8-K/A filed November 15, 2024, 6:59 PM ET ticker LBTYA CIK 0001570585

other material confidence high sentiment negative materiality 0.75

Liberty Global Ltd. (LBTYA): M&A transaction — Liberty Global closes Sunrise spin-off; pro forma shows $1.30 loss per share from continuing ops in 9M 2024

Liberty Global Ltd.

Pro forma total assets post-spin-off $26.1B, down from $41.8B historical, removing Sunrise operations.
Pro forma loss from continuing ops for 9M ended Sep 30, 2024: $433.9M; diluted EPS loss $1.30.
Pro forma loss from continuing ops for FY2023: $3,653.9M; diluted EPS loss $9.00.
Tax opinion confirms spin-off qualifies as tax-free reorganization under Section 368(a)(1)(D).
Liberty Global contributed CHF 1,313.1M ($1,555.0M) to Sunrise and settled related-party notes before spin-off.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.98

Liberty Global Ltd. completed a disposition involving Sunrise Communications AG for distribution to holders of Liberty Global Class A, B, and C common shares of Sunrise Class A common shares (in the form of ADSs) and Sunrise Class B shares (in (closed 2024-11-08).

Action: disposition
Counterparty: Sunrise Communications AG
Consideration: distribution to holders of Liberty Global Class A, B, and C common shares of Sunrise Class A common shares (in the form of ADSs) and Sunrise Class B shares (in
Closing: 2024-11-08

Exact text from the filing

On November 8, 2024, Liberty Global Ltd. (“Liberty Global”) completed the previously announced spin-off (the “Spin-off”) of its former wholly owned subsidiary Sunrise Communications AG (“Sunrise”), following a series of transactions that resulted in the transfer to Sunrise of Liberty Global’s Swiss telecommunications operations.

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Liberty Global Ltd. filing history →

Source: SEC EDGAR

accession 0001570585-24-000372

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