Major Shareholding Notification • Jan 10, 2018
Major Shareholding Notification
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The enclosed information constitutes regulated information as defined in the Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market.
Brussels, 10 January 2018 – Telenet Group Holding NV ("Telenet" or the "Company") (Euronext Brussels: TNET) hereby discloses, in accordance with article 14, first paragraph of the Law of 2 May 2007, that, on 10 January 2018, it received a transparency notification dated 9 January 2018 from Liberty Global Plc, Liberty Global Europe LLC (merged with UnitedGlobalCom LLC), UnitedGlobalCom LLC, LGI Slovakia Holdings, Inc., LGI International LLC, Liberty Global, Inc. and Lynx Finance 1 LLC (liquidated) in accordance with article 6 of the Law of 2 May 2007.
In this notification, Liberty Global Plc provides an update of its notification of 11 January 2016 in which it reported a change in the control chain of its shareholding in Telenet pursuant to a number of intra-group transactions which took place on 23 November 2015. In addition it reported that Liberty Global Plc had now become the ultimate parent company of Telenet.
In this transparency notification of 9 January 2018, Liberty Global Plc reports a change in the control chain of its shareholding in Telenet pursuant to three new intra-group transactions. First, Lynx Finance 1 LLC was dissolved and liquidated on 29 August 2017. Second, Liberty Global Europe LLC and UnitedGlobalCom LLC merged on 14 December 2017, whereby UnitedGlobalCom LLC absorbed Liberty Global Europe LLC. And third, LGI International LLC (formerly LGI International, Inc.) contributed all its shares in Liberty Global Broadband I Ltd to LGI Slovakia Holdings, Inc. on 22 December 2017. These transactions took place between and were realised by 100% subsidiaries of Liberty Global Plc, which remains the ultimate parent company of Telenet.
This transparency notification of 9 January 2018 does not report any change in the shareholding of Liberty Global Plc since its last notification of 11 January 2016.
This transparency notification of 9 January 2018, contains the following information:
Acquisition or disposal of the control over an entity which holds a participation in an issuer
Notification by A parent company or a controlling entity
| | Person(s) required to notify | |
|---|---|---|
| Liberty Global Plc | Griffin House 161 Hammersmith Road, | |
| Hammersmith W6 8 BS, United |
||
| Kingdom | ||
| Liberty Global Europe LLC | 1550 Wewatta Street, Suite 1000, |
|
| Denver, Colorado 80202, USA | ||
| UnitedGlobalCom LLC | 1550 Wewatta Street, Suite 1000, |
|
| Denver, Colorado 80202, USA | ||
| Liberty Global, Inc. | 1550 Wewatta Street, Suite 1000, |
|
| Denver, Colorado 80202, USA | ||
| Lynx Finance 1 LLC | 1550 Wewatta Street, Suite 1000, |
|
| Denver, Colorado 80202, USA | ||
| LGI International, Inc. | 1550 Wewatta Street, Suite 1000, |
|
| Denver, Colorado 80202, USA |
LGI Slovakia Holdings, Inc. 1550 Wewatta Street, Suite 1000, Denver, Colorado 80202, USA
| A) Voting rights |
Previous notification | After the transaction | |||
|---|---|---|---|---|---|
| # voting rights | # of voting rights | % of voting rights | |||
| Holders of voting rights | Linked to | Not linked to | Linked to | Not linked | |
| securities | the securities | securities | to the | ||
| securities | |||||
| Liberty Global Plc | 0 | 0 | 0 | 0.00% | 0.00% |
| Liberty Global, Inc. | 0 | 0 | 0 | 0.00% | 0.00% |
| UnitedGlobalCom LLC | 0 | 0 | 0 | 0.00% | 0.00% |
| Liberty Global Europe LLC | 0 | 0 | 0 | 0.00% | 0.00% |
| (merged with | |||||
| UnitedGlobalCom LLC) | |||||
| Liberty Global Broadband | 0 | 0 | 0 | 0.00% | 0.00% |
| II Ltd | |||||
| Lynx Finance 1 LLC | 0 | 0 | 0 | 0.00% | 0.00% |
| (liquidated) | |||||
| LGI International LLC | 0 | 0 | 0 | 0.00% | 0.00% |
| (formerly LGI | |||||
| International, Inc.) | |||||
| LGI Slovakia Holdings, Inc. | 0 | 0 | 0 | 0.00% | 0.00% |
| Liberty Global Broadband | 0 | 0 | 0 | 0.00% | 0.00% |
| I Ltd | |||||
| Binan Investments BV | 66,342,037 | 66,342,037 | 0 | 56.36% | 0.00% |
| Subtotal | 66,342,037 | 66,342,037 | 56.36% | ||
| Telenet Group Holding NV | 766,059 | 2,148,726 | 1.83% | ||
| Subtotal | 766,059 | 2,148,726 | 1.83% | ||
| TOTAL | 68,490,763 | 0 | 58.18% | 0.00% |
| B) | Equivalent financial instruments |
After the transaction | |||||
|---|---|---|---|---|---|---|---|
| Holders of equivalent financial instruments |
Type of financial instrument |
Expiration Date |
Exercise period or date |
# of voting rights that may be acquired if the instrument is exercised |
% of voting rights |
||
| N/A | |||||||
| TOTAL (in relation to all expiration dates) |
0 | 0.00% | |||||
| TOTAL (voting rights & equivalent financial instruments) |
# of voting rights % of voting | rights | |||||
| 68,490,763 | 58.18% |
Chain of controlled undertakings through which the holding is effectively held
This transparency declaration is made, insofar as necessary or applicable, by Liberty Global Plc as parent company and relates to changes in the control chain over Telenet Group Holding NV within the Liberty Global group.
The full text of this notification is also available on our investor website: http://investors.telenet.be.
| Investor Relations: | Rob Goyens | [email protected] | +32 15 333 054 |
|---|---|---|---|
| Press & Media: | Stefan Coenjaerts | [email protected] | +32 15 335 006 |
| Legal: | Bart van Sprundel | [email protected] | +32 15 333 495 |
About Telenet – As a provider of entertainment and telecommunication services in Belgium, Telenet Group is always looking for the perfect experience in the digital world for its customers. Under the brand name Telenet, the company focuses on offering digital television, high-speed Internet and fixed and mobile telephony services to residential customers in Flanders and Brussels. Under the brand name BASE, it supplies mobile telephony in Belgium. The Telenet Business department serves the business market in Belgium and Luxembourg with connectivity, hosting and security solutions. More than 3,000 employees have one aim in mind: making living and working easier and more pleasant. Telenet Group is part of Telenet Group Holding NV and is quoted on Euronext Brussel under ticker symbol TNET. For more information, visit www.telenet.be. Telenet is 57% owned by Liberty Global the world's largest international TV and broadband company, investing, innovating and empowering people in more than 30 countries across Europe, Latin America and the Caribbean to make the most of the digital revolution.
Additional Information – Additional information on Telenet and its products can be obtained from the Company's website www.telenet.be. Further information regarding the operating and financial data presented herein can be downloaded from the investor relations pages of this website. The Company's Consolidated Annual Report 2016 as well as unaudited condensed consolidated interim financial statements and presentations related to the financial results for the nine months ended 30 September 2017 have been made available on the investor relations pages of the Company's website (http://investors.telenet.be).
This document has been published on 10 January 2018 at 18:00 CET
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