Telenet details payment of dividend and capital reduction
· Gross dividend of 1.00 per share, to be paid on May 10, 2012;
· Net capital reduction of 3.25 per share, to be paid on August 31, 2012;
· Combined attractive net yield of 12% at current market price, supported by ongoing share repurchases under the Share Repurchase Program 2012.
- Yesterday, the annual and extraordinary general shareholders' meeting of Telenet Group Holding NV (Euronext Brussels: TNET) approved the proposed shareholder disbursement of 4.25 per share. This shareholder disbursement consists of (i) a gross dividend of 1.00 per share; and (ii) a net capital reduction of 3.25 per share.
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