Telenet’s shareholders approved the proposed gross dividend of €1.375 per share

Telenet Group Holding NV (“Telenet” or the “Company”) (Euronext Brussels: TNET) announces that the Annual Shareholders’ Meeting has approved the proposed gross dividend of €1.375 per share (net €0.9625 per share), equivalent to an aggregate amount of €150.2 million [1].

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.

As detailed in the February 11, 2021 press release, the dividend will be paid on May 5, 2021 with the Telenet shares trading ex-dividend as of the opening of the Brussels stock exchange on May 3, 2021. The record date has been confirmed at May 4, 2021.

The effective payment of the dividend to both registered shareholders and holders of dematerialised shares will occur on May 5, 2021. The payment of the dividend will be subject to 30% withholding tax under Belgian law. The received net dividend per share of €0.9625 can, however, differ for foreign shareholders depending on the existence of certain double tax treaties between Belgium and certain foreign countries. In order to benefit from the reduced withholding tax, shareholders will need to formally submit a tax certificate to ING Belgium, acting as paying agent on behalf of the Company, at the latest 10 calendar days after the actual payment date.

[1] Based on 109,243,261 dividend-entitled shares as per April 28, 2021, excluding 4,598,558 treasury shares which are not dividend-entitled

Financial
About Telenet BV

As a provider of entertainment and telecommunication services in Belgium, Telenet Group is always looking for the perfect experience in the digital world for its customers. Under the brand name Telenet, the company focuses on offering digital television, high-speed Internet and fixed and mobile telephony services to residential customers in Flanders and Brussels.

Under the brand name BASE, it supplies mobile telephony in Belgium. The Telenet Business department serves the business market in Belgium and Luxembourg with connectivity, hosting and security solutions. More than 3,000 employees have one aim in mind: making living and working easier and more pleasant.

Telenet Group is part of Telenet Group Holding NV and is a 100% owned subsidiary of Liberty Global. Liberty Global is one of the world’s leading converged video, broadband and communications companies, innovating and empowering people in six countries across Europe to make the most of the digital revolution. For more information, we refer to www.telenet.be

The Telenet newsroom can be found at press.telenet.be

Telenet BV
Liersesteenweg 4
2800 Mechelen
BTW BE 0473.416.418
RPR Antwerpen, afd. Mechelen