Liberty Global Supports Cancellation of Sunrise EGM
Liberty Global plc (Liberty Global or the Company) (NASDAQ: LBTYA, LBTYB and LBTYK) announced today that it supports the cancellation of Sunrise Communications Extraordinary General Meeting (EGM), which had been scheduled to take place Wednesday, October 23, 2019.
- Liberty Global plc (Liberty Global or the Company) (NASDAQ: LBTYA, LBTYB and LBTYK) announced today that it supports the cancellation of Sunrise Communications Extraordinary General Meeting (EGM), which had been scheduled to take place Wednesday, October 23, 2019.
- Sunrise was seeking approval for an ordinary capital increase by way of a rights offering to finance its pending acquisition of UPC Switzerland.
- Sunrise has reviewed the vote tally, including the intention of its largest shareholder Freenet to vote against the deal, and determined that the proposal was unlikely to be approved by shareholders.
- In addition, the commitments by Liberty Global in the recently announced Conditional Rights Purchase Agreement will lapse and thereby terminate.