Liberty Global Announces New $2 Billion Share Repurchase Program
19 December 2017 - 1:25AM
Business Wire
- Authorization is for LBTYA and LBTYK
shares
- Intended completion by year-end
2018
Liberty Global plc (“Liberty Global”) (NASDAQ: LBTYA, LBTYB and
LBTYK) today announces that its Board of Directors has authorized a
new $2.0 billion share repurchase program with respect to Liberty
Global Group Class A and Class C shares (“the Program”), with the
intention to complete the Program by year-end 2018.
Under the Program, Liberty Global may acquire from time to time
its Class A ordinary shares, Class C ordinary shares, or any
combination of Class A and Class C ordinary shares. The program may
be effected through open market transactions and/or privately
negotiated transactions, which may include derivative
transactions.
The timing of the repurchase of shares pursuant to the Program
will depend on a variety of factors, including market conditions
and applicable law. The Program may be implemented in conjunction
with brokers for the Company and other financial institutions with
whom the Company has relationships within certain pre-set
parameters and purchases may continue during closed periods in
accordance with applicable restrictions. The Program may be
suspended or discontinued at any time.
Forward-Looking Statements and Disclaimer
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements regarding the company’s share buyback
program and other information and statements that are not
historical fact. These forward-looking statements involve certain
risks and uncertainties that could cause actual results to differ
materially from those expressed or implied by these statements.
These risks and uncertainties include factors detailed from time to
time in our filings with the Securities and Exchange Commission
including the most recently filed Forms 10-K and 10-Q. These
forward-looking statements speak only as of the date of this
release. We expressly disclaim any obligation or undertaking to
disseminate any updates or revisions to any forward-looking
statement contained herein to reflect any change in our
expectations with regard thereto or any change in event, conditions
or circumstances on which any such statement is based.
About Liberty Global
Liberty Global is the world’s largest international TV and
broadband company, with operations in more than 30 countries across
Europe, Latin America and the Caribbean. We invest in the
infrastructure that empowers our customers to make the most of the
digital revolution. Our scale and commitment to innovation enable
us to develop market-leading products delivered through
next-generation networks that connect our over 24 million customers
who subscribe to over 50 million television, broadband internet and
telephony services. We also serve over 10 million mobile
subscribers and offer WiFi service across 10 million access
points.
Liberty Global’s businesses are currently comprised of two
stocks: the Liberty Global Group (NASDAQ: LBTYA, LBTYB and LBTYK)
for our European operations, and the LiLAC Group (NASDAQ: LILA and
LILAK, OTC Link: LILAB), which consists of our operations in Latin
America and the Caribbean.
The Liberty Global Group operates in 12 European countries under
the consumer brands Virgin Media, Unitymedia, Telenet and UPC. The
Liberty Global Group also owns 50% of VodafoneZiggo, a Dutch joint
venture, which has 4 million customers, 10 million fixed-line
subscribers and 5 million mobile subscribers. The LiLAC Group
operates in over 20 countries in Latin America and the Caribbean
under the consumer brands VTR, Flow, Liberty, Más Móvil and BTC. In
addition, the LiLAC Group operates a sub-sea fiber network
throughout the region connecting over 40 markets.
For more information, please visit www.libertyglobal.com or
contact:
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171218005282/en/
Liberty Global Investor RelationsOskar
Nooij, +1 303 220 4218John Rea, +1 303 220 4238Stefan Halters, +1
303 220 4528orLiberty Global Corporate
CommunicationsMatt Beake, +44 20 8483 6428Julia Hart,
+31 20 778 3345orLiberty Latin America Investor
RelationsKunal Patel, +1 786 376 9294
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