Atlanta Braves Holdings, Inc. Completes Split-Off From Liberty Media Corporation and Announces Second Quarter Earnings Release and Quarterly Q&A Conference Call and Website Postings of Upcoming Media Appearances
18 Julio 2023 - 4:15PM
Business Wire
Atlanta Braves Holdings, Inc. (“Atlanta Braves Holdings”)
(Nasdaq: BATRA, BATRK) announced that it completed its previously
announced split-off (the “Split-Off”) from Liberty Media
Corporation (“Liberty Media”) (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA,
FWONK) at 5:00 p.m., New York City time, today. As a result,
Liberty Media and Atlanta Braves Holdings are now separate publicly
traded companies. Atlanta Braves Holdings Series A common stock and
Series C common stock will begin trading on Wednesday, July 19,
2023 on the Nasdaq Stock Market, under the symbols “BATRA” and
“BATRK,” respectively. Atlanta Braves Holdings Series B common
stock will be quoted on the OTC Markets under the symbol “BATRB.”
Effective as of the Split-Off, Atlanta Braves Holdings has
outstanding an aggregate of 10,318,202 shares of Atlanta Braves
Holdings Series A common stock, 977,795 shares of Atlanta Braves
Holdings Series B common stock and 50,423,293 shares of Atlanta
Braves Holdings Series C common stock (including 8,603,969 shares
of Atlanta Braves Holdings Series C common issued in connection
with the settlement and extinguishment of the Braves Group
intergroup interests attributed to the Liberty SiriusXM Group and
the Formula One Group in the aggregate).
Quarterly Q&A Conference
Call
Additionally, Atlanta Braves Holdings announced that interested
shareholders and analysts are invited to participate in a brief
quarterly Q&A session following the completion of the prepared
remarks on Liberty Media’s second quarter earnings conference call.
During this Q&A session, management will be accepting questions
regarding both Liberty Media and Atlanta Braves Holdings. The
conference call will be held on Friday, August 4th at 10:00 a.m.
E.T. Before the open of market trading that day, Atlanta Braves
Holdings will issue a press release reporting results for the
second quarter of 2023, which can be found at
https://bravesholdings.com/investors/news-events/press-releases.
During the call, management may discuss the financial performance
and outlook of both companies, as well as other forward-looking
matters.
Please call InComm Conferencing at (877) 704-2829 or +1 (215)
268-9864, passcode 13736985, at least 10 minutes prior to the call.
Callers will need to be on a touch-tone telephone to ask questions.
The conference administrator will provide instructions on how to
use the polling feature.
In addition, the conference call will be broadcast live via the
Internet. All interested participants should visit the Atlanta
Braves Holdings website at
https://www.bravesholdings.com/investors/news-events/ir-calendar to
register for the webcast. Replays of the call will also be
available on the Atlanta Braves Holdings website. The conference
call will be archived on the website after appropriate filings have
been made with the Securities and Exchange Commission (“SEC”).
Website Postings of Upcoming Media
Appearances
Members of Atlanta Braves Holdings management periodically
appear on various public media platforms (including public
appearances and interviews on television, radio, podcasts and
social media) where they discuss Atlanta Braves Holdings’ financial
performance and outlook, as well as the operations and results of
Atlanta Braves Holdings’ businesses. Investors and members of the
public may access this list of upcoming media engagements and ways
to access these engagements, including whether a transcript or
re-play of the appearance or interview will be available after it
has occurred, on the Atlanta Braves Holdings website at
https://www.bravesholdings.com/investors/news-events/ir-calendar.
Atlanta Braves Holdings will continue to issue press releases
providing notice of all other speaking engagements (including
conferences, Investor Days and conference calls to discuss
quarterly and annual results).
Forward-Looking Statements
This communication includes certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including certain statements relating to the proposed
trading of Atlanta Braves Holdings common stock. All statements
other than statements of historical fact are “forward-looking
statements” for purposes of federal and state securities laws.
These forward-looking statements generally can be identified by
phrases such as “possible,” “potential,” “intends” or “expects” or
other words or phrases of similar import or future or conditional
verbs such as “will,” “may,” “might,” “should,” “would,” “could,”
or similar variations. These forward-looking statements involve
many risks and uncertainties that could cause actual results to
differ materially from those expressed or implied by such
statements. These forward-looking statements speak only as of the
date of this communication, and Atlanta Braves Holdings expressly
disclaims any obligation or undertaking to disseminate any updates
or revisions to any forward-looking statement contained herein to
reflect any change in Atlanta Braves Holdings’ expectations with
regard thereto or any change in events, conditions or circumstances
on which any such statement is based. Please refer to the publicly
filed documents of Atlanta Braves Holdings, including in its
Registration Statement on Form S-4 (File No. 333-268922), as
amended, as such risk factors may be amended, supplemented or
superseded from time to time by other reports Atlanta Braves
Holdings subsequently files with the SEC, for additional
information about Atlanta Braves Holdings and about the risks and
uncertainties related to Atlanta Braves Holdings’ business which
may affect the statements made in this communication.
About Atlanta Braves Holdings,
Inc.
Atlanta Braves Holdings, Inc. (NASDAQ: BATRA, BATRK) consists of
100% of the ownership and voting interest in Braves Holdings, LLC,
which is the owner and operator of the Atlanta Braves Major League
Baseball Club and the mixed-use real estate development, The
Battery Atlanta, and is the operator of the Atlanta Braves Major
League Baseball Club’s stadium, Truist Park.
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version on businesswire.com: https://www.businesswire.com/news/home/20230718771459/en/
Atlanta Braves Holdings, Inc. Shane Kleinstein,
720-875-5432
Atlanta Braves (NASDAQ:BATRK)
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