The Board of Liberty Global plc (NasdaqGS:LBTY.A) completed the split-off of Liberty Latin America Ltd..
December 28, 2017
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The Board of Liberty Global plc (NasdaqGS:LBTY.A) announced the split-off of Liberty Latin America Ltd on November 16, 2017. Liberty Global is effecting the split-off by distributing to holders its LiLAC ordinary shares as a dividend: one Class A common share for each Class A LiLAC Ordinary Share, one Class B common share for each Class B LiLAC Ordinary Share and one Class C common share for each Class C LiLAC Ordinary Share, in each case, held by such shareholder as of the distribution date. The Liberty Latin America Class A and Class C common shares will be listed on the Nasdaq Global Select Market under the symbols “LILA” and “LILAK” respectively, and the Liberty Latin America Class B common shares will be quoted on the OTC Markets under the symbol “LILAB." John C. Malone, Miranda Curtis and Paul A. Gould, Directors of Liberty Global, and Liberty Global's Chief Financial Officer will also serve as Directors of Liberty Latin immediately following the split-off. Additionally, the Chief Executive Officer of Liberty Global, Michael Fries, will serve as Liberty Latin's Executive Chairman.
The deal is subject to regulatory approval, receiving opinion form tax advisor, effectiveness of Registration Statement, the approval of NASDAQ for the listing of Class A and Class C common share and any material regulatory or contractual consents or approvals that the Liberty Global Board determines. The Board of Liberty Global has approved the deal. The record date for the transaction is December 26, 2017. LionTree Advisors acted as financial advisor, George Casey, Robert Katz and Harald Halbhuber of Shearman & Sterling LLP acted as tax counsels, Robert W. Murray, Renee L. Wilm and Beverly B. Reyes of Baker Botts L.L.P acted as legal advisors, Conyers Corporate Services (Bermuda) Limited acted as registrar and Computershare Trust Company, NA acted as transfer agent for Liberty Global. Marcello Ausenda and Edward Rance of Conyers Dill & Pearman acted as legal advisors to Liberty Latin America in the transaction.
The Board of Liberty Global plc (NasdaqGS:LBTY.A) completed the split-off of Liberty Latin America Ltd on December 29, 2017.
Liberty Latin America Ltd is a communications company operating in over 20 countries across Latin America and the Caribbean under the consumer brands BTC, Flow, Liberty and Mas Movil, and through ClaroVTR, its joint venture in Chile. The Company's business products and services include enterprise-grade connectivity, data center, hosting and managed solutions, as well as information technology solutions with customers ranging from small and medium enterprises to international companies and governmental agencies. In addition, Liberty Latin America operates a subsea and terrestrial fiber optic cable network that connects approximately 40 markets in the region. Its segments are C&W Caribbean and C&W Panama. The communications and entertainment services that the Company delivers to its residential and business customers include video, broadband Internet, telephony and mobile services. It is focused on leveraging its full-service product suite to deliver fixed-mobile convergence offerings.
LIBERTY LATIN AMERICA LTD. 
