Share repurchase program

Share repurchase program

tcontentSRP_2020

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.

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