TMG confirms receipt unsolicited conditional proposal of Talpa Holding N.V.
In response to the public announcement made by Talpa Holding N.V., Telegraaf Media Groep N.V. (TMG) confirms that it has received an unsolicited non-binding, conditional proposal from Talpa for the acquisition of all issued and outstanding depository receipts of TMG at an indicative offer price of EUR 5,90 (cum dividend) in cash per depositary receipt in TMG (the Talpa Proposal).
The Supervisory Board (Supervisory Board) and Executive Board (Executive Board) of TMG are carefully reviewing and considering the Talpa Proposal, together with their financial and legal advisors, in comparison to the stand alone strategy and other strategic alternatives including the proposal received from the Mediahuis and VP Exploitatie consortium about which TMG is in ongoing discussions with Mediahuis and VP Exploitatie. The Supervisory Board and Executive Board will explicitly take into account the interests of all stakeholders of TMG, including the shareholders.
Further announcements 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 the largest Dutch media company 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 – 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.