023. During the call, management will discuss the Company’s results, and may provide other forward-looking information. A listen-only webcast, along with a summary investor presentation, can be found on the Liberty Global website at https://www.libertyglobal.com/investors/investor-news/year/all/brand/presentations-events/. The webcast will be archived in the Investor Relations section of the Company’s website for at least 75 days. ABOUT LIBERTY GLOBAL Liberty Global (NASDAQ: LBTYA, LBTYB and LBTYK) is a world leader in converged broadband, video and mobile communications services. We deliver next-generation products through advanced fiber and 5G networks, and currently provide over 86 million connections* across Europe and the United Kingdom. Our businesses operate under some of the best-known consumer brands, including Virgin Media-O2 in the U.K., VodafoneZiggo in The Netherlands, Telenet in Belgium, Sunrise in Switzerland, Virgin Media in Ireland and UPC in Slovakia. Through our substantial scale and commitment to innovation, we are building Tomorrow’s Connections Today, investing in the infrastructure and platforms that empower our customers to make the most of the digital revolution, while deploying the advanced technologies that nations and economies need to thrive. Our consolidated businesses generate annual revenue of more than $7 billion, while the VMO2 JV and VodafoneZiggo JV generate combined annual revenue of more than $17 billion.** Liberty Global Ventures, our global investment arm, has a portfolio of more than 75 companies across content, technology and infrastructure, including strategic stakes in companies like ITV, Televisa Univision, Plume, AtlasEdge and the Formula E racing series. * Represents aggregate consolidated and 50% owned non-consolidated fixed and mobile subscribers. Includes wholesale mobile subscribers of the VMO2 JV and B2B fixed subscribers of the VodafoneZiggo JV. ** Revenue figures above are provided based on full year 2022 Liberty Global consolidated results (excluding revenue from Poland) and the combined as reported full year 2022 results for the VodafoneZiggo JV and full year 2022 U.S. GAAP results for the VMO2 JV. For more information, please visit www.libertyglobal.com.

1 year ago - proactiveinvestors.com

Liberty Global (NASDAQ:LBTYA) has announced that it plans to launch a voluntary and conditional public takeover bid to take out minority shareholders in Telenet Group through its wholly-owned subsidiary, Liberty Global (NASDAQ:LBTYA) Belgium, sending Telenet's shares more than a third higher.  The broadband, video and mobile communications services company explained that it has been the controlling shareholder of Telenet since February 2007, and currently owns just over 59% of Telenet's outstanding issued share capital.

