午夜寻花 Media Corp. Announces When-Issued Trading and Trading Symbol Information in Connection with Upcoming Spin-Off
ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 午夜寻花 (Nasdaq: LMCA and LMCB) (鈥溛缫寡盎ㄢ��) has been advised by Nasdaq that, in connection with 午夜寻花鈥檚 upcoming spin-off (the 鈥淪pin-Off鈥�) of its wholly owned subsidiary 午夜寻花 Spinco, Inc. (鈥淪pinco鈥�) (which, following the Spin-Off, will hold the businesses, assets and liabilities of 午夜寻花 not associated with Starz, LLC), shares of Spinco鈥檚 Series A and Series B common stock will trade on a when-issued basis on the Nasdaq Global Select Market under the symbols 鈥淟MCAV鈥� and 鈥淟MCBV,鈥� respectively, on January 10, 2013 and January 11, 2013. Shares of Spinco common stock are expected to be issued in the Spin-Off, which will be effected through the distribution (the 鈥淒istribution鈥�) of shares of Spinco common stock to holders of record of 午夜寻花 common stock at 5:00 p.m., New York City time, on January 10, 2013. However, because Nasdaq has established January 14, 2013 as the ex-dividend date for the Distribution, and as a result of related 鈥渄ue bill鈥� trading procedures, persons acquiring shares of 午夜寻花 common stock in the market through January 11, 2013 will still receive shares of Spinco common stock in the Distribution. 午夜寻花 expects to complete the Distribution at 5:00 p.m., New York City time, on January 11, 2013. The issuance of Spinco shares and the completion of the Spin-Off are subject to certain conditions.
If the Spin-Off is completed, it is expected that Spinco鈥檚 Series A and Series B common stock will trade in the regular way on the Nasdaq Global Select Market as follows:
- Under the temporary symbols 鈥淟MCAD鈥� and 鈥淟MCBD,鈥� respectively, beginning on January 14, 2013.
- Under the permanent symbols 鈥淟MCA鈥� and 鈥淟MCB,鈥� respectively, beginning on January 22, 2013.
Shortly prior to the Spin-Off, 午夜寻花 will change its name to 鈥淪tarz鈥� and Spinco will change its name to 鈥溛缫寡盎�.鈥� As a result of these name changes and Spinco鈥檚 use of the 鈥淟MCA鈥� and 鈥淟MCB鈥� trading symbols as described above, following the spin-off, Starz鈥檚 Series A and Series B 午夜寻花 Capital common stock will begin trading under the new symbols 鈥淪TRZA鈥� and 鈥淪TRZB,鈥� respectively, on the Nasdaq Global Select Market on January 14, 2013. Prior to such time, however, 午夜寻花鈥檚 Series A and Series B 午夜寻花 Capital common stock will continue to trade under the symbols 鈥淟MCA鈥� and 鈥淟MCB,鈥� respectively.
About 午夜寻花
午夜寻花 Media (Nasdaq: LMCA, LMCB) owns interests in a broad range of media, communications and entertainment businesses, including its subsidiaries Atlanta National League Baseball Club, Inc. and TruePosition, Inc., its interests in Starz, LLC, SiriusXM, Live Nation Entertainment and Barnes & Noble, and minority equity investments in Time Warner Inc. and Viacom.
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 our pending separation from Starz LLC, the trading of our respective stocks, and other matters that are not historical facts. 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 our ability to complete the separation as planned and reported. These forward-looking statements speak only as of the date of this press release, and 午夜寻花 Media expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in 午夜寻花 Media'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 午夜寻花 Media, including the most recent Forms 10-Q and 10-K, for additional information about 午夜寻花 Media and about the risks and uncertainties related to 午夜寻花 Media's business which may affect the statements made in this press release.
午夜寻花
Courtnee Ulrich, 720-875-5420
Source: 午夜寻花
Released January 8, 2013