SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) MARCH 18, 1998
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NTL INCORPORATED
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-22616 52-1822078
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(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
110 East 59th Street, New York, New York 10022
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including area code (212)906-8440
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
On March 18, 1998, NTL Incorporated ("NTL") announced that it is calling
for redemption all of its $191,750,000 principal amount of 7-1/4% Convertible
Subordinated Notes due 2005 (Cusip No. 459216 AB3). Notices of this redemption
are being given to all noteholders by the Trustee. The redemption date is April
20, 1998 and the redemption price is 105.08% of the principal amount, plus
accrued and unpaid interest through the date of redemption. The Notes are
convertible into Common Stock at the conversion price of $27.56 per share
through April 17, 1998. On March 17, 1998 the closing price on Nasdaq for the
Common Stock was $42.75.
A copy of the press release issued by the Company regarding this
announcement is attached hereto as an exhibit and incorporated herein by
reference.
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Item 7. Financial Statements and Exhibits
Exhibits
99 Press Release issued March 18, 1998.
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SIGNATURES
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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 INCORPORATED
(Registrant)
By: /s/ Richard J. Lubasch
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Name: Richard J. Lubasch
Title: Senior Vice President-
General Counsel
Dated: March 19, 1998
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EXHIBIT INDEX
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Exhibit Page
99 Press Release issued March 18, 1998.
EXHIBIT 99
FOR IMMEDIATE RELEASE
NTL INCORPORATED
New York, New York March 18, 1998 - NTL Incorporated (Nasdaq: NTLI; Easdaq:
NTLI.ED) announced today that it is calling for redemption all of its
$191,750,000 principal amount of 7-1/4% Convertible Subordinated Notes due 2005
(Cusip No. 459216 AB3). Notices of this redemption are being given to all
noteholders by the Trustee. The redemption date is April 20, 1998 and the
redemption price is 105.08% of the principal amount, plus accrued and unpaid
interest through the date of redemption. The Notes are convertible into Common
Stock at the conversion price of $27.56 per share through April 17, 1998. On
March 17, 1998 the closing price on Nasdaq for the Common Stock was $42.75.
The Trustee, Paying Agent and Conversion Agent for the Notes is The Chase
Manhattan Bank, attention Andrew Deck (212)946-3348.
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For further information contact: Michael A. Peterson, Director-Corporate
Development or Richard J. Lubasch, Senior Vice President-General Counsel at
(212) 906-8440.
