Extension of Share Repurchase Program 2017
The enclosed information constitutes regulated information as defined in the Royal Decree of 14 November 2007 on the obligations of issuers of financial instruments admitted to trading on a regulated market.
Brussels, – Today, Telenet Group Holding NV (“Telenet” or the “Company”) (Euronext Brussels: TNET) announces the modification and extension of its Share Repurchase Program 2017, as announced on February 16, 2017, to December 31, 2017 (the “Extended Share Repurchase Program 2017”).
Until today, Telenet has repurchased 556.556 own shares for a total consideration of €30.5 million under its Share Repurchase Program 2017. Under the Extended Share Repurchase Program 2017, Telenet may, until December 31, 2017, continue to acquire from time to time its ordinary shares up to a maximum of 1,100,000 shares . The share repurchases will be conducted under the terms and conditions approved by the extraordinary general shareholders’ meeting of the Company of April 30, 2014.
Telenet has extended the mandate of its selected intermediary to purchase Telenet shares on its behalf. The timing of the repurchase of shares pursuant to the Extended Share Repurchase Program 2017 will be decided by such intermediary independently of Telenet and depends on a variety of factors, including market conditions. During the Extended Share Repurchase Program 2017, the Company will publish regular press releases with updates on the progress made (if any), as required by law. This information will also be available on the investor relations pages of our website (investors.telenet.be) under the Shareholders section. All repurchased shares will be held by the Company to cover the Company’s obligations under existing stock option plans.
