27.03.2014 17:52:19 CET

Bert De Graeve and Stéfan Descheemaeker nominated as new independent directors of Telenet Group Holding NV - Bert De Graeve succeeds Frank Donck as independent chairman

Mechelen, 27 March 2014 - Telenet Group Holding NV will publish tomorrow the agenda for its annual general meeting of shareholders to be held on 30 April 2014. In the agenda, the Board of Directors will propose that Mr Bert De Graeve and Mr Stéfan Descheemaeker be appointed, in their capacities as permanent representatives of  IDw Consult BVBA and SDS Invest NV respectively, as new independent directors of the company. Three of the four independent directors (Messrs Frank Donck, Alex Brabers and Julien De Wilde, the permanent representative of Wilde J Management BVBA) will see their mandates conclude at the upcoming general meeting of shareholders. This is because their independent directorships cannot be extended by law as they have either been directors for 12 years within the Telenet group or have spent three successive terms as independent directors. The independent directorship of Mr Michel Delloye, who is the permanent representative of Cytindus NV, will only conclude after the 2015 general meeting of shareholders.

Should the general meeting of shareholders approve these appointments, then the new Board of Directors will consist of 10 members, three of whom are independent directors. The Board wishes to once again appoint an independent director as its chairman, and if Mr De Graeve is appointed as an independent director by the general meeting of shareholders, the Board of Directors shall also nominate him as the new chairman.

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