Company: LBTYK
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001570585-25-000021
Chunk: 149

Company: Liberty Global Ltd.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 9C
Chunk 149
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 amount of our share repurchases during 2025 will be determined by the actual transaction date share prices and could differ significantly from this amount.

II-103

LIBERTY GLOBAL LTD.Notes to Consolidated Financial Statements — (Continued)December 31, 2024, 2023 and 2022

The following table provides details of our share repurchases during 2024, 2023 and 2022: Class A common sharesClass C common shares SharesrepurchasedAverage pricepaid per  share (a)SharesrepurchasedAverage pricepaid per  share (a)Total cost (a)     in millions2024— $— 38,260,604 $17.73 $678.5 20231,444,000 $18.24 78,452,085 $18.86 $1,505.9 20223,856,700 $21.55 69,381,968 $23.34 $1,702.6 _______________(a)Includes direct acquisition costs, where applicable.Telenet Takeover BidOn June 8, 2023, following approval by the Belgian Financial Services and Markets Authority, Liberty Global Belgium Holding B.V. (LGBH), an indirect wholly-owned subsidiary of Liberty Global, launched a voluntary and conditional public takeover bid for all of the shares of Telenet that we did not already own or that were not held by Telenet (the Telenet Takeover Bid). Following the conclusion of a simplified squeeze-out procedure, Telenet shares were delisted from Euronext Brussels at the close of trade on October 13, 2023. The shares of Telenet that were acquired as a result of the simplified squeeze-out procedure were settled on October 19, 2023 and, from that date, Telenet is owned 100% by LGBH.The Telenet Takeover Bid was funded through (i) available borrowings and (ii) the existing liquidity of Liberty Global. As of December 31, 2023, the consideration associated with the Telenet Takeover Bid, including certain fees and expenses, totaled €904.2 million ($993.7 million at the applicable transaction dates). Subsidiary DistributionsFrom time to time, Telenet and certain other of our subsidiaries make cash distributions to their respective shareholders. Our share of these distributions is eliminated in consolidation