Rcs Mediagroup

M&A Activity • Jun 10, 2016

Informazione Regolamentata n. 0145-36-2016		Data/Ora Ricezione 10 Giugno 2016 20:13:48	MTA
Societa'	:	RCS MEDIAGROUP
Identificativo Informazione Regolamentata	:	75545
Nome utilizzatore	:	RCSMEDIAGROUPN01 - FERRARA
Tipologia	:	IROP 04
Data/Ora Ricezione	:	10 Giugno 2016 20:13:48
Data/Ora Inizio Diffusione presunta	:	10 Giugno 2016 20:28:49
Oggetto	:	Press release issuer's notice
Testo del comunicato

Vedi allegato.

Press Release

RCS MediaGroup: Board of Directors

Issuer's Notice approved on the Takeover Bid by Cairo Communication S.p.A.

Milan, 10 June 2016 – The Board of Directors of RCS MediaGroup has unanimously approved the communication prepared in accordance with art. 103, paragraphs 3 and 3-bis, of Legislative Decree 58/1998 and art. 39 of Consob Regulation 11971/1999 (the "Issuer's Notice"), regarding the voluntary full takeover bid by Cairo Communication S.p.A. pursuant to articles 102 and 106, paragraph 4, of Legislative Decree 58/1998 for all the ordinary shares of RCS MediaGroup S.p.A. (the "Takeover Bid").

The Board of Directors, examined the Takeover Bid and the terms and conditions of the related Offer Document, the fairness opinion of the Independent Expert, Mr. Roberto Tasca, the fairness opinions of Citigroup and UniCredit, and the Opinion of the Independent Directors pursuant to art. 39 of Consob Regulation 11971/1999, unanimously judges the Takeover Bid negatively and believes that the consideration offered in the Takeover Bid is not adequate for RCS Shareholders.

For information on the Board of Directors' assessments, refer to the Issuer's Notice, which is available to the public on the company's website www.rcsmediagroup.it (Corporate Governance – Public Takeover Bids). In addition to the Issuer's Notice, the fairness opinions of the Independent Expert pursuant to art. 39, paragraph 1, letter d) of Consob Regulation 11971/1999, the Opinion of the Independent Directors pursuant to art. 39-bis of Consob Regulation 11971/1999, and the fairness opinions of Citigroup and UniCredit, financial advisors to the Board of Directors, are also available. Intermonte, Chiomenti Studio Legale, Cleary Gottlieb Steen & Hamilton LLP, Comin & Partners. acted as advisors to the Board.

For additional information: RCS MediaGroup – Corporate Communications Maria Verdiana Tardi - +39 02 2584 5412 - +39 347 7017627 - verdiana.tardi@rcs.it RCS MediaGroup - Investor Relations Federica De Medici - +39 02 2584 5508 - +39 335 230278 - federica.demedici@rcs.it www.rcsmediagroup.it