TRANSPARENCY DECLARATIONS 2016
August 19, 2016
On August 19, 2016, Telenet received a transparency notification from BlackRock, Inc. and its affiliated companies (hereafter “BlackRock”) in accordance with Article 6 of the Law of May 2, 2007. This transparency notification shows that following the acquisition by Blackrock of shares holding voting rights in Telenet on August 17, 2016, Blackrock now holds 5% of the voting rights of Telenet. BlackRock has therefore crossed the 5% threshold.
On August 19, 2016, Telenet received a notification from Liberty Global Plc and its affiliate Binan Investments B.V. in accordance with Article 74, § 8 of the Law of April 1, 2007 on public take-overs. This notification provides an update of the notification submitted by Liberty Global Plc and its affiliate Binan Investments B.V. on August 21, 2015 according to which Binan Investments B.V. declared to hold an interest in Telenet exceeding 55% of the securities holding voting rights. On January 11, 2016, Telenet also received a notification from Liberty Global Plc in accordance with Article 6 of the Law of May 2, 2007, declaring a change in the indirect shareholding of Telenet as a result of a number of intragroup transactions.
The notification of August 19, 2016 does not report any change in the Telenet shareholding of Liberty Global Plc since its notifications of August 21, 2015 and January 11, 2016.
On August 2, 2016, Telenet received a transparency notification from BlackRock, Inc. and its affiliated companies (hereafter “BlackRock”) in accordance with Article 6 of the Law of May 2, 2007. This transparency notification shows that following the acquisition by Blackrock of shares holding voting rights in Telenet on July 28, 2016, Blackrock now holds 3,54% of the voting rights of Telenet. BlackRock has therefore exceeded the 3% threshold.
On March 4, 2016, Telenet received a transparency notification from Norges Bank (the Central Bank of Norway) in accordance with Article 6 of the Law of May 2, 2007. This transparency notification shows that following the sale of shares holding voting rights in Telenet on March 2, 2016, Norges Bank now holds 2.43% of the voting rights of Telenet. Norges Bank has therefore fallen below the 3% threshold.
On January 11, 2016, Telenet received a notification from Liberty Global Plc in accordance with Article 6 of the Law of May 2, 2007. In this notification, Liberty Global Plc provides an update of its notification of August 21, 2015 in which it declared that Binan Investments B.V.'s shareholding in Telenet had exceeded 55% of the securities holding voting rights. This notification of August 21, 2015 was in turn an update of the prior notifications Telenet received on September 18, 2007, on August 28, 2008, on August 27, 2009, on August 31, 2010, on August 29, 2011, on August 28, 2012, on August 27, 2013, and on August 22, 2014.
In this notification of January 11, 2016 Liberty Global Plc reports a change in indirect shareholdership of Telenet pursuant to a number of intra-group transactions which took place on November 23, 2015. As part of said intra-group transactions, the entire share capital in Binan Investments B.V. was first transferred from UPC Belgium B.V. to Liberty Global Europe Holding B.V., then from Liberty Global Europe Holding B.V. to Liberty Global Holding B.V, then from Liberty Global Holding B.V. to Liberty Global Europe LLC (previously known as Liberty Global Europe Inc.), and finally from Liberty Global Europe LLC to Liberty Global Broadband II Ltd. All transfers took place between 100% subsidiaries of Liberty Global Plc.
In addition, Liberty Global Plc declares that pursuant to certain intra-group transactions Liberty Global Plc is currently the ultimate parent company of Telenet. Formerly, Liberty Global Plc was the subsidiary of the former ultimate parent company Liberty Global Inc.
Liberty Global Plc further reports that Binan Investments B.V. has not exercised any of the warrants in Telenet held by it and that all such warrants have now expired.
This notification of January 11, 2016 does not report any change in the Telenet shareholding of Liberty Global Plc since its last notification of August 21, 2015.