{
    "title": "Telenet details payment of capital reduction",
    "modified_at": "2011-06-16 19:45:00",
    "published_at": "2011-06-16 19:45:00",
    "url": "https://press.telenet.be/telenet-details-payment-of-capital-reduction",
    "short_url": "http://prez.ly/Fwy",
    "culture": "en",
    "language": "EN",
    "slug": "telenet-details-payment-of-capital-reduction",
    "body": "<p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 18pt\"><b class=\"hugin\"> </b></p> <ul class=\"hugin\" type=\"disc\"><li class=\"hugin\"><div class=\"hugin\"><b class=\"hugin\">Payment of \u00804.50 per share to shareholders on July 29, 2011;</b></div></li><li class=\"hugin\"><div class=\"hugin\"><b class=\"hugin\">Attractive net yield of 15% at current market price.</b></div></li></ul> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 18pt\"><b class=\"hugin\"></b></p> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm\"><b class=\"hugin\"> </b></p> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm\"><b class=\"hugin\"> -</b> On April 27, 2011, the extraordinary general shareholders' meeting of Telenet Group Holding NV (Euronext Brussels: TNET) approved the proposed shareholder disbursement of \u00804.50 per share.</p> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm\"> </p> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm\">The payment date for the distribution of the capital reduction has been fixed on July 29, 2011. As of July 26, 2011 (ex date), the shares and the VVPR-strips of Telenet Group Holding will be traded on Euronext Brussels ex coupon no. 4. The record date will be July 28, 2011. </p> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm\"> </p> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm\">The right to receive the payment will be represented by coupon no. 4. The effective payment of the shareholder disbursement for registered and dematerialized shares will occur on July 29, 2011. As of July 29, 2011, holders of bearer shares can obtain the payment at the branches of ING Belgium upon presentation of coupon no. 4.</p> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm\"> </p> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm\">Coupon no. 4 of the VVPR-strips of Telenet Group Holding NV will be declared without value as from July 26, 2011. </p>",
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    "tags": [
        "French",
        "1",
        "English",
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    "author": {
        "first_name": "Isabelle",
        "last_name": "Geeraerts"
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