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Liberty Global and Ziggo commence statutory squeeze out proceedings
Liberty Global and Ziggo commence statutory squeeze out proceedings
Utrecht, the Netherlands - 8 December 2014
With reference to the joint press release of Liberty Global plc and LGE HoldCo VII B.V. (the "Offeror") and Ziggo N.V. ("Ziggo") dated 21 November 2014 relating to the successful completion of the public offer by the Offeror for all the issued shares in Ziggo (the "Shares"), Ziggo announces that it has as a co-claimant together with the Offeror initiated the previously announced statutory squeeze out proceedings in accordance with article 2:359c and 2:92a of the Dutch Civil Code in order for the Liberty Global group to obtain 100% of the Shares. The Offeror and Ziggo have requested the court to establish the squeeze out price of the remaining Shares at EUR39.78.
A copy of the writ of summons relating to the proceedings has been made available on Ziggo's website, www.ziggo.com.
[1] Based on the offer price in the public offer and with use of 19 November 2014 (17:40CET) as the reference date for the valuation of the Liberty Global class A ordinary shares and the Liberty Global class C ordinary shares
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