Virgin Media Inc. (NASDAQ:VMED) (LSE:VMED) today announced the repurchase of 7,287,302 shares of common stock on 13 September 2011 as a part of the US $250 million capped accelerated stock repurchase programme previously announced on 8 September 2011. The repurchased shares will be cancelled. As of 13 September 2011, after giving effect to the cancellation of these shares, the number of shares of common stock issued and outstanding would be 302,486,826. The purchase price per share of common stock will be determined with respect to all the shares delivered by Goldman Sachs & Co. prior to 8 December 2011 as set out in further detail in our Current Report on Form 8-K as filed with the U.S. Securities and Exchange Commission (SEC) on 8 September 2011.

The Current Report on Form 8-K, as filed with the U.S. Securities and Exchange Commission (SEC) on 8 September 2011, may be viewed on the SEC website at www.sec.gov and on the Virgin Media website at www.virginmedia.com/investors.

Source: Virgin Media Inc.

Copyright Business Wire 2010