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Liberty Global plc (LBTYK) Class C Common Shares USD0.01

Sell:$25.04 Buy:$25.06 Change: $1.21 (4.60%)
NASDAQ:0.80%
Market closed |  Prices as at close on 20 September 2019 | Switch to live prices |
Tender Offer

Liberty Global plc Class C Common Shares USD0.01

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 22 Aug 2019)

What is happening?

Liberty Global plc has opened a Tender Offer to buy up to 14.8% of its C Shares, for a total cost of up to USD1.875 billion. The offer allows Liberty Global plc to buy its C Shares at a ‘purchase price’ to be set, which will be the lowest price between an upper and lower limit at which they can accept tenders totalling up to USD1.875 billion.

What does this mean?

The Tender Offer has the following features:


• The eventual purchase price will be between an upper and lower limit set by Liberty Global plc. The minimum price will be USD24.75 per C Share and the maximum price will be USD28.50 per C Share.
• You can decide what price you want to tender (i.e. ask to sell) your Shares at within the limit set in increments of USD0.25, i.e. USD24.75, USD25.00, USD25.25, or USD25.50. Or you can tender at the purchase price, i.e. whatever price is ultimately set.
• If you tender your Shares for an amount less than or equal to the eventual purchase price, you will receive the purchase price for any Shares successfully sold.
• If you tender your Shares for more than the purchase price your instruction will be rejected and your Shares will be returned to you.
• If you tender your Shares at a price lower than the eventual purchase price any of your Shares successfully tendered will be tendered at the purchase price. If you tender at the eventual purchase price or less than the eventual purchase price you may not sell all of the Shares you ask to tender.
• If you hold less than 100 Shares and you tender your entire holding at a price lower than or equal to the eventual purchase price your election to tender will be prioritised by the company when they decide what Shares to purchase.
• You can make your election to tender Shares conditional on a specified minimum number of Shares being accepted (meaning that if this specified minimum is not successfully tendered your entire holding will be returned to you). If you make your election conditional your election to tender will be treated as lower priority by the company.
• Please note that some, or all, of the sale proceeds may be classed as income for US Tax purposes. As such US Withholding tax may be applied on any tender proceeds received.

 

What are my options?

 

You can choose whether you wish to tender Shares in this offer. The easiest way to do this is online, and the deadline to give an instruction is noon on Tuesday 3 September 2019.

 

Option 1 – Tender a number of C Shares. You can choose to tender at a price between USD24.75 and USD28.50 (in increments of USD0.25), or you can tender at the Purchase Price. Any election must state the number of Shares you wish to tender. Any elections to tender Shares where a price is not stated will be assumed to be an instruction to tender your Shares at the Purchase Price. Please note that some, or all, of the sale proceeds may be classed as income for US Tax purposes. As such US Withholding tax may be applied on any tender proceeds received.

 

Option 2 – Do nothing. You don’t have to take part in the offer. If you don’t, you’ll retain your current holding.

 

If you wish to split a tender between different prices or make your election conditional please phone us on 0117 900 9000 to give your instruction.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:$25.04
Buy:$25.06
Change: $1.21 (4.60%)
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
Market closed |  Prices as at close on 20 September 2019 | Switch to live prices |
Tender Offer

Liberty Global plc Class C Common Shares USD0.01

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 22 Aug 2019)

What is happening?

Liberty Global plc has opened a Tender Offer to buy up to 14.8% of its C Shares, for a total cost of up to USD1.875 billion. The offer allows Liberty Global plc to buy its C Shares at a ‘purchase price’ to be set, which will be the lowest price between an upper and lower limit at which they can accept tenders totalling up to USD1.875 billion.

What does this mean?

The Tender Offer has the following features:


• The eventual purchase price will be between an upper and lower limit set by Liberty Global plc. The minimum price will be USD24.75 per C Share and the maximum price will be USD28.50 per C Share.
• You can decide what price you want to tender (i.e. ask to sell) your Shares at within the limit set in increments of USD0.25, i.e. USD24.75, USD25.00, USD25.25, or USD25.50. Or you can tender at the purchase price, i.e. whatever price is ultimately set.
• If you tender your Shares for an amount less than or equal to the eventual purchase price, you will receive the purchase price for any Shares successfully sold.
• If you tender your Shares for more than the purchase price your instruction will be rejected and your Shares will be returned to you.
• If you tender your Shares at a price lower than the eventual purchase price any of your Shares successfully tendered will be tendered at the purchase price. If you tender at the eventual purchase price or less than the eventual purchase price you may not sell all of the Shares you ask to tender.
• If you hold less than 100 Shares and you tender your entire holding at a price lower than or equal to the eventual purchase price your election to tender will be prioritised by the company when they decide what Shares to purchase.
• You can make your election to tender Shares conditional on a specified minimum number of Shares being accepted (meaning that if this specified minimum is not successfully tendered your entire holding will be returned to you). If you make your election conditional your election to tender will be treated as lower priority by the company.
• Please note that some, or all, of the sale proceeds may be classed as income for US Tax purposes. As such US Withholding tax may be applied on any tender proceeds received.

