Company: LBTYK
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001570585-25-000021
Chunk: 150

Company: Liberty Global Ltd.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 9C
Chunk 150
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 and the noncontrolling interest owners’ share of these distributions is reflected as a charge against noncontrolling interests in our consolidated statements of equity. In this regard, Telenet, prior to the Telenet Takeover Bid, paid aggregate dividends to its shareholders during 2023 and 2022 of €108.6 million and €149.0 million, respectively. Our share of these dividends was €66.3 million ($73.2 million at the applicable rate) and €91.2 million ($96.2 million at the applicable rate), respectively.Restricted Net AssetsThe ability of certain of our subsidiaries to distribute or loan all or a portion of their net assets to our company is limited by the terms of applicable debt facilities. At December 31, 2024, the net assets of our subsidiaries subject to such limitations was not material.

II-104

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

(15)    Share-based Compensation

Our share-based compensation expense primarily relates to the share-based incentive awards issued by Liberty Global to its employees and employees of its subsidiaries. A summary of our aggregate share-based compensation expense is set forth below: Year ended December 31, 202420232022 in millionsLiberty Global (a):Non-performance based incentive awards (b)$113.9 $137.7 $116.3 Performance based incentive awards (c)18.6 6.9 6.6 Other (d)29.7 26.9 19.6 Total Liberty Global162.2 171.5 142.5 Telenet share-based incentive awards (e)— 27.7 10.9 Other6.1 5.6 9.8 Total$168.3 $204.8 $163.2 Included in:Other operating expenses$17.8 $11.3 $4.6 SG&A expenses150.5 193.5 158.6 Total$168.3 $204.8 $163.2 _______________(a)In accordance with the terms of the Telenet Takeover Bid, we issued Liberty Global share-based incentive awards (Telenet Replacement Awards) to employees and former directors of Telenet in exchange for corresponding Telenet awards. In connection with