Cinven and Warburg Pincus launch deal to reduce stake in Ziggo N.V.
Comunicato Precedente
Comunicato Successivo
26-April-2013
Cinven and Warburg Pincus launch deal to reduce stake in
Ziggo N.V.
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Ziggo shareholders Cinven, Warburg Pincus and their co-investors have launched an accelerated bookbuild offering for 27 million shares, with potential upsizing of up to approximately 7.2 million additional shares
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Assuming full upsizing, Cinven, Warburg Pincus and co-investors would cease to hold a stake in Ziggo N.V.
Ziggo N.V. ("Ziggo") hereby announces that its major shareholders, Cinven Cable Investments S.à r.l. and WP Holdings IV B.V. (respectively "Cinven" and "Warburg Pincus") have today launched an offering of 27 million existing Ziggo shares owned by them and certain of their co-investors, with the potential for an upsizing of approximately 7.2 million additional shares.
The current direct combined ownership interest of Cinven, Warburg Pincus and their co-investors is approximately 34 million shares, representing approximately 17% of Ziggo's ordinary share capital.
After the transaction, assuming the full exercise of the upsize option, Cinven, Warburg Pincus and their co-investors will no longer hold Ziggo shares.
IMPORTANT NOTICE
Nothing in this communication shall constitute an offer to sell or the solicitation of an offer to buy securities in the United States, Canada, Australia or Japan or any jurisdiction in which such offer or sale would be unlawful. This communication is not an offer of securities for sale in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended. There will be no public offer of the securities referred to herein in the United States. This communication is not being made, and this communication has not been approved, by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000, as amended (the "FSMA").
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About Ziggo Ziggo is a Dutch provider of entertainment, information and communication through television, internet and telephony services. The company serves around 2.8 million households, with almost 1.8 million internet subscribers, more than 2.2 million subscribers using digital television and 1.5 million telephony subscribers. Business-to-business customers use services such as data communication, telephony, television and internet. The company owns a next-generation network capable of providing the bandwidth required for all future services currently foreseen. More information on Ziggo can be found on: www.ziggo.com |
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Not for publication
For more information please contact:
Press Martijn Jonker Director Communications a.i. +31 88 717 2419 | [email protected] |
Analysts and Investors Wouter van de Putte Director Corporate Finance & Investor Relations +31 88 717 1799 | [email protected]
Christian Berghout Manager Corporate Finance & Investor Relations +31 (0)88 717 1051 |
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