Unitedglobalcom (NASDAQ:UCOMA)
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UnitedGlobalCom Stockholders Approve Merger With Liberty Media
International (LMI)
LMI Shareholders to Vote on June 15, 2005
DENVER, June 14 /PRNewswire-FirstCall/ -- UnitedGlobalCom, Inc. (UGC)
(NASDAQ:UCOMA) announces that during a special stockholder meeting today, its
stockholders approved the proposed business combination transaction between UGC
and Liberty Media International, Inc. (LMI) (NASDAQ:LBTYANASDAQ:LBTYB).
Completion of the business combination is also subject to the vote of LMI's
stockholders at LMI's annual meeting to be held on June 15, 2005.
Holders of approximately 98% of the aggregate voting power of the shares of UGC
common stock present in person or by proxy voted in favor of the proposed
business combination. In addition, the merger agreement also required approval
by the affirmative vote of holders of at least a majority of the aggregate
voting power of the outstanding shares of UGC Class A common stock, exclusive
of shares held by LMI, Liberty Media Corporation (Liberty), their respective
subsidiaries, and executive officers and directors of LMI, Liberty and UGC. Of
the approximately 364.3 million shares of Class A common stock outstanding and
entitled to vote after excluding the specified shares for purposes of this
"minority approval" requirement (the Minority Shares), approximately 59% were
voted in favor of the proposed business combination. Of the Minority Shares
that actually voted, approximately 77% voted in favor of the proposed business
combination.
About UnitedGlobalCom
UGC is a leading international provider of video, voice, and broadband Internet
access services with operations in 16 countries, including 13 countries in
Europe. Based on the Company's operating statistics at March 31, 2005, UGC's
networks reached approximately 16.1 million homes passed and served
approximately 11.2 million revenue generating units, including approximately
8.8 million video subscribers, 1.5 million broadband Internet subscribers, and
847,500 telephone subscribers.
Forward-Looking Statements
Except for historical information contained herein, this press release contains
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, including timing and outcome of the LMI
stockholder vote and completion of the business combination. These
forward-looking statements involve certain risks and uncertainties that could
cause actual results to differ materially from those expressed or implied by
these statements. These risks and uncertainties include our ability to
complete the proposed merger with LMI by obtaining the approval of holders of a
majority of the aggregate voting power of the shares of LMI common stock
outstanding on the record date for LMI's Annual Meeting of Stockholders and
satisfaction of other conditions necessary to close the merger. These
forward-looking statements speak only as of the date of this release. The
Company expressly disclaims any obligation or undertaking to disseminate any
updates or revisions to any guidance and other forward-looking statement
contained herein to reflect any change in the Company's expectations with
regard thereto or any change in events, conditions or circumstances on which
any such statement is based.
Additional Information
Liberty Global, Inc. ("Liberty Global") has filed a Registration Statement on
Form S-4 containing a definitive joint proxy statement/prospectus related to
the proposed business combination between LMI and UGC. UGC STOCKHOLDERS AND
OTHER INVESTORS ARE URGED TO READ THE DEFINITIVE JOINT PROXY
STATEMENT/PROSPECTUS BECAUSE IT CONTAINS IMPORTANT INFORMATION ABOUT THE
BUSINESS COMBINATION. Investors may obtain a copy of the definitive joint
proxy statement/prospectus and other documents related to the business
combination free of charge at the SEC's website (http://www.sec.gov/). In
addition, copies of the definitive joint proxy statement/prospectus and other
related documents filed by the parties to the merger may be obtained free of
charge by directing a request to UnitedGlobalCom, Inc., 4643 South Ulster
Street, Suite 1300, Denver, Colorado 80237, Attention: Investor Relations
Department, telephone: 303-770-4001.
Participants in Solicitation
The directors and executive officers of UGC and other persons may be deemed to
be participants in the solicitation of proxies in respect of the proposed
business combination. Information regarding UGC's directors and executive
officers and other participants in the proxy solicitation and a description of
their direct and indirect interests, by security holdings or otherwise, is
available in the definitive joint proxy statement/prospectus contained in the
above-referenced Registration Statement.
Please visit http://www.unitedglobal.com/ for further information.
Richard S.L. Abbott Claire Appleby
Investor Relations - UGC Investor Relations - Europe
(303) 220-6682 +44 20 7 838 2004
Chris Noyes Bert Holtkamp
Investor Relations - UGC Corporate Communications - UGC Europe
(303) 220-6693 + 31 20 778 9447
DATASOURCE: UnitedGlobalCom, Inc.
CONTACT: Investor Relations, Richard S.L. Abbott, +1-303-220-6682,
, or Chris Noyes, +1-303-220-6693, , or
Investor Relations - Europe, Claire Appleby, +44 20 7 838 2004,
, or Corporate Communications - Europe, Bert Holtkamp,
+ 31 20 778 9447, , all of UGC
Web site: http://www.unitedglobal.com/