ENGLEWOOD, Colo. & ANCHORAGE, Alaska–(BUSINESS WIRE)–Liberty Interactive Corporation (“LIC”) (Nasdaq: QVCA, QVCB, LVNTA, LVNTB) and General Communication, Inc. (“GCI”) (Nasdaq: GNCMA) right this moment introduced that, at their respective particular conferences of stockholders, every held at their respective company headquarters on February 2, at eight:00 a.m. native time, the holders of GCI widespread inventory and Liberty Ventures widespread inventory entitled to vote at every assembly accepted the proposals regarding the beforehand introduced proposed transactions between GCI and LIC.
As a consequence, GCI has filed restated articles of incorporation (the “restated GCI articles”) with the Commissioner of the Department of Commerce, Community and Economic Development of the State of Alaska (the “Alaska Commissioner”) which is able to, amongst different issues, change the identify of GCI to “GCI Liberty, Inc.,” impact the reclassification of shares of GCI’s present Class A standard inventory and Class B widespread inventory into shares of Class A-1 widespread inventory and Class B-1 widespread inventory, respectively, and present for the phrases of the auto conversion of the Class A-1 widespread inventory and Class B-1 widespread inventory in reference to the completion of the proposed transactions, every as extra totally described within the joint proxy assertion/prospectus regarding the particular conferences and the proposed transactions. The restated GCI articles are topic to overview and acceptance by the Alaska Commissioner and neither GCI nor LIC may give any assurance concerning the timing of the overview. GCI and LIC will present discover concerning the acceptance of the restated GCI articles, in addition to updates concerning different key steps to the completion of the proposed transactions, as applicable.
GCI and LIC nonetheless count on that the closing of the proposed transactions will happen within the first quarter of 2018. In reference to the proposed transactions, the contemplated reattribution of sure property and liabilities from the Liberty Ventures Group to the QVC Group will happen following the completion of the auto conversion (as described extra totally within the joint proxy assertion/prospectus) however previous to the graduation of buying and selling on the day on which the acquisition of a controlling stake in GCI Liberty is accomplished.
This press launch consists of sure forward-looking statements throughout the that means of the Private Securities Litigation Reform Act of 1995, together with statements in regards to the completion of the proposed transactions between LIC and GCI and the Alaska Commissioner’s acceptance of the restated GCI articles. These forward-looking statements contain many dangers and uncertainties that would trigger precise outcomes to vary materially from these expressed or implied by such statements, together with, with out limitation, the acceptance of the restated GCI articles by the Alaska Commissioner and the satisfaction of situations to the proposed transactions. These forward-looking statements converse solely as of the date of this press launch, and every of LIC and GCI expressly disclaims any obligation or enterprise to disseminate any updates or revisions to any forward-looking assertion contained herein to replicate any change in LIC’s or GCI’s expectations with regard thereto or any change in occasions, situations or circumstances on which any such assertion relies. Please seek advice from the publicly filed paperwork of LIC and GCI, together with their most up-to-date Forms 10-Okay and 10-Q, for added details about LIC, GCI and in regards to the dangers and uncertainties associated to LIC’s and GCI’s respective companies which can have an effect on the statements made on this press launch.
Nothing on this press launch shall represent a solicitation to purchase or a suggestion to promote shares of GCI Liberty, GCI widespread inventory or any of LIC’s monitoring shares. The provide and issuance of shares within the proposed transactions will solely be made pursuant to GCI’s efficient registration assertion. LIC stockholders, GCI shareholders and different buyers are urged to learn the registration assertion and the joint proxy assertion/prospectus concerning the proposed transactions and another related paperwork filed with the SEC, in addition to any amendments or dietary supplements to these paperwork, as a result of they include vital details about the proposed transactions. Copies of these SEC filings can be found free of cost at the SEC’s web site (http://www.sec.gov). Copies of the filings along with the supplies included by reference therein are additionally obtainable, with out cost, by directing a request to Liberty Interactive Corporation, 12300 Liberty Boulevard, Englewood, Colorado 80112, Attention: Investor Relations, Telephone: (720) 875-5420. GCI buyers can entry further info at ir.gci.com.
About Liberty Interactive Corporation
Liberty Interactive Corporation operates and owns pursuits in a broad vary of digital commerce companies. Those companies are at the moment attributed to 2 monitoring inventory teams: the QVC Group and the Liberty Ventures Group. The companies and property attributed to the QVC Group (Nasdaq: QVCA, QVCB) consist of Liberty Interactive Corporation’s subsidiaries, QVC, Inc., HSN, Inc. and zulily, llc, and the companies and property attributed to the Liberty Ventures Group (Nasdaq: LVNTA, LVNTB) consist of all of Liberty Interactive Corporation’s companies and property aside from these attributed to the QVC Group, together with its subsidiary Evite and pursuits in Liberty Broadband Corporation, FTD, Lending Tree, ILG and Charter Communications.
About General Communication, Inc.
GCI is the biggest communications supplier in Alaska, offering knowledge, wi-fi, video, voice and managed providers to shopper and enterprise clients all through Alaska and nationwide. Headquartered in Alaska, GCI has delivered providers for practically 40 years to some of essentially the most distant communities and in some of essentially the most difficult situations in North America. Learn extra about GCI at www.gci.com.