Major Shareholding Notification • Dec 31, 2020
Major Shareholding Notification
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The enclosed information constitutes regulated information as defined in the Royal Decree of 14 November 2007 on the obligations of issuers of financial instruments admitted to trading on a regulated market.
Mechelen, 31 December 2020 – 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 29 December 2020 it received a transparency notification dated 29 December 2020 from Liberty Global Plc, Liberty Global Broadband I Ltd, UnitedGlobalCom LLC, Liberty Global Holding BV, Binan Investments BV, Liberty Global Europe Holding II BV, Liberty Global Holdings Inc, LGI International LLC, Liberty Global Inc and Telenet Group Holding, in accordance with articles 6 and 18 of the Law of 2 May 2007.
In its notification dated 29 December 2020, received on 29 December 2020, Liberty Global Plc notifies changes in the chain of control over Telenet Group Holding NV within the Liberty Global group as a consequence of transactions with related parties. The ultimate control over Telenet Group Holding NV does not change. On 23 December 2020 Liberty Global Holding BV transferred 100% of the shares in Binan Investments BV to Liberty Global Holding II BV. On 29 December 2020 the capital of Liberty Global Europe Holding II BV was increased as a consequence of which Liberty Global Holdings Inc acquired 20% of the voting rights (represented by 71.43% of the shares) in Liberty Global Europe Holding II BV (80% of the voting rights, represented by 28.57% of the shares in Liberty Global Europe Holding II BV remained with Liberty Global Holding BV following such capital increase). Liberty Global Holdings Inc is a subsidiary of LGI International LLC, which itself is a subsidiary of Liberty Global Inc, itself a subsidiary of Liberty Global plc.
The transparency notification received on 29 December 2020 contains the following information:
Acquisition or disposal of the control of an undertaking that holds a participating interest in an issuer
A parent undertaking or a controlling person
| Liberty Global Plc | Griffin House, 161 Hammersmith Road, Londen W8BS, United Kingdom |
|---|---|
| Liberty Global Broadband I Ltd | Griffin House, 161 Hammersmith Road, Londen W8BS, United Kingdom |
| UnitedGlobalCom LLC | 1550 Wewatta Street, Suite 1000, Denver, CO 80202 United States of America |
| Liberty Global Holding BV | Boeingavenue 53, 119PE Schiphol Rijk, The Netherlands |
| Binan Investments BV | Boeingavenue 53, 119PE Schiphol Rijk, The Netherlands |
| Liberty Global Europe Holding II BV | Boeingavenue 53, 119PE Schiphol Rijk, The Netherlands |
| Liberty Global Holdings Inc | 1550 Wewatta Street, Suite 1000, Denver, CO 80202 United States of |
|---|---|
| LGI International LLC | America 1550 Wewatta Street, Suite 1000, Denver, CO 80202 United States of |
| Liberty Global Inc | America 1550 Wewatta Street, Suite 1000, Denver, CO 80202 United States of |
| Telenet Group Holding NV | America Liersesteenweg 4, 2800 Mechelen |
23 December 2020
60%
• Denominator
113.841.819
| A) | Voting rights | Previous notification | After the transaction | |||
|---|---|---|---|---|---|---|
| # voting rights | # of voting rights | % of voting rights | ||||
| Holders of voting rights | Linked to securities |
Not linked to the securities |
Linked to securities |
Not linked to the securities |
||
| Liberty Global Plc | 0 | 0 | 0 | 0.00% | 0.00% | |
| Liberty Global Broadband I Ltd |
0 | 0 | 0 | 0.00% | 0.00% | |
| UnitedGlobalCom LLC | 0 | 0 | 0 | 0.00% | 0.00% | |
| Liberty Global Holding BV | 0 | 0 | 0 | 0.00% | 0.00% | |
| Liberty Global Inc | 0 | 0 | 0.00% | 0.00% | ||
| LGI International LLC | 0 | 0 | 0.00% | 0.00% | ||
| Liberty Global Holdings Inc | 0 | 0 | 0.00% | 0.00% | ||
| Liberty Global Europe Holding II BV |
0 | 0 | 0.00% | 0.00% | ||
| Binan Investments BV | 66,342,037 | 66,342,037 | 0 | 58.28% | 0.00% | |
| Subtotal | 66,342,037 | 66,342,037 | 58.28% | |||
| Telenet Group Holding NV | 4,598,558 | 4,598,558 | 0 | 4.04% | 0.00% | |
| TOTAL | 70,940,595 | 0 | 62.32% | 0.00% |
| TOTAL | 0 | 0.00% | ||||
|---|---|---|---|---|---|---|
| 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 |
Settlement |
| B) Equivalent financial instruments |
After the transaction |
| 70,940,595 | 62.32% | |
|---|---|---|
| TOTAL (A & B) | # of voting rights | % of voting rights |
• Full chain of controlled undertakings through which the holding is effectively held
This transparency notification concerns changes in the chain of control over Telenet Group Holding NV within the Liberty Global group as a consequence of transactions with related parties. The ultimate control over Telenet Group Holding NV does not change. On 23 December 2020 Liberty Global Holding BV transferred 100% of the shares in Binan
Investments BV to Liberty Global Holding II BV. On 29 December 2020 the capital of Liberty Global Europe Holding II BV was increased as a consequence of which Liberty Global Holdings Inc acquired 20% of the voting rights (represented by 71.43% of the shares) in Liberty Global Europe Holding II BV (80% of the voting rights, represented by 28.57% of the shares in Liberty Global Europe Holding II BV remained with Liberty Global Holding BV following such capital increase). Liberty Global Holdings Inc is a subsidiary of LGI International LLC, which itself is a subsidiary of Liberty Global Inc, itself a subsidiary of Liberty Global plc.
The full text of this notification is also available on our investor website: https://investors.telenet.be.
| Investor Relations: | Rob Goyens | [email protected] | +32 15 333 054 |
|---|---|---|---|
| Bart Boone | [email protected] | +32 15 333 699 | |
| 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. Liberty Global - one of the world's leading converged video, broadband and communications companies, innovating and empowering people in six countries across Europe to make the most of the digital revolution – owns a direct stake of 58.3% in Telenet Group Holding NV (excluding any treasury shares held by the latter from time to time).
Additional Information – Additional information on Telenet and its products can be obtained from the Company's website http://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 2019 as well as unaudited condensed consolidated interim financial statements and presentations related to the financial results for the nine months ended September 30, 2020 have been made available on the investor relations pages of the Company's website (http://investors.telenet.be).
This document has been released on 31 December 2020 at 6:00 pm CET
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