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: June 16, 1999
United International Holdings, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-21974 84-1116217
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification #)
incorporation)
4643 South Ulster Street, Suite 1300, Denver, CO 80237
(Address of Principal Executive Office)
(303) 770-4001
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
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On June 15, 1999, United International Holdings, Inc., d/b/a
UnitedGlobalCom, issued a press release announcing an unregistered offering of
newly issued shares by its subsidiary Austar United Communications Limited. The
press release, a copy of which is included as an exhibit hereto, was issued
pursuant to Rule 135c under the Securities Act of 1933.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
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(c) Exhibits
99.1 Press Release dated June 15, 1999.
2
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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.
UNITED INTERNATIONAL HOLDINGS, INC.
DATE: June 15, 1999 By: /s/ Valerie L. Cover
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Valerie L. Cover, Controller
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For Immediate Release June 15, 1999
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[UnitedGlobalCom Logo]
UNITED ANNOUNCES OFFERING OF SHARES IN AUSTRALIAN SUBSIDIARY
DENVER, COLORADO - UnitedGlobalCom ("United") (Nasdaq: UCOMA), formally known as
United International Holdings, today announced that it is pursuing an offering
of newly-issued ordinary shares of Austar United Communications Limited ("Austar
United"), the company that holds United's Australian and New Zealand properties.
These include 100%-owned Austar Entertainment Pty Limited, which offers pay
television services in regional Australia primarily via direct-to-home satellite
services; 50%-owned XYZ Entertainment Limited, which provides five channels of
programming to the Australian pay television market; and 65%-owned Saturn
Communications Limited ("Saturn"), which owns and operates a hybrid
fiber-coaxial network in Wellington, New Zealand that provides telephony, pay
television and Internet/data services. Austar United has reached an agreement in
principle to increase its interest in Saturn to 100% in connection with the
offering.
The terms of the offering have not been finalized, but United plans that the
shares sold will constitute a minority interest of Austar United. The proceeds
of the offering will be used for further development of Austar United's
businesses. The offering is expected to be completed by the end of July, 1999.
The securities will not be registered under the Securities Act of 1933 and may
not be offered in the United States absent registration or an applicable
exemption from the registration requirements of the Act.
United is a leading provider of video, voice, data and programming services
outside of the United States, with operations in over 20 countries throughout
the world. Including announced transactions, United's operating systems reach
approximately 11.2 million homes passed and serve approximately 5.5 million
video subscribers, over 162,000 telephony access lines and over 40,000 Internet
access customers. Additionally, United's programming services reach over 6.4
million subscribers worldwide.
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(continued)
UnitedGlobalCom/2
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995: STATEMENTS IN THIS PRESS RELEASE REGARDING UNITEDGLOBALCOM'S BUSINESS
WHICH ARE NOT HISTORICAL FACTS, INCLUDING AUSTAR UNITED'S PLANNED OFFERING, ARE
"FORWARD-LOOKING STATEMENTS" THAT INVOLVE RISKS AND UNCERTAINTIES. FOR A
DISCUSSION OF SUCH RISKS AND UNCERTAINTIES, WHICH COULD CAUSE ACTUAL RESULTS TO
DIFFER FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS, SEE "MANAGEMENT'S
DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS" IN THE
COMPANY'S ANNUAL REPORT ON FORM 10-K FOR THE MOST RECENTLY ENDED FISCAL YEAR.
# # #
For further information contact:
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At UnitedGlobalCom: At Burson Marsteller:
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Mike Fries - President Tony Herrling - MD
(303) 220-6610 phone (212) 614-5216 phone
Email: [email protected] Email: [email protected]
Stanley Di Cicco - Director of Finance Erik Hendrickson - Senior Associate
(303) 220-6682 phone (212) 614-4951 phone
Email: [email protected] Email: [email protected]
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