Cinven and Warburg Pincus announce the exercise of the over-allotment option in connection with the placement of 37 million shares of Ziggo N.V. announced on 24 October 2012
Cinven Cable Investments S.à r.l., WP Holdings IV B.V. (respectively “Cinven” and “Warburg Pincus”) and their co-investors announce that, in relation to the placement of 37 million shares of Ziggo N.V. (“Ziggo”) announced on 24 October 2012, the Joint Bookrunners have exercised their over-allotment option, resulting in the purchase of 3 million additional ordinary shares of Ziggo at a price of €24.75 per share.
Following the exercise and settlement of this over-allotment option, Cinven, Warburg Pincus and their co-investors will own a combined 74.2 million shares in Ziggo, representing approximately 37.1% of the capital. Settlement of this over-allotment option is expected to occur on Friday 2 November 2012.
J.P. Morgan Securities plc and Morgan Stanley & Co. International plc are acting as Joint Global Coordinators and Joint Bookrunners. Deutsche Bank AG London Branch, UBS Limited, ABN Amro Bank N.V and Nomura International plc are acting as Joint Bookrunners for the Offering.