Liberty Announces Record and Distribution Date and Symbol Information for Spin-off of Liberty TripAdvisor Holdings
11 Agosto 2014 - 3:27PM
Business Wire
Liberty Interactive Corporation (“Liberty”) (Nasdaq: LINTA,
LINTB, LVNTA, LVNTB), announced today that, in connection with its
upcoming spin-off (the “Spin-off”) of its subsidiary Liberty
TripAdvisor Holdings, Inc. (“TripAdvisor Holdings”), its Board of
Directors has declared a record date of 5:00 p.m., New York City
time, on August 21, 2014 (such date and time, the “record date”)
and a distribution date of 5:00 p.m., New York City time, on August
27, 2014 for the distribution, by means of a dividend, of shares of
TripAdvisor Holdings common stock to effect the Spin-off. In the
Spin-off, Liberty will distribute (the “Distribution”) one share of
TripAdvisor Holdings Series A and Series B common stock for each
share of the corresponding series of Liberty Ventures common stock
held as of the record date. However, because Nasdaq has established
August 28, 2014 as the ex-dividend date of the Distribution, and as
a result of related “due bill” trading procedures, persons
acquiring shares of Liberty Ventures common stock in the market
through August 27, 2014 will still receive shares of TripAdvisor
Holdings common stock in the Distribution. Liberty expects that the
TripAdvisor Holdings Series A and Series B common stock will begin
trading in the regular way on the Nasdaq Global Select Market under
the symbols “LTRPA” and “LTRPB” beginning on August 28, 2014.
Following the Spin-off, TripAdvisor Holdings will hold Liberty’s
22% economic and 57% voting interest in TripAdvisor, Inc., its
BuySeasons business, corporate level cash and cash equivalents of
$50 million and $400 million in indebtedness. The completion of the
Spin-off remains subject to the satisfaction or waiver, as
applicable, of a number of conditions.
About Liberty Interactive Corporation
Liberty Interactive Corporation owns interests in a broad range
of electronic retailing, media, communications, and entertainment
businesses.
Liberty Interactive CorporationCourtnee Ulrich,
720-875-5420
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