Liberty Global plc´s Liberty Global Latin America and Caribbean Group (“LiLAC Group”) will launch a USD300 million stock repurchase program for LiLAC ordinary shares (NASDAQ: LILA, LILAK), the company said.
The purchases will be funded by LiLAC liquidity and free cash flow. The program will commence immediately and runs until year-end 2019.
Under the program, LiLAC Class A ordinary shares, LiLAC Class C ordinary shares, or any combination of LiLAC Class A and LiLAC Class C ordinary shares may be acquired from time to time.
Liberty Global is an international TV and broadband company, with operations in more than 30 countries across Europe, Latin America and the Caribbean.