Liberty Broadband Corporation Announces Ex-Dividend Date, When-Issued Trading and Trading Symbol Information for Rights Offer...
09 December 2014 - 1:44PM
Business Wire
Liberty Broadband Corporation (“Liberty Broadband”) (Nasdaq:
LBRDA, LBRDK) announced today that Nasdaq has established December
11, 2014 as the ex-dividend date for the distribution of
subscription rights to purchase shares of Liberty Broadband’s
Series C common stock (the “Series C Rights”) in connection with
its previously announced rights offering. Therefore, as a result of
“due bill” trading procedures, those persons acquiring shares of
Liberty Broadband’s common stock in the market through December 10,
2014 will be entitled to receive Series C Rights. Liberty Broadband
expects that the Series C Rights will trade on a when-issued basis
on the Nasdaq Global Select Market under the symbol “LBKRV” on
December 10, 2014 and will begin trading in the regular way on the
Nasdaq Global Select Market under the symbol “LBRKR” on December
11, 2014.
The completion of the Series C Rights distribution remains
subject to the satisfaction of conditions, including the receipt of
the opinion of tax counsel. Further, the board of directors of
Liberty Broadband reserves the right to not complete the rights
offering at any time, including following the completion of the
distribution of the Series C Rights, and for any reason.
None of Liberty Broadband, its board of directors or any
committee of its board of directors is making any recommendation to
rightsholders as to whether to exercise or sell their Series C
Rights. This press release is for informational purposes only and
is not an offer to purchase or a solicitation of an offer to sell
shares of Series C common stock. Rightsholders should carefully
read the final prospectus relating to the rights offering insofar
as it relates to the rights offering before making any decisions
with respect to their Series C Rights.
About Liberty Broadband
Corporation
Liberty Broadband Corporation is comprised of, among other
things, its interest in Charter Communications, its subsidiary
TruePosition and a minority equity investment in Time Warner
Cable.
Liberty Broadband CorporationCourtnee Ulrich, 720-875-5420
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