18/06/2017

Mediahuis and VP Exploitatie confirm finalisation TMG take-over

This is a joint press release by Mediahuis NV (‘Mediahuis’), VP Exploitatie N.V. (‘VP Exploitatie’), Gerald BidCo B.V. (the ‘Offeror’) and Telegraaf Media Groep N.V. (‘TMG’), pursuant to the provisions of Article 16, Paragraph 1 and Article 17, Paragraph 1 of the Decree on Public Takeover Bids (Besluit Openbare Biedingen Wft) (the ‘Decree’) in connection with the public offer by Mediahuis and VP Exploitatie, through Gerald BidCo B.V., for all the issued and outstanding shares and depositary receipts in the capital of TMG. This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities. Any offer will be made only by means of the offer memorandum specifically published for this purpose on 19 April 2017 (‘the Offer Memorandum”) on the terms and conditions set forth therein, and subject to the applicable rules and regulations in the Netherlands. This announcement is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, Canada or in any other jurisdiction in which such release, publication or distribution would be unlawful. Capitalised terms not defined in this press release will have the meaning attributed to them in the Offer Memorandum.

Amsterdam (the Netherlands), 16 June 2017

Mediahuis and VP Exploitatie confirm finalisation TMG take-over

Transaction Highlights
 Mediahuis and VP Exploitatie declare their public offer for all shares of TMG unconditional.
 Together with Shares currently tendered for acceptance Mediahuis and VP Exploitatie will hold approximately 61,38% of the Shares.
 All Offer Conditions have been satisfied or waived.
 Settlement will take place on 21 June 2017.
 Remaining Shares can be tendered during a Post Closing Acceptance Period commencing on 19 June 2017 and ending on 2 July 2017.

Mediahuis, VP Exploitatie, Gerald BidCo B.V (“the Offeror”) and TMG today jointly announce that the Offeror has declared its previously announced public offer (the “Offer”) for all of TMG’s issued and outstanding (depositary receipts for) shares (the “Shares”) unconditional. With this Mediahuis and VP Exploitatie confirm that they will finalize the take-over of TMG. With the currently tendered Shares they will hold 61,38 % of the Shares.

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