Form 4: Liberty Global Completes Share Exchange in Lionsgate and Starz Transaction
SEC Form 4 Filing
Liberty Global reports the exchange of its Lions Gate Entertainment Corp shares for shares in New Lionsgate and Starz Entertainment Corp following the completion of the arrangement agreement.
Summary
- Liberty Global Ltd. and Liberty Global Ventures Limited jointly filed a Form 4 regarding changes in beneficial ownership of Lions Gate Entertainment Corp. shares.
- On May 6, 2025, Liberty Global exchanged its Class A and Class B voting shares of Lions Gate Entertainment Corp. for common shares of New Lionsgate and Starz Entertainment Corp.
- The exchange was part of the transactions outlined in the Arrangement Agreement dated January 29, 2025, and amended on March 12, 2025.
- The reporting persons previously held 4,049,972 Class A voting shares and 2,500,000 Class B voting shares through a wholly-owned subsidiary.
- Following the transaction, the reporting persons no longer directly hold these shares.
- The filing also clarifies that a separate Form 3 report has been filed for Starz, reporting beneficial ownership with respect to Starz.
- The reporting persons may be considered part of a 'group' exceeding 10% ownership of common shares, but they disclaim beneficial ownership of shares held by other members of this potential group.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing related to a previously announced transaction. The sentiment is neutral as it simply reports the completion of the share exchange.
Industry Context
This announcement reflects a corporate restructuring involving Lions Gate Entertainment Corp. and the creation of New Lionsgate and Starz Entertainment Corp. It's part of a broader trend of media companies reorganizing their assets to better compete in the evolving entertainment landscape.
Stakeholder Impact
- Shareholders of Lions Gate Entertainment Corp. are impacted as their shares were exchanged for shares in New Lionsgate and Starz Entertainment Corp.
Key Dates
| Date | Description |
|---|---|
| 2025-01-29 | Date of the Arrangement Agreement |
| 2025-03-12 | Date the Arrangement Agreement was amended |
| 2025-03-14 | Date of the Issuer's Joint Proxy Statement/Prospectus included in the Registration Statement on Form S-4 |
| 2025-05-06 | Date of the share exchange transaction |
| 2025-05-07 | Date Form 3 report filed for Starz |
| 2025-05-08 | Date of signature for the Form 4 filing |
Keywords
share exchange, Lions Gate Entertainment Corp, Liberty Global, Starz Entertainment Corp, beneficial ownership, Form 4, Form 3
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