Brief: Mondo TV France, Mondo TV Suisse To Merge As Of Dec

Mondo TV Suisse SA

01/12/2023 06:39

Dec 1 (Reuters) - Mondo TV France SA  MTFR.MI , Mondo TV
Suisse SA  MSU.MI :
    * SAID ON THURSDAY BOTH BOARDS HAD APPROVED MERGER BY
INCORPORATION OF MONDO TV SUISSE IN MONDO TV FRANCE
    * MONDO TV FRANCE TO ISSUE 275,000,000 NEW SHARES TO MONDO
TV
SUISSE SHAREHOLDERS WITH RATIO OF 27.5 TO 1 
    * MONDO TV SUISSE TO BE DELISTED  
    * MONDO TV FRANCE APPROVED CAPITAL REDUCTION OF 469,431
RESULTING
IN IMPLICIT SHARE NOMINAL VALUE OF EUR 0.08/SHR
    * MONDO TV FRANCE SHAREHOLDERS TO OWN 41.5% OF SHARE
CAPITAL,
MONDO TV SUISSE SHAREHOLDERS TO OWN 58.5%
    * TOP SHAREHOLDER MONDO TV TO OWN 48%
    * MERGER TO BE EFFECTIVE AS OF DEC, WITH RETROACTIVE
ACCOUNTING
EFFECTS TO JAN 2023

        
 Further company coverage:  MTFR.MI  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))