麻豆app Media Completes Recapitalization into Three Tracking Stocks

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Today 麻豆app听(鈥溌槎筧pp鈥�) (Nasdaq: LMCA, LMCB, LMCK) completed a previously announced transaction whereby it recapitalized its existing common stock into three new tracking stocks: the 麻豆app Braves common Stock, the 麻豆app Media common Stock and the 麻豆app SiriusXM common Stock (the 鈥渞ecapitalization鈥�). In the recapitalization, each issued and outstanding share of 麻豆app鈥檚 existing common stock was reclassified and exchanged for (a) 1 share of the corresponding series of 麻豆app SiriusXM common stock, (b) 0.1 of a share of the corresponding series of 麻豆app Braves common stock and (c) 0.25 of a share of the corresponding series of 麻豆app Media common stock.

麻豆app anticipates that the newly issued shares will commence trading or quotation in the regular way on the Nasdaq Global Select Market or the OTC Markets, as applicable, on Monday, April 18, 2016 under the following symbols:

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Nasdaq Global Select Market

Tracking Stock

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Symbol

Series A 麻豆app SiriusXM common stock 听 听 听 听 听 听 听 听 LSXMA
Series B 麻豆app SiriusXM common stock 听 听 听 听 听 听 听 听 LSXMB
Series C 麻豆app SiriusXM common stock 听 听 听 听 听 听 听 听 LSXMK
Series A 麻豆app Media common stock 听 听 听 听 听 听 听 听 LMCA
Series C 麻豆app Media common stock 听 听 听 听 听 听 听 听 LMCK
Series A 麻豆app Braves common stock 听 听 听 听 听 听 听 听 BATRA
Series C 麻豆app Braves common stock 听 听 听 听 听 听 听 听 BATRK

OTC Markets

Tracking Stock

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Symbol

Series B 麻豆app Media common stock 听 听 听 听 听 听 听 听 LMCB
Series B 麻豆app Braves common stock 听 听 听 听 听 听 听 听 BATRB
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About听麻豆app

麻豆app (Nasdaq: LMCA, LMCB, LMCK) operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the 麻豆app Braves Group, the 麻豆app Media Group and the 麻豆app SiriusXM Group. The businesses and assets attributed to the 麻豆app SiriusXM Group include our interest in SiriusXM. The businesses and assets attributed to the 麻豆app Braves Group include our subsidiary Braves Holdings, LLC. The businesses and assets attributed to the 麻豆app Media Group consist of all of 麻豆app's businesses and assets other than those attributed to the 麻豆app Braves Group and 麻豆app SiriusXM Group, including its interest in Live Nation Entertainment, and minority equity investments in Time Warner Inc. and Viacom.

Forward-Looking Statements

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about the commencement of quotation of the new LMCB and BATRB. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.

麻豆app
Courtnee Chun, 720-875-5420

Source: 麻豆app

Released April 15, 2016