1 year ago - businesswire.com

LONDEN--(BUSINESS WIRE)--Liberty Global plc (NASDAQ:LBTYA, LBTYB en LBTYK) heeft een indirecte 100% dochtervennootschap, Liberty Global Belgium Holding B.V., een besloten vennootschap opgericht naar Nederlands recht (Liberty Global Belgium Holding). Liberty Global Belgium Holding kondigt vandaag aan dat het voornemens is een vrijwillig en voorwaardelijk openbaar overnamebod uit te brengen op alle aandelen van Telenet Group Holding NV (Telenet) die Liberty Global Belgium Holding nog niet bezit of die niet in handen zijn van Telenet (het Voorgenomen Bod). Liberty Global Belgium Holding is sinds februari 2007 de controlerende aandeelhouder van Telenet en bezit momenteel 59,18% van het uitstaande geplaatste aandelenkapitaal van Telenet. Telenet bezit 3,12% van het uitstaande geplaatste aandelenkapitaal in eigen aandelen. Het Voorgenomen Bod zou een bod in contanten zijn tegen een prijs van EUR 22,00 per aandeel. Deze prijs vertegenwoordigt een premie van 59% ten opzichte van de slotkoers van Telenet op 15 maart 2023 en een premie van 52% ten opzichte van de volumegewogen gemiddelde koers van Telenet over de maand voorafgaand aan die datum. Als de gewone algemene vergadering van Telenet op 26 april 2023 de betaling van een brutodividend van EUR 1,00 per aandeel goedkeurt zoals voorgesteld door de raad van bestuur van Telenet en de ex-dividenddatum (3 mei 2023) vóór de datum van betaling van de biedprijs valt, zal de biedprijs per aandeel worden verminderd met het totale brutobedrag van dergelijk dividend (vóór enige toepasselijke belastingaftrek). Het Voorgenomen Bod zou onderworpen zijn aan de voorwaarden dat (i) Liberty Global Belgium Holding, samen met Telenet, ingevolge het Voorgenomen Bod ten minste 95% van de aandelen in Telenet moet bezitten en (ii) er geen materiële nadelige verandering optreedt met betrekking tot de slotkoers van de BEL-20 index en aandelen van bepaalde vergelijkbare marktgenoten van Telenet vóór de datum van de bekendmaking van de resultaten van de initiële aanvaardingsperiode van het Voorgenomen Bod. Indien Liberty Global Belgium Holding, na het Voorgenomen Bod, samen met Telenet, ten minste 95% van de aandelen van Telenet bezit, en door aanvaarding van het Voorgenomen Bod ten minste 90% heeft verworven van de aandelen die het voorwerp uitmaken van het Voorgenomen Bod, zal het Voorgenomen Bod worden gevolgd door een vereenvoudigd uitkoopbod tegen dezelfde financiële voorwaarden als het Voorgenomen Bod. Liberty Global Belgium Holding heeft de voorzitter van de raad van bestuur van Telenet op de hoogte gebracht van haar intenties en Telenet heeft vandaag een verklaring afgelegd waarin zij uitdrukt dat, onder voorbehoud van de gebruikelijke voorwaarden, haar raad van bestuur het Voorgenomen Bod unaniem steunt en aanbeveelt. Aangezien Liberty Global Belgium Holding reeds de controle heeft over Telenet, hebben de onafhankelijke bestuurders van Telenet Lazard BV/SRL aangesteld als onafhankelijk expert om een onafhankelijk expertenverslag op te stellen overeenkomstig artikel 23 van het Koninklijk Besluit van 27 april 2007 op de openbare overnamebiedingen (het Overnamebesluit). De raad van bestuur van Telenet zal zijn formeel advies geven in een memorie van antwoord die hij zal uitbrengen in overeenstemming met het toepasselijke wettelijke kader. Deze aankondiging is slechts een uiting van een intentie en vormt geen formele kennisgeving van een vrijwillig openbaar overnamebod in de zin van het Overnamebesluit en de Wet van 1 april 2007 op de openbare overnamebiedingen. Indien Liberty Global Belgium Holding beslist om formeel een vrijwillig en voorwaardelijk openbaar overnamebod uit te brengen, zal zij daartoe een dossier (met inbegrip van een ontwerpprospectus) deponeren bij de FSMA. De raad van bestuur van Telenet zal vervolgens het ontwerpprospectus bestuderen en haar omstandig advies presenteren in een memorie van antwoord. Indien Liberty Global Belgium Holding afziet van haar voornemen om een overnamebod te lanceren, zal zij dit onmiddellijk meedelen conform de geldende regels. Over Liberty Global plc Liberty Global is een wereldleider in geconvergeerde breedband-, video- en mobiele communicatiediensten. Het levert producten van de volgende generatie via geavanceerde glasvezel- en 5G-netwerken en biedt momenteel meer dan 86 miljoen vaste en mobiele verbindingen aan in Europa en het Verenigd Koninkrijk. De ondernemingen van Liberty Global opereren onder enkele van de bekendste consumentenmerken, waaronder Virgin Media-O2 in het Verenigd Koninkrijk, VodafoneZiggo in Nederland, Telenet in België, Sunrise in Zwitserland, Virgin Media in Ierland en UPC in Slowakije. Door haar aanzienlijke schaal en toewijding aan innovatie bouwt Liberty Global aan Tomorrow's Connections Today en investeert het in de infrastructuur en platforms die haar klanten in staat stellen om het meeste uit de digitale revolutie te halen, terwijl het de geavanceerde technologieën inzet die landen en economieën nodig hebben om te gedijen. De geconsolideerde ondernemingen van Liberty Global genereren een jaaromzet van meer dan $ 7 miljard, terwijl de VodafoneZiggo JV en de VMO2 JV een gecombineerde jaaromzet van meer dan $ 17 miljard genereren.