The Enterprise Chamber dismisses request for immediate measures
Today the Enterprise Chamber of the Amsterdam Court has dismissed the request from Talpa Holding N.V. (Talpa) and other parties regarding the appointment of one or several independent members of the Supervisory Board with special powers at Telegraaf Media Group N.V. (TMG). The request from the suspended Executive Board members to lift their suspension has also been dismissed by the Enterpirse Chamber. According to the provisional judgement of the Enterprise Chamber there are no reasonable grounds to doubt the proper policymaking and course of events.
According to TMG this ruling by the Enterprise Chamber is an important step towards clarity for the company. This ruling confirms the course and direction chosen by TMG and TMG will focus on the execution of the signed merger protocol with Mediahuis and VP Exploitatie. Furthermore, the Supervisory Board will focus together with the recently appointed interim General Manager Hans Bakker, who is in charge of the daily management at TMG, on creating internal stability during the coming period and thereby enabling all employees to again focus on the products and services offered by TMG to its clients and readers.
Today’s ruling by the Enterprise Chamber, as addressed during the court day of 16 March, only relates to the immediate measuresrequested by Talpa. The hearing regarding the request by Talpa for an investigation into the policy-making and the course of events at TMG will be scheduled at a later date. TMG is also confident about the outcome of that procedure.
Further announcements will follow if and when required.
This is a public announcement by Telegraaf Media Groep N.V. pursuant to section 17 paragraph 1 of the European Market Abuse Regulation (596/2014).
About Telegraaf Media Groep
Telegraaf Media Groep N.V. (TMG) is one of the largest media companies in the Netherlands, with strong brands such as De Telegraaf, DFT, Telesport, Metro, Autovisie, Privé and VROUW; regional dailies such as Noordhollands Dagblad and de Gooi- en Eemlander; digital brands such as GeenStijl, Dumpert and Gaspedaal; Classic FM and – through a strategic collaboration with Talpa – national radio stations Sky Radio, Radio Veronica, Radio 538 and Radio 10. We also have dozens of other brands and titles that focus on providing local news, entertainment or e-commerce (e.g. GroupDeal). Through Keesing Media Group, we are market leader in Europe in the field of puzzle magazines and digital puzzles. It is TMG’s mission to provide consumers with high-quality, personalised and relevant news, sport and entertainment 24 hours a day, 7 days a week, via any available form of distribution. For more information about TMG, go to www.tmg.nl.