Liberty Global shareholders have voted overwhelmingly for our proposal to change our place of incorporation to Bermuda from England and Wales.
The percentage of votes in favor ranged from 88% – 95% across each of our three classes of stock.
The move aims to create long-term shareholder value by giving us more flexibility to facilitate investments, enhance efficiency in M&A, spinoffs and other strategies, and simplify share buybacks.
“The principal reason for the proposal is to enable future shareholder value creation by moving into a jurisdiction that makes it substantially easier to facilitate share buy-backs and self-tender offers, spin offs and split offs and other similar transactions.”
Mike Fries, CEO