Liberty Global-Ziggo Deal Gets EU Regulatory Approval - Quick Facts

(RTTNews) - Liberty Global plc (LBTYA, LBTYB, LBTYK) and Ziggo N.V. (ZIGGF.PK, ZIGGY.PK) announced that Liberty Global has obtained regulatory clearance from the European Commission for recommended public offer to all holders of issued and outstanding ordinary shares in the capital of Ziggo.

As a result, the condition on competition clearance for completion of the Offer has now been satisfied.

Ziggo shareholders who wish to tender their Shares into the Offer are reminded that the acceptance period for the Offer expires at 17:40 hours CET (10:40 hours EST) on November 4, 2014.

Liberty Global said it has offered commitments to address certain competition concerns from the European Commission, including the divestment of its Film1 business in the Netherlands and certain behavioral commitments with regards to contracts with broadcasters as well as certain minimum IP transit capacity.

In order to comply with U.S. regulatory requirements, Liberty Global also announced that it may reduce the minimum acceptance level condition of the Offer to 65% of Ziggo's aggregate issued and outstanding ordinary share capital (geplaatst en uitstaand kapitaal) (excluding any Shares held by Ziggo), on a fully-diluted basis, as of the Acceptance Closing Date.

Liberty Global announced it has today lent a financial institution 15.67 million Shares.

Currently Liberty Global's capital interest in Ziggo comprises 57.00 million shares, corresponding to approximately 28.5% of Ziggo's issued capital, of which 15.67 million shares are now lent out, corresponding to about 7.8% of Ziggo's issued capital.