** Liberty Global heeft een investeringsportefeuille die bestaat uit meer dan 75 ondernemingen actief op het gebied van inhoud, technologie en infrastructuur, waaronder strategische belangen in ondernemingen zoals ITV, Televisa Univision, AtlasEdge, Plume, en de Formula E racing series. * Vertegenwoordigt geaggregeerde geconsolideerde en 50% niet-geconsolideerde vaste en mobiele abonnees. Inclusief wholesale mobiele abonnees van de VMO2 JV en B2B vaste abonnees van de VodafoneZiggo JV. ** Bovenstaande omzetcijfers worden verstrekt op basis van de geconsolideerde resultaten van Liberty Global over het volledige jaar 2022 (exclusief de omzet uit Polen) en de gecombineerde en gerapporteerde resultaten voor het volledige jaar 2022 voor de VodafoneZiggo JV en de U.S. GAAP-resultaten voor het volledige jaar 2022 voor de VMO2 JV. Telenet, de VMO2 JV, de VodafoneZiggo JV en Sunrise UPC leveren mobiele diensten als mobiele netwerkoperators. Virgin Media Ireland levert mobiele diensten als een mobiele virtuele netwerkoperator via netwerken van derden. Liberty Global plc is genoteerd op de Nasdaq Global Select Market onder de symbolen "LBTYA", "LBTYB" en "LBTYK". Liberty Global Belgium Holding is een indirecte volledige dochtervennootschap van Liberty Global plc en is een besloten vennootschap naar Nederlands recht. Ga voor meer informatie naar www.libertyglobal.com of neem contact op met onderstaande perscontacten. Waarschuwingen: Deze mededeling is uitsluitend bedoeld voor informatieve doeleinden en vormt of maakt geen deel uit van een aanbod tot aankoop of uitnodiging tot verkoop of uitgifte, effecten van Telenet, noch een verzoek door iemand in enig rechtsgebied met betrekking tot dergelijke effecten, enige stemming of goedkeuring. Dit persbericht mag niet worden gepubliceerd, verspreid of gedistribueerd in enig land of gebied waar de publicatie of inhoud ervan illegaal zou zijn of registratie of enige andere indiening van documenten zou vereisen. Iedereen die in het bezit is van dit persbericht dient zich te onthouden van publicatie, distributie of verspreiding ervan in de betrokken landen en gebieden. Deze aankondiging is slechts een uitdrukking van een voornemen en vormt geen formele kennisgeving van een vrijwillig openbaar overnamebod in de zin van het Koninklijk Besluit van 27 april 2007 (het “Overnamebesluit”) en de Wet van 1 april 2007 op de openbare overnamebiedingen. Het openbare overnamebod waarnaar in dit persbericht wordt verwezen (het Voorgenomen Bod) werd nog niet aangevat. Indien Liberty Global Belgium Holding besluit om het Voorgenomen Bod formeel uit te brengen, worden aandeelhouders van Telenet, op het moment dat het Voorgenomen Bod van start gaat, dringend verzocht kennis te nemen van de documenten met betrekking tot het Voorgenomen Bod, die op dat moment beschikbaar zullen worden gesteld. Aandeelhouders van Telenet uit de Verenigde Staten (de V.S. Aandeelhouders) kunnen ook mailen naar [email protected] om een exemplaar van de documenten met betrekking tot het bod aan te vragen, die op verzoek kosteloos zullen worden verstrekt. Het Voorgenomen Bod zal niet worden uitgebracht, rechtstreeks of onrechtstreeks, in enig land of rechtsgebied waarin het als onwettig zou worden beschouwd of anderszins enige toepasselijke wet- of regelgeving zou schenden, of waardoor Liberty Global of enige van haar dochterondernemingen de voorwaarden van het Voorgenomen Bod op enige materiële wijze zouden moeten wijzigen of aanpassen, een aanvullende neerlegging zouden moeten doen bij enige overheid, regelgevende of andere autoriteit of aanvullende stappen zouden moeten ondernemen met betrekking tot het Voorgenomen Bod. Het is niet de bedoeling het Voorgenomen Bod uit te breiden naar een dergelijk land of rechtsgebied. Dergelijke documenten met betrekking tot het Voorgenomen Bod mogen niet worden verspreid in een dergelijk land of rechtsgebied, noch worden verzonden naar een dergelijk land of rechtsgebied, en mogen niet worden gebruikt om te verzoeken om de aankoop van effecten van Telenet door een persoon of entiteit die in een dergelijk land of rechtsgebied woont of is opgericht. Bericht voor V.S. Aandeelhouders Indien Liberty Global Belgium Holding beslist om het Voorgenomen Bod formeel in te dienen, zal het Voorgenomen Bod in de V.S. worden uitgebracht door beroep te doen op en in overeenstemming met Sectie 14(e) van, en Regulation 14E onder de U.S. Securities Exchange Act van 1934, zoals gewijzigd (de U.S. Exchange Act), en de “Tier II” vrijstelling voorzien door Rule 14d-1(d) onder de U.S. Exchange Act, en voor het overige in overeenstemming met de vereisten van de Belgische wetgeving. Dienovereenkomstig zal het Voorgenomen Bod onderworpen zijn aan openbaarmakings- en andere procedurele vereisten, inclusief met betrekking tot intrekkingsrechten, betalingsprocedures en het tijdstip van betalingen die verschillen van die welke van toepassing zijn onder de procedures en wetten van de Verenigde Staten. U.S. Aandeelhouders dienen er rekening mee te houden dat Telenet niet genoteerd is aan een V.S. effectenbeurs, niet onderworpen is aan de periodieke rapporteringsvereisten van de U.S. Exchange Act en geen rapporten hoeft in te dienen bij de U.S. Securities and Exchange Commission (de SEC). Het kan moeilijk zijn voor V.S. Aandeelhouders om bepaalde rechten en vorderingen af te dwingen in verband met het Voorgenomen Bod onder de federale effectenwetgeving van de Verenigde Staten, aangezien Telenet en Liberty Global Belgium Holding buiten de Verenigde Staten zijn gevestigd en de meeste van haar functionarissen en bestuurders mogelijk buiten de Verenigde Staten wonen. Het is misschien niet mogelijk om een onderneming die niet gevestigd is in de Verenigde Staten of haar functionarissen of bestuurders in een rechtbank buiten de Verenigde Staten aan te klagen wegens schendingen van de effectenwetgeving van de Verenigde Staten. Het is wellicht ook niet mogelijk om een onderneming die niet gevestigd is in de Verenigde Staten of haar filialen te dwingen zich te onderwerpen aan een uitspraak van een rechtbank in de