TMG confirms receipt of increased conditional proposal from Mediahuis/VP Exploitatie to Eur 5.90
In reference to the press release of 19 February 2016 from Mediahuis and VP Exploitatie (Mediahuis/VPE), Telegraaf Media Groep N.V. (TMG) announces that, as part of the non-binding, conditional offer from Mediahuis/VPE, it has received in increase of the indicative price for all outstanding and issued certificates of TMG from EUR 5.25 to EUR 5.90.
TMG is in talks with Talpa Holding and Mediahuis/VPE regarding, amongst other topics, financial conditions, strategic aspects, deal certainty and competition clearance, financing and transaction structure, and also guarantees regarding the TMG strategy in general and within that the securement of editorial and journalistic independence in particular.
The Supervisory Board and Executive Board of TMG (the Boards) are carefully reviewing and considering both proposals, together with their financial and legal advisors. The interests of all stakeholders of TMG, including the shareholders, will explicitly be taken into account.
In the meantime, the Boards will continue to focus on executing the standalone strategy of TMG in the interest of TMG, the businesses involved and all stakeholders, including its shareholders.
Further notices will be made 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). This public announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in Telegraaf Media Groep N.V.
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.