Cinven and Warburg Pincus announce the exercise of the overallotment option in connection with the placement of 37 million shares of Ziggo N.V. announced on 24 October 2012
(Thomson Reuters ONE) -
Cinven and Warburg Pincus announce the exercise of the overallotment option in
connection with the placement of 37 million shares of Ziggo N.V. announced on
24 October 2012
Utrecht, October 30, 2012
Ziggo N.V. ("Ziggo") hereby announces that its major shareholders, Cinven Cable
Investments S.à r.l. and WP Holdings IV B.V. (respectively "Cinven" and "Warburg
Pincus") and their co-investors have this morning announced that, in relation to
the placement of 37 million shares of Ziggo N.V. ("Ziggo") announced on 24
October 2012, the involved Joint Bookrunners have exercised their over-allotment
option, resulting in the purchase of 3 million additional ordinary shares of
Ziggo at a price of ?24.75 per share.
Following the exercise and settlement of this over-allotment option, Cinven,
Warburg Pincus and their co-investors will own a combined 74.2 million shares in
Ziggo, representing approximately 37.1% of the capital. Settlement of this over-
allotment option is expected to occur on Friday 2 November 2012.
J.P. Morgan Securities plc and Morgan Stanley & Co. International plc are acting
as Joint Global Coordinators and Joint Bookrunners. Deutsche Bank AG London
Branch, UBS Limited, ABN Amro Bank N.V. and Nomura International plc are acting
as Joint Bookrunners for the Offering.
Important notices
This document and the information contained herein is not for release,
publication or distribution in whole or in part in or into the United States.
This document does not contain or constitute an offer for sale or the
solicitation of an offer to purchase securities in the United States or in any
other jurisdiction. The securities referred to herein have not been and will not
be registered under the US Securities Act of 1933, as amended, (the "Securities
Act") and may not be offered or sold in the United States absent registration
under the Securities Act or pursuant to an available exemption from, or a
transaction not subject to, the registration requirements of the Securities Act.
This document is only addressed to and directed at persons in member states of
the European Economic Area who are "qualified investors" within the meaning of
Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC) ("Qualified
Investors"). In addition, in the United Kingdom, this document is being
distributed only to, and is directed only at, Qualified Investors who are
persons who have professional experience in matters relating to investments
falling within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended (the "Order") or who are high net
worth entities falling within Article 49(2)(a) to (d) of the Order, and other
persons to whom they may otherwise lawfully be communicated (all such persons
together being referred to as "relevant persons"). Any investment activity to
which this document relates is available only to relevant persons in the United
Kingdom and Qualified Investors in any member state of the European Economic
Area other than the United Kingdom, and will only be engaged with such persons.
In connection with the Offering, Morgan Stanley & Co. International plc (the
"Stabilising Manager") (or persons acting on behalf of the Stabilising Manager)
may over-allot shares or effect transactions with a view to supporting the
market price of the shares at a level higher than that which might otherwise
prevail. However, there is no assurance that the Stabilising Manager (or persons
acting on behalf of the Stabilising Manager) will undertake stabilisation
action. Any stabilisation action may begin on or after the date on which
adequate public disclosure of the final price of the shares is made and, if
begun, may be ended at any time, but it must end no later than 30 days after the
date shares have been allotted in the Offering.
Each of the Joint Bookrunners may participate in the Offering on a proprietary
basis.
About Ziggo
Ziggo is a Dutch provider of entertainment, information and communication
through television, Internet and telephony services. The company serves around
2.9 million households, with almost 1.8 million Internet customers, more than
2.2 million customers for digital television and 1.5 million telephony
subscribers. Business-to-business customers use services such as data
communication, telephony, television and Internet. The company owns a next-
generation network capable of providing the bandwidth required for all future
services currently foreseen. More information on Ziggo can be found on:
www.ziggo.com
Not for publication
For more information please contact:
Press Martijn Jonker, Senior Communications Officer
+31 (0)88 717 2419
martijn.jonker(at)office.ziggo.nl
Analysts and Investors Wouter van de Putte, Director Corporate Finance &
Investor Relations
+31 (0)88 717 1799
investorrelations(at)office.ziggo.nl
Christian Berghout, Manager Corporate
Finance & Investor Relations
+31 (0)88 717 1051
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ziggo via Thomson Reuters ONE
[HUG#1653510]
Unternehmensinformation / Kurzprofil:
Datum: 30.10.2012 - 12:12 Uhr
Sprache: Deutsch
News-ID 197675
Anzahl Zeichen: 6274
contact information:
Town:
Utrecht
Kategorie:
Business News
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