TMG submits stock exchange delisting request



On 15 December 2017, the transfer to Mediahuis of Talpa’s 29.16% holding in TMG was completed. Mediahuis also acquired TMG share certificates on the stock exchange and in direct transactions, as a result of which Mediahuis and its 100% Dutch subsidiary Gerald BidCo B.V. now have a 98.5% share in TMG. TMG’s delisting from the stock exchange has now been set in motion.

Stock exchange delisting
A request has today been submitted to Euronext Amsterdam N.V. (‘Euronext’) to terminate the listing agreement between TMG and Euronext - and therefore to end the listing of share certificates.

Buyout procedure
Mediahuis will shortly commence a buyout procedure under the terms of article 2:92a of the Dutch Civil Code in order to acquire the remaining shares in TMG’s capital.
In the context of the buyout procedure, Mediahuis will acquire the priority shares in TMG’s capital from the Stichting Beheer van Prioriteitsaandelen Telegraaf Media Groep N.V. (Priority Share Management Trust).

Gert Ysebaert, CEO of Mediahuis: ‘This is an important moment for Mediahuis, and we are pleased to end this chapter on a positive note just after the start of the new year. With effect from 2018, TMG will be fully owned by Mediahuis, allowing us to focus 100% on the further roll-out of the future plan, and the new direction that has been set for TMG.’

Marc Vangeel, CEO of TMG: ‘The exit from the stock exchange will provide TMG with the peace and scope for us to concentrate fully on implementing the plans for the future. Mediahuis as a group has journalistic interests high on the agenda, and offers plenty of opportunities for synergy. I am convinced that by working with them, we will turn this wonderful media company into a strong leader once again.’