Liberty Latin America Ltd. Announces When-Issued Trading and Trading Symbol Information for Subscription Rights Offering
September 10 2020 - 7:15AM
Business Wire
Liberty Latin America Ltd. (“Liberty Latin America”) (Nasdaq:
LILA and LILAK, OTC Link: LILAB) announced today that the
subscription rights to purchase its Class C common shares (the
“Class C Rights”) to be distributed to holders of Liberty Latin
America’s Class A common shares, Class B common shares and Class C
common shares in connection with its previously announced rights
offering (the "Rights Offering") will trade on a when-issued basis
on the Nasdaq Global Select Market under the symbol “LILRV” on
September 10, 2020 and will begin trading in the regular way on the
Nasdaq Global Select Market under the symbol “LILAR” on September
11, 2020.
For additional information on the Rights Offering, please see
the prospectus included in Liberty Latin America's Registration
Statement on Form S-3 filed with the Securities and Exchange
Commission (the “Commission”) on September 10, 2020 (the
“Prospectus”). The completion of the distribution of the Class C
Rights remains subject to the satisfaction of certain conditions,
and Liberty Latin America reserves the right to terminate the
Rights Offering at any time prior to the expiration date of the
Rights Offering, including prior to the distribution of the Class C
Rights or the commencement of the Rights Offering.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements about the distribution of the Class C
Rights, the Rights Offering and other information and statements
that are not historical fact. These forward-looking statements
involve certain risks and uncertainties that could cause actual
results to differ materially from those expressed or implied by
these statements, including, without limitation, Liberty Latin
America's ability to satisfy the conditions to the distribution of
the Class C Rights and ability to complete the Rights Offering.
These forward-looking statements speak only as of the date of this
press release. We expressly disclaim any obligation or undertaking
to disseminate any updates or revisions to any forward-looking
statement contained herein to reflect any change in our
expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is based.
Please refer to our filings with the Commission, including our most
recently filed Form 10-K and Form 10-Q, for additional information
about the risks and uncertainties related to our business that may
affect the statements made in this press release.
This press release is for informational purposes only and does
not constitute an offer to sell or the solicitation of an offer to
buy nor will there be any sale of any securities referred to in
this press release in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of such state or
jurisdiction. The Rights Offering will be made only by means of a
prospectus meeting the requirements of the Securities Act of 1933,
as amended. None of Liberty Latin America, its board of directors
or any committee of its board of directors is making any
recommendation to rightsholders as to whether to exercise or sell
their Class C Rights. Rightsholders should carefully read the
Prospectus insofar as it relates to the Rights Offering before
making any decisions with respect to their Class C Rights.
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version on businesswire.com: https://www.businesswire.com/news/home/20200910005516/en/
Investor Relations: Kunal
Patel ir@lla.com
Media Relations: Claudia
Restrepo llacommunications@lla.com
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