other material
confidence high
sentiment neutral
materiality 0.75
Liberty Global completes spin-off of Sunrise; shares begin trading Nov 13/15
Liberty Global Ltd.
- Spin-off of Swiss subsidiary Sunrise completed Nov 8, 2024; Sunrise becomes independent public company.
- Distribution: 1 Sunrise Class A ADS per 5 Liberty Global Class A/C shares; 2 Class B ADS per 1 Liberty Global Class B share.
- Sunrise ADSs trade on Nasdaq Nov 13 under 'SNRE'; common shares on SIX Swiss Exchange Nov 15 under 'SUNN'.
- Liberty Global retains ops in Belgium, Ireland, Slovakia, UK, Netherlands; CEO Mike Fries becomes Sunrise Chairman.
- Post-spin-off shares outstanding: 68.8M Sunrise Class A and 26.0M Class B.