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LIBERTY GLOBAL WILL REOPEN ITS OFFER AS A SIMPLIFIED SQUEEZE-OUT ON 22 SEPTEMBER 2023
Telenet will become 100% owned by Liberty Global. Telenet shares delisted at close of trade on 13 October 2023 DENVER, Colorado--(BUSINESS WIRE)-- Liberty
About this update from Liberty Global Ltd.
[{"type":"text","content":"\nTelenet will become 100% owned by Liberty Global. Telenet shares delisted at close of trade on 13 October 2023\n\n\n DENVER, Colorado--(BUSINESS WIRE)--\nLiberty Global plc (Liberty Global) (NASDAQ: LBTYA, LBTYB and LBTYK) is pleased to announce today that, during the mandatory reopening period of its voluntary public takeover bid for all the shares of Telenet Group Holding NV (Telenet) (the Offer) by its indirect wholly-owned subsidiary, Liberty Global Belgium Holding B.V. (the Offeror), which closed on 13 September 2023, it received acceptances for 3,164,944 Telenet shares1. These acceptances, together with the Telenet shares already held by the Offeror and Telenet, represent 96.26% of the total shares issued by Telenet.\n\n\nPayment of the offer price for the Telenet shares tendered during the mandatory reopening period (EUR 21.00 per share after deduction of the EUR 1.00 gross dividend approved by Telenet’s ordinary general meeting of 26 April 2023 and paid on 5 May 2023) will take place on the payment date, 21 September 2023.\n\n\nFollowing the payment date, the Offeror will reopen the Offer as a simplified squeeze-out bid2 (the Simplified Squeeze-Out), subject to the same financial conditions as the Offer.\n\n\nThe Simplified Squeeze-Out will open at 9:00am CET on 22 September 2023 and will close at 4.00pm CET on 13 October 2023 (the Simplified Squeeze-Out Period). Shareholders who have not yet accepted the Offer will be able to accept the Offer during the Simplified Squeeze-Out Period.\n\n\nThe results of the Simplified Squeeze-Out will be announced on or before 20 October 2023. Shares not tendered by the end of the Simplified Squeeze-Out Period will be deemed to have automatically transferred to the Offeror at the end of the Simplified Squeeze-Out Period, and the funds required to pay the bid price for such non-tendered shares will be deposited with the Deposit and Consignment Office.\n\n\nOn 13 October 2023, at the end of the Simplified Squeeze-Out Period, all Telenet shares will be delisted from Euronext Brussels.\n\n\nThe prospectus, approved in English and translated into Dutch and French, the response memorandum, approved in Dutch and translated into English and French, the independent expert report, available in English, and the acceptance forms, available in English, Dutch and French, are available on the follow...