Verenigde Staten. Voor zover toegestaan onder de toepasselijke wet- en regelgeving (met inbegrip van Rule 14e-5 onder de U.S. Exchange Act en elke vrijstelling die de SEC daarvan verleent), en in overeenstemming met de gebruikelijke Belgische praktijk, mogen Liberty Global Belgium Holding, haar nominees of makelaars (die optreden als agenten), of een van haar of hun gelieerde ondernemingen, bepaalde aankopen doen van, of regelingen treffen voor de aankoop van, aandelen buiten de Verenigde Staten na de aankondiging van Liberty Global Belgium Holding's voornemen om het Voorgenomen Bod uit te brengen en gedurende de periode waarin het Voorgenomen Bod open blijft voor aanvaarding, met inbegrip van verkopen en aankopen van aandelen door een investeringsbank die optreedt als market maker in de aandelen. Deze aankopen, of andere regelingen, kunnen plaatsvinden hetzij op de open markt tegen geldende prijzen, hetzij in onderhandse transacties tegen onderhandse prijzen. Om op grond van Rule 14e-5(b) onder de U.S. Exchange Act vrijgesteld te zijn van de vereisten van Rule 14e-5, moeten dergelijke aankopen of regelingen tot aankoop voldoen aan de toepasselijke Belgische wet- en regelgeving en de relevante bepalingen van de U.S. Exchange Act. Alle informatie over dergelijke aankopen zal worden bekendgemaakt zoals vereist in België en de Verenigde Staten. Voorts vormt dit persbericht geen aanbod tot verkoop, noch een uitnodiging tot aankoop van financiële instrumenten in de Verenigde Staten of in enig ander rechtsgebied. Toekomstgerichte verklaringen Dit persbericht bevat toekomstgerichte verklaringen in de zin van de federale effectenwetgeving van de Verenigde Staten, met inbegrip van de safe harbour-bepalingen van de U.S. Private Securities Litigation Reform Act van 1995. In deze context hebben toekomstgerichte verklaringen vaak betrekking op verwachte toekomstige zakelijke en financiële prestaties en financiële toestand, en bevatten zij vaak woorden als “verwachten”, “anticiperen”, “voornemen”, “plannen”, “geloven”, “nastreven”, “zien”, “zullen”, “zouden”, “kunnen”, “doelstelling” en soortgelijke uitdrukkingen en variaties of negatieven van deze woorden. Deze toekomstgerichte verklaringen kunnen onder meer betrekking hebben op de vooruitzichten van Telenet en Liberty Global; operationele verwachtingen, waaronder met betrekking tot de ontwikkeling, lancering en voordelen van innovatieve en geavanceerde producten en diensten, waaronder gigabitsnelheden, nieuwe technologie en de uitrol of lancering van platforms van de volgende generatie; toekomstige groeivooruitzichten en kansen, bedrijfsresultaten, gebruik van cash, belastingtarieven en andere maatstaven die de financiële prestaties van de bedrijven kunnen beïnvloeden; verwachte voordelen en synergieën en geschatte kosten van de voorgenomen transactie; het verwachte tijdstip van voltooiing van de voorgenomen transactie; en andere informatie en verklaringen die geen historische feiten zijn. Aan deze toekomstgerichte verklaringen zijn bepaalde risico's en onzekerheden verbonden die ertoe kunnen leiden dat de feitelijke resultaten wezenlijk verschillen van die welke in deze verklaringen worden uitgedrukt of geïmpliceerd. Deze risico's en onzekerheden omvatten gebeurtenissen waarover de partijen geen controle hebben, zoals: (i) het vermogen van Telenet, Liberty Global en onze respectieve werkmaatschappijen om het hoofd te bieden aan uitdagingen van de concurrentie en om de voorspelde financiële en operationele doelstellingen te bereiken; (ii) de gevolgen van wijzigingen in wet- en regelgeving; (iii) algemene economische, wetgevende, politieke en regelgevende factoren en de gevolgen van weersomstandigheden, natuurrampen of een epidemie, pandemie of ziekte-uitbraak (met inbegrip van COVID-19); (vi) het vermogen van Telenet, Liberty Global en onze respectieve dochterondernemingen om te voldoen aan de voorwaarden voor de voltooiing van de voorgestelde transactie; (v) het is mogelijk dat de voorgestelde transactie niet volgens de verwachte voorwaarden en timing of helemaal niet wordt voltooid; (vi) de uitkomst van mogelijke rechtszaken die kunnen worden aangespannen met betrekking tot de voorgestelde transactie; (vii) de mogelijke gevolgen van onvoorziene verplichtingen, toekomstige kapitaaluitgaven, inkomsten, uitgaven, economische prestaties, schuldenlast en financiële toestand voor de toekomstige vooruitzichten en activiteiten van Telenet en de Belgische activiteiten van Liberty Global na de voltooiing van de voorgestelde transactie; (viii) eventuele negatieve gevolgen van de aankondiging, het aanslepen of de voltooiing van de voorgestelde transactie; en (ix) de reactie van het management op een van de bovengenoemde factoren. Voor aanvullende informatie over het identificeren van factoren die ertoe kunnen leiden dat werkelijke resultaten wezenlijk verschillen van die welke in toekomstgerichte verklaringen worden vermeld, wordt verwezen naar de deponeringen van Liberty Global bij de SEC, waaronder Liberty Global's meest recent ingediende Formulier 10-K, alsmede naar de gereglementeerde informatie die door Telenet is ingediend bij de Belgische Autoriteit voor Financiële Diensten en Markten. Deze toekomstgerichte verklaringen gelden alleen op de datum van dit persbericht. Telenet en Liberty Global wijzen uitdrukkelijk elke verplichting of verbintenis af om updates of herzieningen te verspreiden van enige toekomstgerichte verklaring die hierin is opgenomen om enige verandering in de verwachtingen met betrekking daartoe of enige verandering in gebeurtenissen, voorwaarden of omstandigheden waarop een dergelijke verklaring is gebaseerd, weer te geven.

