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 20, 2003
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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)
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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Exhibits
99.1 Press Release issued March 20, 2003
ITEM 9. REGULATION FD DISCLOSURE
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NTL Incorporated (NASDAQ: NTLI) announced today that it has appointed Simon
Duffy as Chief Operating Officer with effect from April 1, 2003.
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 hereunto duly authorized.
NTL INCORPORATED
(Registrant)
By: /s/ Richard J. Lubasch
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Name: Richard J. Lubasch
Title: Executive Vice President -
General Counsel
Dated: March 20, 2003
EXHIBIT INDEX
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EXHIBIT
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99.1 Press Release issued March 20, 2003
Exhibit 99.1
(NTL LOGO)
NTL INCORPORATED APPOINTS SIMON DUFFY AS CHIEF OPERATING OFFICER
LONDON, March 20, 2003 - NTL Incorporated (NASDAQ: NTLI) announced today that it
has appointed Simon Duffy as Chief Operating Officer with effect from April 1,
2003.
Formerly Chief Financial Officer of Orange plc, Mr. Duffy will be responsible
for running the company's day-to-day operations. Primary responsibilities shall
include focusing the company on the pursuit of profitable growth, the
advancement of product development and rededicating the organization to customer
service excellence. Mr. Duffy will report to Barclay Knapp, Chief Executive
Officer and will be based in the company's operational headquarters in Hook,
Hampshire. Mr. Duffy's appointment completes the formulation of NTL's executive
management team. He will join Barclay Knapp and Scott Schubert, Chief Financial
Officer, and will be directly supported by Aizad Hussain, Managing Director Home
Division, Tom Bennie, Managing Director Business Division, and Peter Douglas,
Managing Director Broadcast Division.
At Orange, Mr. Duffy was responsible for financial management across the group.
He successfully reduced company overhead costs and developed a plan to increase
operating cash flow during a challenging operating environment as well as
difficult capital markets.
Prior to Orange, Mr. Duffy was Chief Executive Officer of Denmark-based wireless
data company END2END. He joined END2END in 2001 from Internet service provider
World Online International NV. At World Online, Mr. Duffy served as CEO & Deputy
Chairman and led the initial public offering of the company and subsequent sale
to Tiscali SPA. Prior to his tenure at World Online, Mr. Duffy spent eight years
at EMI Group plc, first as Group Finance Director of THORN EMI and later,
following Group's demerger, as Deputy Chairman and Group Finance Director of EMI
Group. Prior to EMI Group, Mr. Duffy worked at Guinness plc as Director of
Corporate Finance. He was promoted to Operations Director of United Distillers
in 1989.
Barclay Knapp, Chief Executive Officer of NTL, said "Simon's appointment is
great news for NTL. His extensive knowledge regarding industry-related issues
and his track record of delivering solid operational and financial performance
bodes well for our shareholders. I look forward to working closely with Simon to
make NTL a profitable and successful company. The entire NTL team welcomes him
warmly."
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Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Certain statements contained herein constitute "forward-looking statements" as
that term is defined under the Private Securities Litigation Reform Act of 1995.
When used herein, forward-looking statements involve known and unknown risks,
uncertainties, and other factors that may cause the actual results, performance
or achievements of the Company, or industry results, to be materially different
from those contemplated, projected, forecasted, estimated, budgeted, whether
expressed or implied, by such forward-looking statements. Such factors include
the following: general economic and business conditions and other matters.
For further information, please contact:
In the UK:
Analysts, Debt and Equity Holders:
Virginia Ramsden, +44 (0)20 7746 6826, or via e-mail at
investorrelations@ntl.com
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Media:
Alison Kirkwood +44 (0) 1256 752662 / (0) 7788 186 154
Justine Parrish, +44 (0)20 7746 4096 / (0)7966 421 991
Richard Oldworth, Jeremy Garcia or Mark Edwards - Buchanan Communications
Tel: +44 (0)20 7466 5000
In the US:
Analysts, Debt and Equity Holders:
Bret Richter, Senior Vice President Corporate Finance and Development
Tamar Gerber, Director Investor Relations
Tel: (+1) 212 906 8440, or via e-mail at investor_relations@ntli.com
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More on NTL:
o NTL Incorporated (NASDAQ: NTLI) offers a wide range of communications
services to residential and business customers throughout the UK and
Ireland.
o NTL's fibre-optic broadband network passes 8.4 million homes in the UK
including London, Manchester, Nottingham, Oxford, Cambridge, Cardiff,
Glasgow and Belfast. NTL Ireland has an extensive network using
fibre-optic, broadband coax & copper, broadcast, satellite and radio
technologies to provide services to its 370,000 customers in Dublin, Galway
and Waterford.
o An online media centre is available at www.ntl.com/mediacentre featuring
recent press releases, fact sheet, recapitalisation history and key dates,
photography and logos.