Update on Share Repurchase Program 2020

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, March 16, 2020 –
Telenet Group Holding NV (“Telenet” or the “Company”) (Euronext Brussels: TNET) hereby discloses certain information in relation to its Share Repurchase Program 2020, in accordance with Article 8:4 of the Royal Decree of April 29, 2019 implementing the Belgian Code on Companies and Associations. Under this program, the Company has granted a discretionary mandate to an independent financial intermediary to repurchase up to 1.1 million shares for a maximum amount of €55.0 million for a three-month period, effective as from March 2, 2020.

In the framework of the Share Repurchase Program 2020, as announced on February 12, 2020, the Company repurchased 117,928 common shares in the period from March 9, 2020 up to and including March 13, 2020.1 The shares were repurchased at an average price of €33.02 per share for a total consideration of €3.9 million.

Press release 20200316 Press Release Share Buyback Program 2020 (ENG).pdf - 257 KB

 

 

 

 

 

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About Telenet Group NV/SA

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 quoted on Euronext Brussel under ticker symbol TNET. For more information, visit www.telenet.be. Liberty Global - 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 – owns a direct stake of 57.9% in Telenet Group Holding SA/NV (excluding any treasury shares held by the latter from time to time).


The BASE newsroom can be found at press.base.be

Telenet Group NV/SA
Neerveldstraat 107
1200 Brussels