Each Altice N.V. shareholder will be given the right to elect its portion of Class A Common Stock and Class B Common stock its wishes to receive, with a cap on the maximum shares of Class B Common Stock of 247.7 million shares of Class B Common Stock or 50%. If the cap is exceeded the Class B Common Stock requested by a shareholder will be proportionally reduced and replaced by shares of Class A Common Stock. The Altice USA, Inc. shares of Class A Common Stock are listed and entitled to one vote per share. The Altice USA, Inc. shares of Class B Common Stock are non-listed and entitled to 25 votes per share.
De Brauw acted as lead counsel to Altice N.V.
Martin can Olffen, Gaby Smeenk, Paul Sleurink and Angela van Breda.
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