Telenet details payment of reduction dividend and capital
- ► Gross dividend of €1.00 1.00 per share, to be paid on May 10, 2012;
- ► Net capital reduction of €3.25 per share, to be paid on August 31, 2012;
- ► Combined attractive net ongoing share repurchases under the Share Repurchase Program 2012. ttractive yield of 12% at current market price % price, supported by
Mechelen, April 26, 2012 – Yesterday Telenet Group Holding NV (Euronext Brussels: TNET) approved €4.25 per share. This shareholder disbursement consists of (i) a gross dividend of a net capital reduction of €3.25 per share. Yesterday, the annual and extraordinary general shareholders' meeting of the proposed shareholder disbursement of .25 €1.00 per share; and (ii)
Payment details – gross dividend dividend of €1.00 per share
- Ex date: May 7, 2012 the VVPR-strips of Telenet Group Holding will be traded on Euronext Brussels ex coupon no. Hence, coupon no. 5 value as from May 7, 2012 – As of the opening of the stock exchange on May 7, 2012, the strips of the VVPR-strips of Telenet Group Holding NV will be declared without 2012. shares and 5.
- Record date: May 9, 2012
- Payment date: May 10 no. 5. The effective payment of the on May 10, 2012. As of May 10, 2012, holders of bearer shares can obtain the payment at the branches of ING Belgium 5. , 10, 2012 - The right to receive the payment will be represented by coupon . dividend for registered and dematerialized shares will occur (acting as the Company's paying agent) upon presentation of coupon no. strips tax under Belgian
- Withholding tax: The dividend payment is law. Holders of the VVPR strips of the net dividend can treaties between Belgium and the respective reduced withholding tax, shareholders will need to submit a fiscal attestation in this respect to the Company's paying agent, at the latest 10 calendar days after the payment date. typically subject to 25% withholding tax olders benefit from a reduced withholding tax level of 21% can, however, differ for foreign shareholders depending on the double foreign countries. In order to benefit from the 21%. The amount tax
Payment details – net capital reduction s reduction of €3.25 per share
- Ex date: August 28, 2012 shares and the VVPR coupon no. 6. Hence, c declared without value as from , – As of the opening of the stock exchange on VVPR-strips of Telenet Group Holding will be traded on Euronext Brussels ex coupon no. 6 of the VVPR-strips of Telenet Group Holding NV will be August 28, 2012. August 28, 2012, the strips strips will
- Record date: August 30 30, 2012
- Payment date: August 31 no. 6. The effective payment of the occur on August 31, 2012 payment at the branches of ING Belgium presentation of coupon no. 31, 2012 - The right to receive the payment will be represented by coupon capital reduction for registered and dematerialized shares , 2012. As of August 31, 2012, holders of bearer shares can obtain the (acting as the Company's paying agent) 6. , upon
Contacts
Investor Relations &
_____________________
Corporate Communication: Vincent Bruyneel – [email protected] – Phone: +32 15 335 696 Investor Relations: Rob Goyens – [email protected] – Phone: +32 15 333 054 Press & Media Relations: Stefan Coenjaerts – [email protected] – Phone: +32 15 335 006
About Telenet – Telenet is a leading provider of media and telecommunication services. Its business comprises the provision of cable television, high speed internet and fixed and mobile telephony services, primarily to residential customers in Flanders and Brussels. In addition, Telenet offers services to business customers across Belgium under the brand Telenet for Business. Telenet is listed on the Euronext Brussels Stock Exchange under the ticker symbol TNET and is part of the BEL20 stock market index.