Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Italy
  4. Borsa Italiana
  5. MFE-MediaForEurope N.V.
  6. News
  7. Summary
    MS   NL0015000H23

MFE-MEDIAFOREUROPE N.V.

(MS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Mediaset : FININVEST, MEDIASET AND VIVENDI AGREE TO AMEND CERTAIN PROVISIONS OF THE AGREEMENTS ENTERED INTO ON MAY 3, 2021 TO TAKE ACCOUNT OF THE PROPOSED CHANGES TO MEDIASET'S SHARE STRUCTURE THROUGH THE INTRODUCTION OF A DUAL SHARE CLASS

11/18/2021 | 12:03pm EST

JOINT PRESS RELEASE

FININVEST, MEDIASET AND VIVENDI AGREE TO AMEND CERTAIN

PROVISIONS OF THE AGREEMENTS ENTERED INTO ON MAY 3, 2021 TO TAKE

ACCOUNT OF THE PROPOSED CHANGES TO MEDIASET'S SHARE

STRUCTURE THROUGH THE INTRODUCTION OF A DUAL SHARE CLASS

Milan, Cologno Monzese and Paris, November 18, 2021

Fininvest, Mediaset and Vivendi announce that, today, they agreed to amend certain provisions of the agreements entered into on May 3, 2021 and July 22, 2021 in order to take account of the matters upon which Mediaset's shareholders' meeting will resolve on November 25, 2021, with particular reference to the introduction - subject to approval by the shareholders' meeting - of a dual-class share structure (ordinary shares A and ordinary shares B) through the conversion of each outstanding Mediaset share into an ordinary share B and the allotment of an ordinary share A for each ordinary share B.

As a result of the foregoing, with reference to Vivendi's undertaking to sell on the market the entire stake in Mediaset currently held through Simon Fiduciaria over a period of five years, it was agreed today that one-fifth of the ordinary shares A and the ordinary shares B will be sold each year (starting from July 22, 2021) at a minimum price of €1.375 in year 1, €1.40 in year 2, €1.45 in year 3, €1.5 in year 4, and €1.55 in year 5 (unless Vivendi authorizes the sale of these shares at a lower price); in any case, Vivendi will be entitled to sell the ordinary shares A and/or ordinary shares B held through Simon Fiduciaria at any time if their price reaches €1.60. This is without prejudice to Fininvest's right to purchase any unsold shares in each 12-month period, at the new agreed annual price.

In addition, in view of Vivendi's willingness to vote in favor of Mediaset's Board of Directors' proposals on the introduction of a dual-class share structure, the parties have agreed - in partial derogation from what was originally agreed on May 3, 2021 - that, at Mediaset's shareholders' meeting of November 25, 2021, Vivendi will be entitled to exercise the voting rights attached to the shares it holds directly - and instruct Simon Fiduciaria to exercise the voting rights attached to the shares held on behalf of Vivendi - by voting in favor of the proposal to create two classes of shares.

.

Fininvest Communication

Mediaset Corporate

Mediaset Investor Relations

Department

Communications and Image

Department

Ph: +39.02.85414252

Department

Tel. +39 022514.7008

Email:

Tel. +39 022514.9301

e-mail:

dir.comunicazione@fininvest.it

e-mail:

investor.relations@mediaset.it

www.fininvest.it

direzionecomunicazione@mediaset.it

http://www.mediaset.it/investor

Disclaimer

Mediaset NV published this content on 18 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2021 17:02:01 UTC.


ę Publicnow 2021
All news about MFE-MEDIAFOREUROPE N.V.
2021Termo SpA announced that it has received $8.5 million in funding from Fondo Italiano d'..
CI
2021MFE-MEDIAFOREUROPE N.V.(BIT : MFEA) added to S&P Global BMI Index
CI
2021MFE-MEDIAFOREUROPE N.V.(UNQ : MFEA) added to S&P Global BMI Index
CI
2021MFE-MEDIAFOREUROPE N.V. : Spin off
FA
2021Italy's MFE not in loop on ProSieben management decisions - sources
RE
2021Italy's MFE not in loop on ProSieben management decisions - sources
RE
2021MFE MEDIAFOREUROPE N : New share structure of mfe-mediaforeurope n.v
PU
2021MFE MEDIAFOREUROPE N : 30/11/2021 - Verbale dell'Assemblea annuale degli azionisti_draft (..
PU
2021MEDIASET : 25/11/2021 - Risultati di Voto (disponibili solo in lingua inglese)
PU
2021MEDIASET : The general meeting of the shareholders approved the change of the company's na..
PU
More news
Analyst Recommendations on MFE-MEDIAFOREUROPE N.V.
More recommendations
Financials
Sales 2021 2 893 M 3 220 M 3 220 M
Net income 2021 357 M 397 M 397 M
Net Debt 2021 1 002 M 1 116 M 1 116 M
P/E ratio 2021 4,24x
Yield 2021 8,44%
Capitalization 2 631 M 2 934 M 2 928 M
EV / Sales 2021 1,26x
EV / Sales 2022 1,14x
Nbr of Employees 4 929
Free-Float -
Chart MFE-MEDIAFOREUROPE N.V.
Duration : Period :
MFE-MediaForEurope N.V. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Last Close Price 1,13 €
Average target price 1,56 €
Spread / Average Target 38,0%
EPS Revisions
Managers and Directors
Pier Silvio Berlusconi Deputy Chairman & Chief Executive Officer
Simone Sole Head-Finance & Administration
Marco Giordani Chief Financial Officer & Executive Director
Fedele Confalonieri Chairman
Niccol˛ Querci Executive Director, Manager-HR & Operations
Sector and Competitors
1st jan.Capi. (M$)
MFE-MEDIAFOREUROPE N.V.0.00%2 934
WALT DISNEY COMPANY (THE)-12.57%246 528
COMCAST CORPORATION-4.61%219 354
VIACOMCBS INC.4.08%20 459
THE LIBERTY SIRIUSXM GROUP-12.09%14 797
FORMULA ONE GROUP-9.30%13 129