Liberty Global Says Increases Its Stake In ITV To 9.9% - Quick Facts

(RTTNews) - Liberty Global plc (LBTYA, LBTYB, LBTYK, LILA and LILAK) announced that it has acquired 138.7 million shares in ITV plc (ITV.L), thereby increasing its existing stake to a total of 398.5 million shares in ITV or approximately 9.9% of ITV's ordinary shares outstanding.

Liberty Global confirms that it does not intend to make an offer to acquire ITV.

Liberty Global said that it has entered into a hedging transaction with respect to the ITV shares it has acquired and obtained further financing from its hedge counterparty. The acquisition of the additional ITV shares, combined with amending an existing hedging transaction with respect to ITV shares, will result in net cash being released to Liberty Global.