NTL INC/NY/
S-8 POS, 1999-10-15
CABLE & OTHER PAY TELEVISION SERVICES
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  As filed with the Securities and Exchange Commission on October 15, 1999
                                                    Registration No. 333-13015
- ------------------------------------------------------------------------------


                     SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549

                              ---------------


                       POST-EFFECTIVE AMENDMENT NO. 1
                                     TO
                                  FORM S-8
                           REGISTRATION STATEMENT
                                   UNDER
                         THE SECURITIES ACT OF 1933

                              ---------------


                              NTL INCORPORATED
           (Exact name of registrant as specified in its charter)

             DELAWARE                                 13-405-1921
(State of other jurisdiction of        (I.R.S. Employer Identification Number)
incorporation or organization)

                            110 East 59th Street
                          New York, New York 10022
                               (212) 906-8440
 (address, including zip code, and telephone number, including area code, of
                 registrant's principal executive offices)

                                    NTL
                          Richard J. Lubasch, Esq.
                         Executive Vice President,
                       General Counsel and Secretary
                            110 East 59th Street
                          New York, New York 10022
                               (212) 906-8440
  (Name, address, including zip code, and telephone number, including area
                        code, of agent for service)

                              ---------------


                                 COPIES TO:

                          Thomas H. Kennedy, Esq.
                  Skadden, Arps, Slate, Meagher & Flom LLP
                              919 Third Avenue
                          New York, New York 10021

                              ---------------



                 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8

      This post-effective amendment No. 1 to Registration Statement on Form
S-8 (No. 333-13015) of the registrant's predecessor company, International
CableTel Incorporated, is being filed pursuant to Rule 414 under the
Securities Act of 1933, as amended, to reflect the adoption by NTL
Incorporated, a Delaware corporation, of a holding company form of
organizational structure. The holding company organizational structure was
effected pursuant to an agreement and plan of merger among NTL, NTL
Communications Corp., a Delaware corporation ("Holdco") and NTL Mergerco,
Inc., a Delaware corporation and wholly-owned subsidiary of Holdco. The
merger agreement provides for, among other things, the merger of NTL
Mergerco, Inc. with and into NTL, with NTL continuing as the surviving
corporation. Pursuant to Section 251(g) of the General Corporation Law of
the State of Delaware, stockholder approval of the merger was not required.

      As a result of the merger, which was consummated on April 1, 1999,
NTL became a direct wholly-owned subsidiary of Holdco. Immediately
following the merger, Holdco changed its name to NTL Incorporated and
retained the same trading symbols of NTL: NTLI (NASDAQ) and NTLI.ED
(ESDAQ).

      Holdco, renamed NTL Incorporated, is the successor issuer to NTL.

      Each share of common stock, par value $.01 per share, of NTL issued
and outstanding was converted into and exchanged for one share of common
stock, par value $.01 per share, of Holdco including an associated right to
purchase series A junior participating preferred stock of Holdco.
Additionally, the following conversions were effected pursuant to the terms
of the merger agreement:

      o     each share of 13% series A preferred stock issued and
            outstanding of NTL was converted into one share of 13% series A
            preferred stock of Holdco;

      o     each share of 13% series B preferred stock issued and
            outstanding of NTL was converted into one share of 13% series B
            preferred stock of Holdco;

      o     each share of 9.9% series A preferred stock issued and
            outstanding of NTL was converted into one share of 9.9% series
            A preferred stock of Holdco;

      o     each share of 9.9% series B preferred stock issued and
            outstanding of NTL was converted into one share of 9.9% series
            B preferred stock of Holdco;

      o     each share of 5 1/4% series A preferred stock issued and
            outstanding of NTL was converted into one share of 5 1/4%
            series A preferred stock of Holdco;

      o     each share of 5 1/4% series B preferred stock issued and
            outstanding of NTL was converted into one share of 5 1/4%
            series B preferred stock of Holdco.

      Holdco also assumed NTL's obligations with respect to the conversion
rights of holders of 7% convertible subordinated notes due 2008 of NTL. The
conversion privileges of such holder of the 7% convertible subordinated
notes due 2008 which entitled such holder to shares of common stock of NTL
were amended to entitle such holder to a corresponding number of shares of
common stock of Holdco.

      As a result of the merger, each outstanding employee stock option and
warrant to purchase shares of NTL's common stock granted under any employee
stock option or compensation plan or arrangement of NTL was converted into
an option to purchase one share of Holdco's common stock in accordance with
the provisions of such employee stock option or compensation plan or
arrangement or warrant agreement.

      In accordance with paragraph (d) of Rule 414 under the Securities
Act, Holdco, renamed NTL Incorporated, hereby expressly adopts this
registration statement as its own registration statement for all purposes
of the Securities Act and the Securities Exchange Act of 1934, as amended.

      The applicable registration fees were paid at the time of the
original filing of this registration statement.



                                 SIGNATURES

      Pursuant to the requirements of the Securities Act of 1933, as
amended, the Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form S-8 and has duly
caused this post-effective amendment to the registration statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in the
City of New York, State of New York, on this 15th day of October 1999.

                                 NTL INCORPORATED


                                 By:/s/ Richard J. Lubasch
                                    ______________________________
                                    Name:Richard J. Lubasch
                                    Title:Executive Vice President,
                                          General Counsel and Secretary



      Pursuant to the requirements of the Securities Act of 1933, as
amended, this amendment to the registration statement has been signed by
the following persons in the capacities indicated with respect to NTL
Incorporated, on this 15th day of October, 1999.

           Signature                                Title

/s/ George S. Blumenthal                  Chairman of the Board, Treasurer
____________________________              and Director
   George S. Blumenthal


/s/ J. Barclay Knapp                      President, Chief Executive Officer
____________________________              and Director
   J. Barclay Knapp


/s/ John Gregg                            Senior Vice President and Chief
____________________________              Financial Officer
   John Gregg


/s/ Gregg Gorelick                        Vice President-Controller and Chief
____________________________              Accounting Officer
   Gregg Gorelick


/s/ Robert T. Goad                        Director
____________________________
   Robert T. Goad


/s/ Sidney R. Knafel                      Director
____________________________
   Sidney R. Knafel


/s/ Ted H. McCourtney                     Director
____________________________
   Ted H. McCourtney


/s/ Del Mintz                             Director
____________________________
   Del Mintz


/s/ Alan J. Patricof                      Director
____________________________
   Alan J. Patricof


/s/ Warren Potash                         Director
____________________________
   Warren Potash


- ---------------------------               Director
    Jean-Louis Vinciguerra


/s/ Michael Willner                       Director
- ---------------------------
    Michael Willner





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