Telenet Group Holding NV announced that the board of directors proposed to proceed with an extraordinary dividend payment of €600.0 million, equivalent to approximately €5.2 (gross) per share, consistent with the board's previously stated intention to revert on additional forms of shareholder remuneration in the second half of the year. The company will convene a general shareholders' meeting (EGM"), currently contemplated to be held on September 26, 2018. The effective pay-out date is currently contemplated, subject to EGM approval, to take place on October 4, 2018, with the ex-coupon date on October 1, 2018 and the record date on October 3, 2018.

Effective August 1, 2018, Mr. Jim Ryan will voluntarily resign from the company's board of directors. Consequently, the board of directors will further reduce to 9 members, out of which 3 independent directors.