GCI Liberty Receives Notice of Acceptance of Amended and Restated Articles of Incorporation
February 21 2018 - 8:00AM
Business Wire
Liberty Interactive Corporation (“LIC”) (Nasdaq: QVCA,
QVCB, LVNTA, LVNTB) and GCI Liberty, Inc. (“GCI Liberty”)
(Nasdaq: GNCMA) today announced that on February 20, 2018 GCI
Liberty received notice from the Commissioner of the Department of
Commerce, Community and Economic Development of the State of Alaska
that its amended and restated articles of incorporation were
accepted for filing.
As a result, among other things, the name of the company changed
from “General Communication, Inc.” to “GCI Liberty, Inc.”, and the
reclassification of each share of GCI Liberty’s former Class A
common stock and Class B common stock into one share of its Class
A-1 common stock and Class B-1 common stock, respectively, became
effective, each as more fully described in the joint proxy
statement/prospectus relating to the proposed transactions between
GCI Liberty and LIC.
GCI Liberty expects that the Class A-1 Common Stock will begin
trading on February 22, 2018 on the Nasdaq Global Select Market
under the symbol “GNCMA”, and the Class B-1 Common Stock will begin
quotation on The OTC Markets on February 22, 2018 under the symbol
“GNCMB”.
GCI Liberty and LIC continue to expect that the closing of the
proposed transactions will occur in the first quarter of 2018.
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 completion of the proposed
transactions between LIC and GCI Liberty and the trading and
quotation of GCI Liberty’s common stock. These forward-looking
statements involve many risks and uncertainties that could cause
actual results to differ materially from those expressed or implied
by such statements, including, without limitation, the satisfaction
of conditions to the proposed transactions. These forward-looking
statements speak only as of the date of this press release, and
each of LIC and GCI Liberty expressly disclaims any obligation or
undertaking to disseminate any updates or revisions to any
forward-looking statement contained herein to reflect any change in
LIC’s or GCI Liberty’s expectations with regard thereto or any
change in events, conditions or circumstances on which any such
statement is based. Please refer to the publicly filed documents of
LIC and GCI Liberty, including their most recent Forms 10-K and
10-Q, for additional information about LIC, GCI Liberty and about
the risks and uncertainties related to LIC’s and GCI Liberty’s
respective businesses which may affect the statements made in this
press release.
Additional Information
Nothing in this press release shall constitute a solicitation to
buy or an offer to sell shares of GCI Liberty or any of LIC’s
tracking stocks. The offer and issuance of shares in the proposed
transactions will only be made pursuant to GCI Liberty’s effective
registration statement. LIC stockholders, GCI Liberty shareholders
and other investors are urged to read the registration statement
and the joint proxy statement/prospectus regarding the proposed
transactions and any other relevant documents filed with the SEC,
as well as any amendments or supplements to those documents,
because they contain important information about the proposed
transactions. Copies of these SEC filings are available free of
charge at the SEC’s website (http://www.sec.gov). Copies of the
filings together with the materials incorporated by reference
therein are also available, without charge, by directing a request
to Liberty Interactive Corporation, 12300 Liberty Boulevard,
Englewood, Colorado 80112, Attention: Investor Relations,
Telephone: (720) 875-5420. GCI Liberty investors can access
additional information at ir.gci.com.
About Liberty Interactive
Corporation
Liberty Interactive Corporation operates and owns interests in a
broad range of digital commerce businesses. Those businesses are
currently attributed to two tracking stock groups: the QVC Group
and the Liberty Ventures Group. The businesses and assets
attributed to the QVC Group (Nasdaq: QVCA, QVCB) consist of Liberty
Interactive Corporation’s subsidiaries, QVC, Inc.,
HSN, Inc. and zulily, llc, and the businesses and assets
attributed to the Liberty Ventures Group (Nasdaq: LVNTA, LVNTB)
consist of all of Liberty Interactive Corporation’s businesses and
assets other than those attributed to the QVC Group, including its
subsidiary Evite and interests in Liberty Broadband Corporation,
FTD, Lending Tree, ILG and Charter Communications.
About GCI Liberty, Inc.
GCI Liberty is the largest communications provider in Alaska,
providing data, wireless, video, voice and managed services to
consumer and business customers throughout Alaska and nationwide.
Headquartered in Alaska, GCI Liberty has delivered services for
nearly 40 years to some of the most remote communities and in some
of the most challenging conditions in North America. Learn more
about GCI Liberty at www.gci.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20180221005451/en/
Liberty Interactive CorporationCourtnee Chun,
720-875-5420orGCI Liberty, Inc.Heather Handyside,
907-301-3481
Gci Liberty, Inc. (delisted) (NASDAQ:GNCMA)
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