Liberty Global acquires Telenet Group following simplified squeeze-out

Liberty Global announced that, during the simplified squeeze-out period of its voluntary public takeover bid for all the shares of Telenet Group by its indirect wholly-owned subsidiary, Liberty Global Belgium, it received acceptances for 1,156,941 Telenet shares. Any shares of Telenet that were not tendered by the end of the Simplified Squeeze-Out Period were automatically transferred to the offeror by operation of law and, as a result, the offeror will own 100% of the shares of Telenet upon settlement of the shares that were tendered during the Simplified Squeeze-Out Period. Payment of the offer price for the Telenet shares tendered during the Simplified Squeeze-Out Period will occur on the payment date, October 19. The funds required to pay the offer price for any non-tendered shares will be deposited with the deposit and consignment office. Shareholders that have not tendered their shares, but which were transferred by operation of law, will need to contact the deposit and consignment office to receive payment for such shares. On October 13, Telenet shares were delisted from Euronext Brussels at close of trade.