Cinven and Warburg Pincus launch deal to reduce stake in Ziggo N.V.
(Thomson Reuters ONE) -
26-April-2013
Cinven and Warburg Pincus launch deal to reduce stake in
Ziggo N.V.
* Ziggo shareholders Cinven, Warburg Pincus and their co-investors have
launched an accelerated bookbuild offering for 27 million shares, with
potential upsizing of up to approximately 7.2 million additional shares
* Assuming full upsizing, Cinven, Warburg Pincus and co-investors would cease
to hold a stake in Ziggo N.V.
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") have today launched an offering of 27 million existing Ziggo shares
owned by them and certain of their co-investors, with the potential for an
upsizing of approximately 7.2 million additional shares.
The current direct combined ownership interest of Cinven, Warburg Pincus and
their co-investors is approximately 34 million shares, representing
approximately 17% of Ziggo's ordinary share capital.
After the transaction, assuming the full exercise of the upsize option, Cinven,
Warburg Pincus and their co-investors will no longer hold Ziggo shares.
IMPORTANT NOTICE
Nothing in this communication shall constitute an offer to sell or the
solicitation of an offer to buy securities in the United States, Canada,
Australia or Japan or any jurisdiction in which such offer or sale would be
unlawful. This communication is not an offer of securities for sale in the
United States. The securities referred to herein have not been and will not be
registered under the United States Securities Act of 1933, as amended. There
will be no public offer of the securities referred to herein in the United
States. This communication is not being made, and this communication has not
been approved, by an authorised person for the purposes of section 21 of the
Financial Services and Markets Act 2000, as amended (the "FSMA").
About Ziggo
Ziggo is a Dutch provider of entertainment, information and communication
through television, internet and telephony services. The company serves around
2.8 million households, with almost 1.8 million internet subscribers, more than
2.2 million subscribers using 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 Analysts and Investors
Wouter van de Putte
For more information please contact: Director Corporate Finance & Investor
Relations
Press +31 88 717 1799 |
Martijn Jonker investorrelations(at)office.ziggo.nl
Director Communications a.i.
+31 88 717 2419 | Christian Berghout
Martijn.Jonker(at)office.ziggo.nl 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#1696706]
Unternehmensinformation / Kurzprofil:
Datum: 26.04.2013 - 08:00 Uhr
Sprache: Deutsch
News-ID 253273
Anzahl Zeichen: 4207
contact information:
Town:
Utrecht
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 124 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Cinven and Warburg Pincus launch deal to reduce stake in Ziggo N.V."
steht unter der journalistisch-redaktionellen Verantwortung von
Ziggo (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