1 year ago - marketwatch.com

Shares of Liberty Global PLC LBTYA, +1.04% tacked on 0.9% in morning trading Tuesday, putting them on track for a sixth straight gain, after the broadband, video and mobile communications company announced plans to buy the rest of the shares of Belgium-based cable television services company Telenet Group Holdings N.V. TNET, +9.67% TLGHY, +3.67% that it doesn't already own.

1 year ago - businesswire.com

LONDON--(BUSINESS WIRE)--Liberty Global plc (NASDAQ: LBTYA, LBTYB and LBTYK) has an indirect wholly-owned subsidiary, Liberty Global Belgium Holding B.V., a private limited liability company incorporated under the laws of the Netherlands (Liberty Global Belgium Holding). Liberty Global Belgium Holding announces today that it is intending to launch a voluntary and conditional public takeover bid for all the shares of Telenet Group Holding NV (Telenet) that Liberty Global Belgium Holding does not already own or that are not held by Telenet (the Intended Offer). Liberty Global Belgium Holding has been the controlling shareholder in Telenet since February 2007 and currently owns 59.18% of Telenet’s outstanding issued share capital. Telenet owns 3.12% of the outstanding issued share capital in treasury. The Intended Offer would be an offer in cash at a price of EUR 22.00 per share. This price represents a premium of 59% compared to the closing price of Telenet on 15 March 2023, and a premium of 52% compared to the volume-weighted average trading price of Telenet over one month before such date. If Telenet’s ordinary general meeting of 26 April 2023 approves the payment of a gross dividend of EUR 1.00 per share as proposed by Telenet’s board of directors and the ex-dividend date (3 May 2023) falls prior to the date of payment of the offer price, the offer price per share will be reduced by the total gross amount of such dividend (before any applicable tax deduction). The Intended Offer would be subject to the conditions that, (i) as a result of the Intended Offer, Liberty Global Belgium Holding must, together with Telenet, own at least 95% of the shares in Telenet and (ii) no material adverse change occurs with respect to the closing quote of the BEL-20 index and shares of specified market peers of Telenet prior to the date of the initial acceptance period of the Intended Offer. If, following the Intended Offer, Liberty Global Belgium Holding, together with Telenet, own at least 95% of the shares of Telenet and have acquired, by acceptance of the Intended Offer, at least 90% of the shares that are the subject of the Intended Offer, the Intended Offer will be followed by a simplified squeeze-out bid subject to the same financial conditions as the Intended Offer. Liberty Global Belgium Holding has informed the chairman of Telenet’s board of directors of its intentions and Telenet has issued today a statement expressing that, subject to customary conditions, its board of directors unanimously supports and recommends the Intended Offer. Since Liberty Global Belgium Holding already has control over Telenet, the independent directors of Telenet have appointed Lazard BV/SRL as independent expert to draw up an independent expert report in accordance with Article 23 of the Royal Decree of 27 April 2007 on public takeover bids (the Takeover Decree). The Telenet board of directors will provide its formal opinion in a response memorandum which it will issue in accordance with the applicable legal framework. This announcement is only an expression of an intention and does not constitute a formal notification of a voluntary public takeover bid within the meaning of the Takeover Decree and the Law of 1 April 2007 on public takeover bids. If Liberty Global Belgium Holding decides to formally launch a voluntary and conditional public takeover bid, it will deposit a file for this purpose (including a draft prospectus) with the FSMA. The board of directors of Telenet will then examine the draft prospectus and present its detailed opinion in a response memorandum. If Liberty Global Belgium Holding renounces its intention to launch an offer, it will immediately communicate this in accordance with the applicable rules. About Liberty Global plc Liberty Global is a world leader in converged broadband, video and mobile communications services. It delivers next-generation products through advanced fiber and 5G networks, and currently provides over 86 million fixed and mobile connections across Europe and the United Kingdom. Liberty Global’s businesses operate under some of the best-known consumer brands, including Virgin Media-O2 in the U.K., VodafoneZiggo in The Netherlands, Telenet in Belgium, Sunrise in Switzerland, Virgin Media in Ireland and UPC in Slovakia. Through its substantial scale and commitment to innovation, Liberty Global is building Tomorrow’s Connections Today, investing in the infrastructure and platforms that empower its customers to make the most of the digital revolution, while deploying the advanced technologies that nations and economies need to thrive. Liberty Global’s consolidated businesses generate annual revenue of more than $7 billion, while the VodafoneZiggo JV and the VMO2 JV generate combined annual revenue of more than $17 billion.** Liberty Global has an investment portfolio consisting of more than 75 companies across content, technology, and infrastructure, including strategic stakes in companies such as ITV, Televisa Univision, AtlasEdge, Plume, and the Formula E racing series. * Represents aggregate consolidated and 50% owned non-consolidated fixed and mobile subscribers. Includes wholesale mobile subscribers of the VMO2 JV and B2B fixed subscribers of the VodafoneZiggo JV. ** Revenue figures above are provided based on full year 2022 Liberty Global’s consolidated results (excluding revenue from Poland) and the combined as reported full year 2022 results for the VodafoneZiggo JV and full year 2022 U.S. GAAP results for the VMO2 JV. Telenet, the VMO2 JV, the VodafoneZiggo JV and Sunrise UPC deliver mobile services as mobile network operators. Virgin Media Ireland delivers mobile services as a mobile virtual network operator through third-party networks. Liberty Global plc is listed on the Nasdaq Global Select Market under the symbols “LBTYA”, “LBTYB” and “LBTYK”. Liberty Global Belgium Holding is an indirect wholly-owned subsidiary of Liberty Global plc, and is a private limited liability company incorporated under the laws of the Netherlands. For more information, please visit www.libertyglobal.com or contact the below press contacts. Warnings: This communication is for informational purposes only and does not constitute or form part of an offer to purchase or invitation to sell or issue, securities of Telenet, nor a solicitation by anyone in any jurisdiction in respect of such securities, any vote or approval. This press release may not be published, distributed or disseminated in any country or territory where its publication or content would be illegal or may require registration or any other filing of documents. Anyone in possession of this press release must refrain from publishing, distributing or disseminating it in the countries and territories concerned. This announcement is only an expression of an intention and does not constitute a formal notification of a voluntary public takeover bid within the meaning of the Takeover Decree and the Law of 1 April 2007 on public takeover bids. The public tender offer referred to in this press release (the Intended Offer) has not yet commenced. If Liberty Global Belgium Holding decides to formally launch the Intended Offer, at the time the Intended Offer is commenced, shareholders of Telenet are urged to read the Intended Offer documents, which will be made available at that time. U.S. shareholders of Telenet (the U.S. Shareholders) may also email [email protected] to request a copy of the offer documents, which will be provided free of charge upon request. The Intended Offer will not be made, directly or indirectly, in any country or jurisdiction in which it would be considered unlawful or otherwise violate any applicable laws or regulations, or which would require Liberty Global or any of its subsidiaries to change or amend the terms or conditions of the Intended Offer in any material way, to make an additional filing with any governmental, regulatory or other authority or take additional action in relation to the Intended Offer. It is not intended to extend the Intended Offer to any such country or jurisdiction. Any such documents relating to the Intended Offer must neither be distributed in any such country or jurisdiction nor be sent into such country or jurisdiction, and must not be used for the purpose of soliciting the purchase of securities of Telenet by any person or entity resident or incorporated in any such country or jurisdiction. Notice for U.S. Shareholders If Liberty Global Belgium Holding decides to formally launch the Intended Offer, the Intended Offer will be made in the U.S. in reliance on, and in compliance with, Section 14(e) of, and Regulation 14E under, the U.S. Securities Exchange Act of 1934, as amended (the U.S. Exchange Act), and the “Tier II” exemption provided by Rule 14d-1(d) under the U.S. Exchange Act, and otherwise in accordance with the requirements of Belgian law. Accordingly, the Intended Offer will be subject to disclosure and other procedural requirements, including with respect to withdrawal rights, settlement procedures and timing of payments that are different from those applicable under U.S. procedures and laws. U.S. Shareholders should note that Telenet is not listed on a U.S. securities exchange, subject to the periodic reporting requirements of the U.S. Exchange Act or required to, and does not, file any reports with the U.S. Securities and Exchange Commission (the SEC) thereunder. It may be difficult for U.S. Shareholders to enforce certain rights and claims arising in connection with the Intended Offer under US federal securities laws since Telenet and Liberty Global Belgium Holding are located outside the United States and most of its officers and directors may reside outside the United States. It may not be possible to sue a non-U.S. company or its officers or directors in a non-U.S. court for violations of U.S. securities laws. It also may not be possible to compel a non-U.S. company or its affiliates to subject themselves to a U.S. court’s judgment. To the extent permissible under applicable laws and regulations (including Rule 14e-5 under the U.S. Exchange Act and any exemptive relief granted by the SEC therefrom), and in accordance with customary Belgian practice, Liberty Global Belgium Holding, its nominees or brokers (acting as agents), or any of its or their affiliates, may make certain purchases of, or arrangements to purchase, shares outside the United States following the announcement of Liberty Global Belgium Holding’s intention to launch the Intended Offer and during the period in which the Intended Offer remains open for acceptance, including sales and purchases of shares effected by any investment bank acting as market maker in the shares. These purchases, or other arrangements, may occur either in the open market at prevailing prices or in private transactions at negotiated prices. In order to be excepted from the requirements of Rule 14e-5 under the U.S. Exchange Act by virtue of Rule 14e-5(b) thereunder, such purchases, or arrangements to purchase must comply with applicable Belgian law and regulation and the relevant provisions of the U.S. Exchange Act. Any information about such purchases will be disclosed as required in Belgium and the United States. Furthermore, this press release does not constitute or form part of an offer to sell, nor does it constitute a solicitation of an order to buy financial instruments in the United States or in any other jurisdiction. Forward-Looking Statement This press release contains forward-looking statements within the meaning of the U.S. federal securities laws, including the safe harbour provisions of the U.S. Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “may,” “target,” and similar expressions and variations or negatives of these words. These forward-looking statements may include, among other things, statements relating to the outlook of Telenet and Liberty Global; operational expectations, including with respect to the development, launch and benefits of innovative and advanced products and services, including gigabit speeds, new technology and next generation platform rollouts or launches; future growth prospects and opportunities, results of operations, uses of cash, tax rates, and other measures that may impact the financial performance of the companies; anticipated benefits and synergies and estimated costs of the proposed transaction; the expected timing of completion of the proposed transaction; and other information and statements that are not historical facts. 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 events that are outside of the control of the parties, such as: (i) Telenet, Liberty Global, and our respective operating companies’ ability to meet challenges from competition and to achieve forecasted financial and operating targets; (ii) the effects of changes in laws or regulations; (iii) general economic, legislative, political and regulatory factors, and the impact of weather conditions, natural disasters, or any epidemic, pandemic or disease outbreak (including COVID-19); (vi) Telenet, Liberty Global, and our respective affiliates’ ability to satisfy the conditions to the consummation of the proposed transaction; (v) the proposed transaction may not be completed on anticipated terms and timing or completed at all; (vi) the outcome of any potential litigation that may be instituted with respect to the proposed transaction; (vii) the potential impact of unforeseen liabilities, future capital expenditures, revenues, expenses, economic performance, indebtedness, financial condition on the future prospects and business of Telenet and Liberty Global’s Belgium business after the consummation of the proposed transaction; (viii) any negative effects of the announcement, pendency or consummation of the proposed transaction; and (ix) management’s response to any of the aforementioned factors. For additional information on identifying factors that may cause actual results to vary materially from those stated in forward-looking statements, please see Liberty Global’s filings with the SEC, including Liberty Global’s most recently filed Form 10-K, as well as the regulated information filed by Telenet before the Belgium Financial Services and Markets Authority. These forward-looking statements speak only as of the date of this release. Telenet and Liberty Global expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

