Unitedglobalcom (NASDAQ:UCOMA)
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Final Results of the Cash Election for Former UnitedGlobalCom
Stockholders
DENVER, June 17 /PRNewswire-FirstCall/ -- Liberty Global, Inc.
(NASDAQ:LBTYANASDAQ:LBTYB) (Liberty Global) announced the final results of the
cash election for former UnitedGlobalCom, Inc. (UGC) stockholders. The number
of shares as to which valid cash elections were made exceeded the UGC Share
Threshold Number, as defined in the merger agreement. As a result of the
proration required by the merger agreement, UGC stockholders who made valid
cash elections will receive cash consideration for approximately 73% of the
total number of shares with respect to which they made their cash election.
With respect to all of their shares not exchanged for cash, UGC stockholders
will receive shares of Liberty Global Series A common stock, plus cash in lieu
of fractional shares, at the exchange ratio provided for in the merger
agreement. Liberty Global has begun distributing shares of its common stock
and the cash consideration payable in the transaction. All former UGC
stockholders who held their shares in street name are encouraged to contact
their broker to determine the number of shares of Liberty Global Series A
common stock and the amount of cash, if any, that has been allocated to them.
About Liberty Global, Inc.
Liberty Global owns interests primarily in broadband distribution and content
companies operating outside the continental U.S., principally in Europe, Asia,
and Latin America. Through its subsidiaries and affiliates, Liberty Global is
one of the largest cable television operators in terms of subscribers outside
the United States. Based on the Company's operating statistics at March 31,
2005, Liberty Global's networks reached approximately 23.0 million homes passed
and served approximately 14.3 million revenue generating units, including
approximately 10.4 million video subscribers, 2.3 million broadband Internet
subscribers and 1.6 million telephone subscribers.
DATASOURCE: Liberty Global, Inc.
CONTACT: Investor Relations - Denver, Richard S.L. Abbott,
+1-303-220-6682, or Christopher Noyes, +1-303-220-6693, or Bert Holtkamp,
Corporate Communications, +31-20-778-9447, or Robert Lenterman, Investor
Relations - Europe, +31-20-778-9901, all of Liberty Global, Inc.