Liberty Announces Record and Distribution Date and Symbol Information for Spin-off of Liberty TripAdvisor Holdings
ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Liberty Interactive Corporation (鈥淟iberty鈥�) (Nasdaq: LINTA, LINTB, LVNTA, LVNTB), announced today that, in connection with its upcoming spin-off (the 鈥淪pin-off鈥�) of its subsidiary Liberty TripAdvisor Holdings, Inc. (鈥淭ripAdvisor Holdings鈥�), its Board of Directors has declared a record date of 5:00 p.m., New York City time, on August 21, 2014 (such date and time, the 鈥渞ecord date鈥�) and a distribution date of 5:00 p.m., New York City time, on August 27, 2014 for the distribution, by means of a dividend, of shares of TripAdvisor Holdings common stock to effect the Spin-off. In the Spin-off, Liberty will distribute (the 鈥淒istribution鈥�) one share of TripAdvisor Holdings Series A and Series B common stock for each share of the corresponding series of Liberty Ventures common stock held as of the record date. However, because Nasdaq has established August 28, 2014 as the ex-dividend date of the Distribution, and as a result of related 鈥渄ue bill鈥� trading procedures, persons acquiring shares of Liberty Ventures common stock in the market through August 27, 2014 will still receive shares of TripAdvisor Holdings common stock in the Distribution. Liberty expects that the TripAdvisor Holdings Series A and Series B common stock will begin trading in the regular way on the Nasdaq Global Select Market under the symbols 鈥淟TRPA鈥� and 鈥淟TRPB鈥� beginning on August 28, 2014. Following the Spin-off, TripAdvisor Holdings will hold Liberty鈥檚 22% economic and 57% voting interest in TripAdvisor, Inc., its BuySeasons business, corporate level cash and cash equivalents of $50 million and $400 million in indebtedness. The completion of the Spin-off remains subject to the satisfaction or waiver, as applicable, of a number of conditions.
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Liberty Interactive Corporation owns interests in a broad range of electronic retailing, media, communications, and entertainment businesses.
Liberty Interactive Corporation
Courtnee Ulrich, 720-875-5420
Source: Liberty Interactive Corporation
Released August 11, 2014