1 year ago - businesswire.com

DENVER, Colorado--(BUSINESS WIRE)--Liberty Global plc (“Liberty Global”) (NASDAQ: LBTYA, LBTYB and LBTYK) announces that, through its wholly-owned subsidiary Liberty Global Belgium Holding B.V., (“Liberty Global Belgium Holding”), it intends to launch a voluntary and conditional public takeover bid for all the shares of Telenet Group Holding NV (“Telenet”) that it does not already own or that are not held by Telenet (the “Intended Offer”). Liberty Global has been the controlling shareholder of Telenet since February 2007 and currently owns 59.18% of Telenet’s outstanding issued share capital. Telenet owns 3.12% of the outstanding issued share capital in treasury. The Intended Offer would be an offer in cash at a price of EUR 22.00 per share. This price represents a premium of 59% compared to the closing price of Telenet on March 15, 2023, and a premium of 52% compared to the volume-weighted average trading price of Telenet over one month before such date. Telenet’s board of directors, subject to customary conditions, unanimously supports and recommends the Intended Offer as confirmed in the statement Telenet has issued today. The Telenet board of directors will provide its formal opinion in a response memorandum which it will issue in accordance with the applicable legal framework. If Telenet’s ordinary general meeting on 26 April 2023 approves the payment of a gross dividend of EUR 1.00 per share as proposed by Telenet’s board of directors and the ex-dividend date (3 May 2023) falls prior to the date of payment of the offer price, the offer price per share will be reduced by the total gross amount of such dividend (before any applicable tax deduction). Mike Fries, CEO, Liberty Global, commented: “We believe an offer of EUR 22.00 per share provides a good opportunity for Telenet shareholders to monetize their investment at an attractive premium. We welcome the unanimous decision of Telenet’s board of directors to support and recommend this offer. We are proud of how Telenet has evolved in recent years, and we are fully committed to Belgium and all the company’s stakeholders.” The purchase of shares will be funded by non-recourse debt financing obtained by Liberty Global Belgium Holding. No Liberty Global corporate cash, liquidity or corporate guarantees are required to finance the share purchases. Liberty Global Belgium Holding has published a notice in accordance with article 8, §1 of the Royal Decree of 27 April 2007 on Public Takeover Bids regarding Liberty Global Belgium Holding’s intention to make the Intended Offer which can be found here: Article 8 Announcement. JP Morgan, BNP Paribas and LionTree Advisors are acting as financial advisers and Allen & Overy, Shearman & Sterling and Ropes & Gray as legal advisers to Liberty Global. Goldman Sachs International is acting as financial adviser and Freshfields Bruckhaus Deringer LLP is acting as legal advisor to Telenet. Baker McKenzie is acting as legal adviser to the independent directors of Telenet. The independent directors of Telenet have appointed Lazard BV/SRL as independent expert in accordance with article 23 of the royal decree of 27 April 2007 on public takeovers. ABOUT LIBERTY GLOBAL Liberty Global (NASDAQ: LBTYA, LBTYB and LBTYK) is a world leader in converged broadband, video and mobile communications services. We deliver next-generation products through advanced fiber and 5G networks, and currently provide over 86 million* connections across Europe and the United Kingdom. Our businesses operate under some of the best-known consumer brands, including Virgin Media-O2 in the United Kingdom, VodafoneZiggo in The Netherlands, Telenet in Belgium, Sunrise in Switzerland, Virgin Media in Ireland and UPC in Slovakia. Through our substantial scale and commitment to innovation, we are building Tomorrow’s Connections Today, investing in the infrastructure and platforms that empower our customers to make the most of the digital revolution, while deploying the advanced technologies that nations and economies need to thrive. Liberty Global’s consolidated businesses generate annual revenue of more than $7 billion, while the VodafoneZiggo JV and the VMO2 JV generate combined annual revenue of more than $17 billion.** Liberty Global Ventures, our global investment arm, has a portfolio of more than 75 companies and funds across content, technology and infrastructure, including strategic stakes in companies like Televisa Univision, Plume, Lionsgate and the Formula E racing series. * Represents aggregate consolidated and 50% owned non-consolidated fixed and mobile subscribers. Includes wholesale mobile subscribers of the VMO2 JV and B2B fixed subscribers of the VodafoneZiggo JV. ** Revenue figures above are provided based on full year 2022 Liberty Global’s consolidated results (excluding revenue from Poland) and the combined as reported full year 2022 results for the VodafoneZiggo JV and full year 2022 U.S. GAAP results for the VMO2 JV. Telenet, the VMO2 JV, the VodafoneZiggo JV and Sunrise UPC deliver mobile services as mobile network operators. Virgin Media Ireland delivers mobile services as a mobile virtual network operator through third-party networks. Liberty Global plc is listed on the Nasdaq Global Select Market under the symbols “LBTYA”, “LBTYB” and “LBTYK”. Liberty Global Belgium Holding is an indirect wholly-owned subsidiary of Liberty Global plc, and is a private limited liability company incorporated under the laws of the Netherlands. For more information, please visit www.libertyglobal.com or contact: BELGIAN TAKEOVER RULES When Liberty Global Belgium Holding formally launches a voluntary and conditional public takeover bid, it will file a draft prospectus with the FSMA, together with a report prepared by an independent expert appointed by the independent directors of Telenet. The board of directors of Telenet will examine the draft prospectus and present its detailed opinion in a response memorandum. The timing of the launch of the Intended Offer is subject to FSMA approval of the prospectus and the response memorandum. Once approved, the prospectus, independent expert report and response memorandum will be made available to Telenet shareholders in accordance with further announcements. WARNINGS: This communication is for informational purposes only and does not constitute or form part of an offer to purchase or invitation to sell or issue, securities of Telenet, nor a solicitation by anyone in any jurisdiction in respect of such securities, any vote or approval. This press release may not be published, distributed or disseminated in any country or territory where its publication or content would be illegal or may require registration or any other filing of documents. Anyone in possession of this press release must refrain from publishing, distributing or disseminating it in the countries and territories concerned. This announcement is only an expression of an intention and does not constitute a formal notification of a voluntary public takeover bid within the meaning of the Royal Decree of 27 April 2007 and the Law of 1 April 2007 on public takeover bids. If Liberty Global Belgium Holding decides not to proceed with the Intended Offer, it will report about this in accordance with its legal obligations. The public tender offer referred to in this press release (the Intended Offer) has not yet commenced. If Liberty Global Belgium Holding decides to formally launch