Shareholder Remuneration Policy
On February 12, 2020, Telenet Group Holding NV (“Telenet” or the “Company”) (Euronext Brussels: TNET) announced a new share buy-back program of up to €55.0 million (the “Share Repurchase Program 2020”), effective as of end-February 2020. Under this program, Telenet may acquire from time to time its common stock, for a maximum of 1.1 million shares or a maximum consideration of €55.0 million, up to October 31, 2020. The share repurchases will be conducted under the terms and conditions approved by the extraordinary general shareholders’ meeting of the Company of April 24, 2019. The repurchased shares under this program will be used to cover future obligations under the Company's share option plans. Telenet will continuously monitor both its current and future obligations under such plans in view of keeping an adequate level of treasury shares with the excess subsequently earmarked for cancellation as in April and December 2019.
Brussels, March 30, 2020 – Telenet Group Holding NV (“Telenet” or the “Company”) (Euronext Brussels: TNET) hereby discloses certain information in relation to its share repurchases, in accordance with Article 8:4 of the Royal Decree of 29 April 2019 implementing the Belgian Code on Companies and Associations. The Company repurchased in total 1,100,000 own shares under the Share Repurchase Program 2020 for an aggregate amount of €33.5 million at an average price of €30.43. As such, the Company fully completed is share buy-back program. The Company currently holds 5,613,142 own shares, representing 4.90% of the total number of outstanding shares.
Brussels, March 23, 2020 – Telenet Group Holding NV (“Telenet” or the “Company”) (Euronext Brussels: TNET) hereby discloses certain information in relation to its share repurchases, in accordance with Article 8:4 of the Royal Decree of 29 April 2019 implementing the Belgian Code on Companies and Associations. The Company currently holds 4,923,538 own shares, representing 4.29% of the total number of outstanding shares.
Brussels, March 16, 2020 – Telenet Group Holding NV (“Telenet” or the “Company”) (Euronext Brussels: TNET) hereby discloses certain information in relation to its share repurchases, in accordance with Article 8:4 of the Royal Decree of 29 April 2019 implementing the Belgian Code on Companies and Associations. The Company currently holds 4,740,705 own shares, representing 4.13% of the total number of outstanding shares.
Brussels, March 9, 2020 – Telenet Group Holding NV (“Telenet” or the “Company”) (Euronext Brussels: TNET) hereby discloses certain information in relation to its share repurchases, in accordance with Article 8:4 of the Royal Decree of 29 April 2019 implementing the Belgian Code on Companies and Associations. The Company currently holds 4,622,777 own shares, representing 4.03% of the total number of outstanding shares.
Shareholder Disbursements
| Date(1) | Shareholder Disbursements |
|---|---|
|
May 2, 2020 |
€1.3050 per share |
|
December 5, 2019 |
€0.57 per share |
|
October 2, 2018 |
€5.30 per share |
|
May 3, 2013 |
€7.90 per share |
|
May 7, 2012 |
€1.00 per share |
|
August 28, 2012 |
€3.25 per share |
|
July 26, 2011 |
€4.50 per share |
|
July 28, 2010 |
€2.23 per share |
|
August 27, 2009 |
€0.50 per share |
|
November 19, 2007 |
€6.00 per share |
1 All dates refer to ex-dividend dates
Shareholder Remuneration Policy
In December 2018, we hosted our Capital Market Day during which we outlined our strategic plan for the next three years through 2021 and detailed our capital allocation and shareholder remuneration framework. In absence of any material acquisitions and/or significant changes in our business or regulatory environment, we intend to stay around 4.0x net total leverage, representing the mid-point of the 3.5x to 4.5x range. At March 31, 2020, our net total leverage reached 4.0x.
As part of our capital allocation framework, we aim to distribute between 50% and 70% of the prior year Adjusted Free Cash Flow to shareholders through intermediate and final dividends. Within the boundaries of the aforementioned net total leverage framework and in absence of any of the above factors, the remaining part of our Adjusted Free Cash Flow may be considered for incremental share buy-backs, extraordinary dividends, deleveraging, accretive acquisitions or a combination thereof.