-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ldfz56QV7upea4R/JsN5EMSVZ3C77Bzwbsp5BKrkXLm/ClZHoOcFVjGC04J1db5H U7bCC6EJgYPR30iLfQ0lfA== 0000950172-99-001242.txt : 19990920 0000950172-99-001242.hdr.sgml : 19990920 ACCESSION NUMBER: 0000950172-99-001242 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990825 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990917 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NTL BERMUDA LTD CENTRAL INDEX KEY: 0000919957 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 000000000 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-24792 FILM NUMBER: 99713055 BUSINESS ADDRESS: STREET 1: CEDAR HOUSE STREET 2: 41 CEDAR AVENUE CITY: HAMILTON STATE: D0 ZIP: HM12 BUSINESS PHONE: 4412952244 MAIL ADDRESS: STREET 1: 110 EAST 59TH STREET STREET 2: 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: COMCAST UK CABLE PARTNERS LTD DATE OF NAME CHANGE: 19940309 8-K 1 FORM 8-K, DATED AUGUST 25, 1999 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------------------------------------------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) AUGUST 25, 1999 ---------------- NTL (BERMUDA) LIMITED -------------------------------------------------- (Exact Name of Registrant as Specified in Charter) Bermuda 0-24521 Not Applicable - ------------------------------------------------------------------------------ (State or Other (Commission (IRS Employer Jurisdiction of File Number) Identification No.) Incorporation) Cedar House, 41 Cedar Ave., Hamilton, Bermuda HM 12 - ------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, including area code (441)295-2244 -------------- ------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Item 5. Other Events. - ------- ------------- On August 25, 1999 NTL Incorporated ("NTL") announced that Telewest Communications PLC exercised its right to purchase all of NTL's shares of Cable London PLC and all of NTL's related rights and interests for the purchase price of approximately 428 million pounds sterling(approximately $685 million) in cash. The purchase price implies a total enterprise value for Cable London of approximately 1 billion pounds sterling(approximately $1.6 billion). Item 7. Financial Statements and Exhibits - ------- --------------------------------- Exhibits 99.1 Press release, issued August 25, 1999 SIGNATURES ---------- Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. NTL (BERMUDA) LIMITED (Registrant) By: /s/ Richard J. Lubasch -------------------------- Name: Richard J. Lubasch Title: Executive Vice President- General Counsel Dated: September 17, 1999 EXHIBIT INDEX ------------- Exhibit Page - ------- ----- 99.1 Press Release issued, August 25, 1999 EX-99 2 PRESS RELEASE, DATED AUGUST 25, 1999 Exhibit 99.1 FOR IMMEDIATE RELEASE NTL INCORPORATED ANNOUNCES THE SALE OF ITS 50% INTEREST IN CABLE LONDON PLC New York, New York (August 25, 1999) - NTL Incorporated (NASDAQ; NTLI; EASDAQ; NTLI.ED) announced today that Telewest Communications PLC has exercised its right to purchase all of NTL's shares of Cable London PLC and all of NTL's related rights and interests for the purchase price of approximately 428 million pounds sterling(approximately $685 million) in cash. The purchase price implies a total enterprise value for Cable London of approximately 1 billion pounds sterling(approximately $1.6 billion). The purchase price was set by NTL pursuant to the provisions of a buy/sell agreement between the parties, as the price at which NTL would be willing either to purchase all of Telewest's interests in Cable London or sell all of its interests in Cable London. The closing of the sale of NTL's interest in Cable London is expected to take place within the next 90 days. ***** For further information contact: In the U.S.: Michael A. Peterson, Director - Corporate Development; Bret Richter, Director - Corporate Development, Lauren H. Blair, Assistant General Counsel, or Kathy Makrakis, Director - Investor Relations at (212) 906-8440; in the UK: Alison Smith at (01252) 402662; or via e-mail at investor_relations@ntli.com. -----END PRIVACY-ENHANCED MESSAGE-----