Warburg Pincus and Cinven reduce seats in Supervisory Board Ziggo

Warburg Pincus and Cinven reduce seats in Supervisory Board Ziggo Utrecht, December 27, 2012 In October of this year Cinven and Warburg Pincus have further reduced their shareholdings in Ziggo, each to a percentage below 20%.  As a consequence thereof and in line with the relationship agreement concluded between Ziggo, Warburg Pincus and Cinven at the IPO of Ziggo, Paul Best and Caspar Berendsen have announced their resignation as members of the Supervisory Board of Ziggo...

Warburg Pincus and Cinven reduce seats in Supervisory Board Ziggo

 

 

Utrecht, December 27, 2012

In October of this year Cinven and Warburg Pincus have further reduced their shareholdings in Ziggo, each to a percentage below 20%.  As a consequence thereof and in line with the relationship agreement concluded between Ziggo, Warburg Pincus and Cinven at the IPO of Ziggo, Paul Best and Caspar Berendsen have announced their resignation as members of the Supervisory Board of Ziggo as per December 31, 2012. Paul Best is a managing director of Warburg Pincus and Caspar Berendsen is a partner of Cinven.

 

The Supervisory Board and the Management Board are most grateful for the contribution of Paul Best and Caspar Berendsen to the company. 

 

  

 

About Ziggo

Ziggo is a Dutch provider of entertainment, information and communication through television, Internet and telephony services. The company serves around 2.9 million households, with almost 1.8 million Internet customers, more than 2.2 million customers for 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

 

For more information please contact:

 

Press                             Martijn Jonker, Senior Communications Officer

                                               +31 (0)88 717 2419
martijn.jonker@office.ziggo.nl

 

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