Liberty Global has announced the authorization of a new $1.0 billion stock repurchase program and its intention to spend this amount during 2013, consistent with prior years.
Through December 14, 2012, Liberty Global has repurchased approximately $925 million of its equity during 2012, bringing its cumulative buyback total since inception in 2005 to over $9.0 billion.
Under this new $1.0 billion stock repurchase program, Liberty Global may acquire from time to time its Series A common stock, Series C common stock, or any combination of Series A and Series C common stock. The stock repurchase programme may be effected through open market transactions and/or privately negotiated transactions, which may include derivative transactions.
The timing of the repurchase of shares pursuant to the program will depend on a variety of factors, including market conditions. The programme described above may be implemented by brokers for the Company within certain pre-set parameters and purchases may continue during closed periods in accordance with applicable restrictions. The programme may be suspended or discontinued at any time.