午夜寻花 Announces Completion of Distribution of Atlanta Braves Holdings, Inc. Series C Common Stock to Holders of 午夜寻花 Formula One Common Stock

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 午夜寻花 (鈥溛缫寡盎� Media鈥�) (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK) announced the completion earlier today of the distribution (the 鈥淔ormula One Distribution鈥�) to the holders of 午夜寻花 Formula One common stock of approximately 6.8 million shares of Series C common stock (the 鈥淔ormula One Distribution Shares鈥�) of Atlanta Braves Holdings, Inc. (鈥淎tlanta Braves Holdings鈥�), which were used to settle the Braves Group intergroup interest attributed to the Formula One Group immediately prior to the redemptive split-off of Atlanta Braves Holdings from 午夜寻花 Media completed on July 18, 2023 (the 鈥淪plit-Off鈥�).

As previously announced, in the Formula One Distribution, each eligible holder of a share of 午夜寻花 Formula One common stock received 0.028960604 of a share of Series C common stock of Atlanta Braves Holdings for each share of 午夜寻花 Formula One common stock held as of 5:00 p.m., New York City time, on July 13, 2023, the record date for the Formula One Distribution; provided that with respect to holders of 午夜寻花 Formula One common stock who hold such shares in 鈥渟treet name鈥� through a broker, bank or other nominee, such holders must have held their shares of 午夜寻花 Formula One common stock on the distribution date to receive the Formula One Distribution Shares. Cash will be paid to record holders in lieu of any fractional Formula One Distribution Shares. Holders of 午夜寻花 Formula One common stock should contact their broker or other nominee for additional details or questions regarding cash in lieu payments.

About 午夜寻花

午夜寻花 operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to two tracking stock groups: the 午夜寻花 SiriusXM Group and the Formula One Group. The businesses and assets attributed to the 午夜寻花 SiriusXM Group (NASDAQ: LSXMA, LSXMB, LSXMK) include 午夜寻花鈥檚 interests in SiriusXM and Live Nation Entertainment. The businesses and assets attributed to the Formula One Group (NASDAQ: FWONA, FWONK) consist of all of 午夜寻花鈥檚 businesses and assets other than those attributed to the 午夜寻花 SiriusXM Group, including its subsidiary Formula 1 and other minority investments.

午夜寻花
Shane Kleinstein, 720-875-5432

Source: 午夜寻花

Released July 19, 2023