 

What are my options?

 

You can choose whether you wish to tender Shares in this offer. The easiest way to do this is online, and the deadline to give an instruction is noon on Tuesday 3 September 2019.

 

Option 1 – Tender a number of C Shares. You can choose to tender at a price between USD24.75 and USD28.50 (in increments of USD0.25), or you can tender at the Purchase Price. Any election must state the number of Shares you wish to tender. Any elections to tender Shares where a price is not stated will be assumed to be an instruction to tender your Shares at the Purchase Price. Please note that some, or all, of the sale proceeds may be classed as income for US Tax purposes. As such US Withholding tax may be applied on any tender proceeds received.

 

Option 2 – Do nothing. You don’t have to take part in the offer. If you don’t, you’ll retain your current holding.

 

If you wish to split a tender between different prices or make your election conditional please phone us on 0117 900 9000 to give your instruction.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:$25.04
Buy:$25.06
Change: $1.21 (4.60%)
Market closed |  Prices as at close on 20 September 2019 | Switch to live prices |
Tender Offer

Liberty Global plc Class C Common Shares USD0.01

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 22 Aug 2019)

What is happening?

Liberty Global plc has opened a Tender Offer to buy up to 14.8% of its C Shares, for a total cost of up to USD1.875 billion. The offer allows Liberty Global plc to buy its C Shares at a ‘purchase price’ to be set, which will be the lowest price between an upper and lower limit at which they can accept tenders totalling up to USD1.875 billion.

What does this mean?

The Tender Offer has the following features:


• The eventual purchase price will be between an upper and lower limit set by Liberty Global plc. The minimum price will be USD24.75 per C Share and the maximum price will be USD28.50 per C Share.
• You can decide what price you want to tender (i.e. ask to sell) your Shares at within the limit set in increments of USD0.25, i.e. USD24.75, USD25.00, USD25.25, or USD25.50. Or you can tender at the purchase price, i.e. whatever price is ultimately set.
• If you tender your Shares for an amount less than or equal to the eventual purchase price, you will receive the purchase price for any Shares successfully sold.
• If you tender your Shares for more than the purchase price your instruction will be rejected and your Shares will be returned to you.
• If you tender your Shares at a price lower than the eventual purchase price any of your Shares successfully tendered will be tendered at the purchase price. If you tender at the eventual purchase price or less than the eventual purchase price you may not sell all of the Shares you ask to tender.
• If you hold less than 100 Shares and you tender your entire holding at a price lower than or equal to the eventual purchase price your election to tender will be prioritised by the company when they decide what Shares to purchase.
• You can make your election to tender Shares conditional on a specified minimum number of Shares being accepted (meaning that if this specified minimum is not successfully tendered your entire holding will be returned to you). If you make your election conditional your election to tender will be treated as lower priority by the company.
• Please note that some, or all, of the sale proceeds may be classed as income for US Tax purposes. As such US Withholding tax may be applied on any tender proceeds received.

 

What are my options?

 

You can choose whether you wish to tender Shares in this offer. The easiest way to do this is online, and the deadline to give an instruction is noon on Tuesday 3 September 2019.

 

Option 1 – Tender a number of C Shares. You can choose to tender at a price between USD24.75 and USD28.50 (in increments of USD0.25), or you can tender at the Purchase Price. Any election must state the number of Shares you wish to tender. Any elections to tender Shares where a price is not stated will be assumed to be an instruction to tender your Shares at the Purchase Price. Please note that some, or all, of the sale proceeds may be classed as income for US Tax purposes. As such US Withholding tax may be applied on any tender proceeds received.

 

Option 2 – Do nothing. You don’t have to take part in the offer. If you don’t, you’ll retain your current holding.

 

If you wish to split a tender between different prices or make your election conditional please phone us on 0117 900 9000 to give your instruction.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
$26.23
Trade high:
$26.23
Year high:
$28.76
Market capitalisation
Market cap.
:
$19.64 bn
Previous close:
$26.30
Trade low:
$24.84
Year low:
$19.24
Shares in issue
Shares
:
730.38 m
Previous:
$0.36 (1.35%)
Previous:
$0.36
Volume:
n/a
Dividend yield:
n/a
Currency:
USD
Data delayed by at least 15 minutes.

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Important Documents

There are no documents available for this stock.

Dividend information for this stock is not available.

Dividend information for this stock is not available.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Reuters. Charts provided by Factset. 'Broker forecast' and 'Recent trades' provided by MoneyAM. News and fundamental data provided by Digital Look. Exchange disclaimer
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