the Intended Offer, at the time the Intended Offer is commenced, shareholders of Telenet are urged to read the Intended Offer documents, which will be made available at that time. U.S. shareholders of Telenet (the U.S. Shareholders) may also email [email protected] to request a copy of the offer documents, which will be provided free of charge upon request. The Intended Offer will not be made, directly or indirectly, in any country or jurisdiction in which it would be considered unlawful or otherwise violate any applicable laws or regulations, or which would require Liberty Global or any of its subsidiaries to change or amend the terms or conditions of the Intended Offer in any material way, to make an additional filing with any governmental, regulatory or other authority or take additional action in relation to the Intended Offer. It is not intended to extend the Intended Offer to any such country or jurisdiction. Any such documents relating to the Intended Offer must neither be distributed in any such country or jurisdiction nor be sent into such country or jurisdiction, and must not be used for the purpose of soliciting the purchase of securities of Telenet by any person or entity resident or incorporated in any such country or jurisdiction. Notice for U.S. Shareholders If Liberty Global Belgium Holding decides to formally launch the Intended Offer, the Intended Offer will be made in the U.S. in reliance on, and in compliance with, Section 14(e) of, and Regulation 14E under, the U.S. Securities Exchange Act of 1934, as amended (the U.S. Exchange Act), and the “Tier II” exemption provided by Rule 14d-1(d) under the U.S. Exchange Act, and otherwise in accordance with the requirements of Belgian law. Accordingly, the Intended Offer will be subject to disclosure and other procedural requirements, including with respect to withdrawal rights, settlement procedures and timing of payments that are different from those applicable under U.S. procedures and laws. U.S. Shareholders should note that Telenet is not listed on a U.S. securities exchange, subject to the periodic reporting requirements of the U.S. Exchange Act or required to, and does not, file any reports with the U.S. Securities and Exchange Commission (the SEC) thereunder. It may be difficult for U.S. Shareholders to enforce certain rights and claims arising in connection with the Intended Offer under US federal securities laws since Telenet and Liberty Global Belgium Holding are located outside the United States and most of its officers and directors may reside outside the United States. It may not be possible to sue a non-U.S. company or its officers or directors in a non-U.S. court for violations of U.S. securities laws. It also may not be possible to compel a non-U.S. company or its affiliates to subject themselves to a U.S. court’s judgment. To the extent permissible under applicable laws and regulations (including Rule 14e-5 under the U.S. Exchange Act and any exemptive relief granted by the SEC therefrom), and in accordance with customary Belgian practice, Liberty Global Belgium Holding, its nominees or brokers (acting as agents), or any of its or their affiliates, may make certain purchases of, or arrangements to purchase, shares outside the United States following the announcement of Liberty Global Belgium Holding’s intention to launch the Intended Offer and during the period in which the Intended Offer remains open for acceptance, including sales and purchases of shares effected by any investment bank acting as market maker in the shares. These purchases, or other arrangements, may occur either in the open market at prevailing prices or in private transactions at negotiated prices. In order to be excepted from the requirements of Rule 14e-5 under the U.S. Exchange Act by virtue of Rule 14e-5(b) thereunder, such purchases, or arrangements to purchase must comply with applicable Belgian law and regulation and the relevant provisions of the U.S. Exchange Act. Any information about such purchases will be disclosed as required in Belgium and the United States. Furthermore, this press release does not constitute or form part of an offer to sell, nor does it constitute a solicitation of an order to buy financial instruments in the United States or in any other jurisdiction. Forward-Looking Statement This press release contains forward-looking statements within the meaning of the U.S. federal securities laws, including the safe harbour provisions of the U.S. Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “may,” “target,” and similar expressions and variations or negatives of these words. These forward-looking statements may include, among other things, statements relating to the outlook of Telenet and Liberty Global; operational expectations, including with respect to the development, launch and benefits of innovative and advanced products and services, including gigabit speeds, new technology and next generation platform rollouts or launches; future growth prospects and opportunities, results of operations, uses of cash, tax rates, and other measures that may impact the financial performance of the companies; anticipated benefits and synergies and estimated costs of the proposed transaction; the expected timing of completion of the proposed transaction; and other information and statements that are not historical facts. 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 events that are outside of the control of the parties, such as: (i) Telenet, Liberty Global, and our respective operating companies’ ability to meet challenges from competition and to achieve forecasted financial and operating targets; (ii) the effects of changes in laws or regulations; (iii) general economic, legislative, political and regulatory factors, and the impact of weather conditions, natural disasters, or any epidemic, pandemic or disease outbreak (including COVID-19); (iv) Telenet, Liberty Global, and our respective affiliates’ ability to satisfy the conditions to the consummation of the proposed transaction; (v) the proposed transaction may not be completed on anticipated terms and timing or completed at all; (vi) the outcome of any potential litigation that may be instituted with respect to the proposed transaction; (vii) the potential impact of unforeseen liabilities, future capital expenditures, revenues, expenses, economic performance, indebtedness, financial condition on the future prospects and business of Telenet and Liberty Global’s Belgium business after the consummation of the proposed transaction; (viii) any negative effects of the announcement, pendency or consummation of the proposed transaction; and (ix) management’s response to any of the aforementioned factors. For additional information on identifying factors that may cause actual results to vary materially from those stated in forward-looking statements, please see Liberty Global’s filings with the SEC, including Liberty Global’s most recently filed Form 10-K, as well as the regulated information filed by Telenet before the Belgium Financial Services and Markets Authority. These forward-looking statements speak only as of the date of this release. Telenet and Liberty Global expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Further Information A copy of this announcement is also available on Liberty Global’s website at www.libertyglobal.com. The content of this website is not incorporated in, and does not form part of, this announcement.

