Shareholder Remuneration Policy
Mechelen, February 24, 2022 – 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 2021 for an aggregate amount of €35.4 million. As the Company repurchased the maximum number of own shares authorized under the Share Repurchase Program 2021, the aforementioned share buy-back program has now been fully executed. The repurchased shares under this program will be used to cover future obligations under the Company's share incentive plans or will be cancelled to the extent the repurchased shares would exceed such obligations. The Company currently holds 5,448,369 own shares, representing 4.79% of the total number of outstanding shares.
Mechelen, February 21, 2022 – 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 5,382,354 own shares, representing 4.73% of the total number of outstanding shares.
Mechelen, February 14, 2022 – 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 5,263,354 own shares, representing 4.62% of the total number of outstanding shares.
Mechelen, February 7, 2022 – 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 5,182,354 own shares, representing 4.55% of the total number of outstanding shares.
Mechelen, January 31, 2022 – 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 5,102,354 own shares, representing 4.48% of the total number of outstanding shares.
Mechelen, January 24, 2022 – 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 5,022,354 own shares, representing 4.41% of the total number of outstanding shares.
Mechelen, January 17, 2022 – 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 4,863,078 own shares, representing 4.34% of the total number of outstanding shares.
Mechelen, January 10, 2022 – 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 4,863,078 own shares, representing 4.27% of the total number of outstanding shares.
Mechelen, January 3, 2022 – 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 4,784,078 own shares, representing 4.20% of the total number of outstanding shares.
Shareholder Disbursements
Date(1) | Shareholder Disbursements |
---|---|
May 3, 2023 (*) | €1.00 per share (gross dividend) |
May 2, 2022 |
€1.3750 per share |
December 6, 2021 | €1.3750 per share (gross intermediate dividend) |
May 3, 2021 |
€1.3750 per share |
December 4, 2020 |
€1.375 per share |
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
(*) Subject to board and shareholder approval
Shareholder Remuneration Policy
Mid-June 2022, we entered into a binding agreement with Fluvius to take a joint next step in the realization of the 'data network of the future'. Both companies’ ambition is to provide speeds of 10 Gbps across the entire footprint in time, for which there is a clear roadmap.
In order to maintain a consolidated net total leverage of around 4.0x throughout the CAPEX-intense build period, in line with Telenet’s leverage policy, the board of directors has decided to reset the Company’s shareholder remuneration policy, effective immediately. The consolidated 4.0x leverage target provides Telenet with additional financial flexibility for prospective value-accretive strategic opportunities going forward.
Over the 2023-2029 period, the board of directors decided upon an annual dividend floor of €1.0 per share (gross) to be paid annually in early May following shareholder approval at the statutory AGM in April. As such, the board of directors ensures a balanced approach with continued regular dividends whilst investing for future growth. After this build period, including 5G roll-out, the CAPEX intensity is expected to materially decrease and return to normalized historical levels, leading to substantial Adjusted Free Cash Flow growth and providing scope for significantly higher shareholder disbursements. At that point time, the shareholder remuneration plan will be re-evaluated by the board of directors.
For more details on the (extra)ordinary dividends paid by the Company and the Share Repurchase programs since 2018, we refer to the chart below in € million.
