Comcast Board Approves Separation Of Versant Media Group

The separation will be achieved through a pro rata distribution of 100% of the outstanding shares of Versant Class A common stock and Versant Class B common stock to the holders of Comcast Class A common stock and Comcast Class B common stock. Comcast shareholders will receive one share of Versant Class A common stock or Versant Class B common stock for every 25 shares of Comcast Class A common stock or Comcast Class B common stock, respectively, held at the close of business on the record date of December 16, 2025 (the "record date"). The distribution of Versant shares is expected to be completed after the close of trading on Nasdaq on January 2, 2026 (the "distribution date").