1 year ago - businesswire.com

DENVER, Colorado--(BUSINESS WIRE)--Liberty Global plc (“Liberty Global”) (NASDAQ: LBTYA, LBTYB and LBTYK) will be presenting at the New Street Research Fiber to the Future Conference on Tuesday, March 28, 2023, at 11:15 am EDT. Liberty Global may make observations concerning its historical operating performance and outlook. The presentation will be webcast live at www.libertyglobal.com. We intend to archive the webcast under the Investor Relations section of our website for approximately 30 days. ABOUT LIBERTY GLOBAL Liberty Global (NASDAQ: LBTYA, LBTYB and LBTYK) is a world leader in converged broadband, video and mobile communications services. We deliver next-generation products through advanced fiber and 5G networks, and currently provide over 86 million connections* across Europe and the United Kingdom. Our businesses operate under some of the best-known consumer brands, including Virgin Media-O2 in the U.K., VodafoneZiggo in The Netherlands, Telenet in Belgium, Sunrise in Switzerland, Virgin Media in Ireland and UPC in Slovakia. Through our substantial scale and commitment to innovation, we are building Tomorrow’s Connections Today, investing in the infrastructure and platforms that empower our customers to make the most of the digital revolution, while deploying the advanced technologies that nations and economies need to thrive. Our consolidated businesses generate annual revenue of more than $7 billion, while the VMO2 JV and VodafoneZiggo JV generate combined annual revenue of more than $17 billion.** Liberty Global Ventures, our global investment arm, has a portfolio of more than 75 companies across content, technology and infrastructure, including strategic stakes in companies like ITV, Televisa Univision, Plume, AtlasEdge and the Formula E racing series. * Represents aggregate consolidated and 50% owned non-consolidated fixed and mobile subscribers. Includes wholesale mobile subscribers of the VMO2 JV and B2B fixed subscribers of the VodafoneZiggo JV. ** Revenue figures above are provided based on full year 2022 Liberty Global consolidated results (excluding revenue from Poland) and the combined as reported full year 2022 results for the VodafoneZiggo JV and full year 2022 U.S. GAAP results for the VMO2 JV. For more information, please visit www.libertyglobal.com.

1 year ago - proactiveinvestors.co.uk

BT Openreach's pending wholesale price cuts to internet service providers (ISPs) are “desperate and premature” according to Mike Fries, chair of Virgin Media O2 owner Liberty Global (NASDAQ:LBTYA). Dubbed Equinox 2, BT Openreach is due to reduce its wholesale costs in April to encourage broadband providers like Sky, TalkTalk and Vodafone to move to high-speed full-fibre broadband.

1 year ago - seekingalpha.com

Liberty Global plc (NASDAQ:LBTYA ) Q4 2022 Earnings Conference Call February 23, 2023 9:30 AM ET Company Participants Mike Fries - Chief Executive Officer Charlie Bracken - Executive Vice President & Chief Financial Officer André Krause - Chief Executive Officer, Sunrise Lutz Schüler - Chief Executive Officer, Virgin Media Rick Westerman - Senior Vice President of Investor Relations Conference Call Participants Sam McHugh - BNP Exane James Ratcliffe - Evercore Maurice Patrick - Barclays Robert Grindle - Deutsche Bank Luis Sanchez-Lecaroz - Credit Suisse Polo Tang - UBS Steve Malcolm - Redburn Carl Murdock-Smith - Berenberg Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Liberty Global Fourth Quarter 2022 Investor Call.

1 year ago - proactiveinvestors.co.uk

Liberty Global (NASDAQ:LBTYA), the owner of Virgin Media O2 and 5 % of Vodafone, is mulling a takeover of full-fibre alternative broadband provider Trooli for up to £100mln, according to recent reports. Trooli, which services fibre-to-the-premises (FTTP) high-speed broadband infrastructure across the south of England, has been seeking buyers as part of a broader trend of consolidation in the cramped altnet sector.