Telenet’s shareholders approved the proposed gross intermediate dividend of €1.375 per share
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.
Mechelen, December 3, 2020 – Telenet Group Holding NV (“Telenet” or the “Company”) (Euronext Brussels: TNET) announces that the Special Shareholders’ Meeting has approved the proposed gross intermediate dividend of €1.375 per share (net €0.9625 per share), equivalent to an aggregate amount of €150.1 million1.
As detailed in the October 29, 2020 press release, the intermediate dividend will be paid on December 8, 2020 with the Telenet shares trading ex-dividend as of the opening of the Brussels stock exchange on December 4, 2020. The record date has been confirmed at December 7, 2020.
The effective payment of the intermediate dividend to both registered shareholders and holders of dematerialised shares will occur on December 8, 2020. The payment of the intermediate dividend will be subject to 30% withholding tax under Belgian law. The received net intermediate 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 109,153,860 dividend-entitled shares as per December 3, 2020, excluding 4,687,959 treasury shares which are not dividend-entitled
