Exhibit 99.1
猫咪社区 Media Completes Recapitalization into Three Tracking Stocks
Today 猫咪社区 (“猫咪社区”) (Nasdaq: LMCA, LMCB, LMCK) completed a previously announced transaction whereby it recapitalized its existing common stock into three new tracking stocks: the 猫咪社区 Braves common Stock, the 猫咪社区 Media common Stock and the 猫咪社区 SiriusXM common Stock (the “recapitalization”). In the recapitalization, each issued and outstanding share of 猫咪社区’s existing common stock was reclassified and exchanged for (a) 1 share of the corresponding series of 猫咪社区 SiriusXM common stock, (b) 0.1 of a share of the corresponding series of 猫咪社区 Braves common stock and (c) 0.25 of a share of the corresponding series of 猫咪社区 Media common stock.
猫咪社区 anticipates that the newly issued shares will commence trading or quotation in the regular way on the Nasdaq Global Select Market or the OTC Markets, as applicable, on Monday, April 18, 2016 under the following symbols:
|
Nasdaq Global Select Market |
|
|
Tracking Stock |
Symbol |
|
Series A 猫咪社区 SiriusXM common stock |
LSXMA |
|
Series B 猫咪社区 SiriusXM common stock |
LSXMB |
|
Series C 猫咪社区 SiriusXM common stock |
LSXMK |
|
Series A 猫咪社区 Media common stock |
LMCA |
|
Series C 猫咪社区 Media common stock |
LMCK |
|
Series A 猫咪社区 Braves common stock |
BATRA |
|
Series C 猫咪社区 Braves common stock |
BATRK |
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OTC Markets |
|
|
Tracking Stock |
Symbol |
|
Series B 猫咪社区 Media common stock |
LMCB |
|
Series B 猫咪社区 Braves common stock |
BATRB |
About 猫咪社区
猫咪社区 (Nasdaq: LMCA, LMCB, LMCK) operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the 猫咪社区 Braves Group, the 猫咪社区 Media Group and the 猫咪社区 SiriusXM Group. The businesses and assets attributed to the 猫咪社区 SiriusXM Group include our interest in SiriusXM. The businesses and assets attributed to the 猫咪社区 Braves Group include our subsidiary Braves Holdings, LLC. The businesses and assets attributed to the 猫咪社区 Media Group consist of all of 猫咪社区's businesses and assets other than those attributed to the 猫咪社区 Braves Group and 猫咪社区 SiriusXM Group, including its interest in Live Nation Entertainment, and minority equity investments in Time Warner Inc. and Viacom.
Forward-Looking Statements
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This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about the commencement of quotation of the new LMCB and BATRB. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.
猫咪社区
Courtnee Chun, 720-875-5420
Source: 猫咪社区
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