Liberty Global's LGE Holdco Sets Public Offering For Shares In Ziggo's Capital

(RTTNews) - LGE Holdco VII B.V., a unit of Liberty Global plc (LBTYA) Friday announced a public offer to all holders of issued and outstanding ordinary shares with a nominal value of 1.00 euros each in the capital of Ziggo N.V.(ZIGGF.PK, ZIGGY.PK).

Based on the 10-day volume weighted average closing price of a Liberty Global Class A ordinary share and a Liberty Global Class C ordinary share calculated as at January 24, implies an offer price of 35.74 euros per Ziggo share.

The offer price represents a premium of 47 percent over the closing share price of 24.30 euors on 27 March 2013, the day before Liberty Global acquired its initial 12.65 percent stake in Ziggo.

The offer will commence at 09:00 a.m. hours CET on July 2 and will expire at 17:40 hours CET on September 10. The Offer Price is cum dividend.

Further, the company proposed Baptiest Coopmans to be appointed as Chief executive and Bert Groenewegen as Chief financial officer, subject to the offer being declared unconditional.