Altice SA — Merger or Acquisition (June 2015)
6 slides from Altice SA's merger presentation, June 2015
Slide 1: Proposed cross-border merger to create equity currency for value-enhancing growth
Proposed cross-border merger to create equity currency for value-enhancing growth NOT TO BE FORWARDED TO ANY PERSON OR ADDRESS IN THE UNITED STATES OF AMERICA 1
Slide 2: Disclaimer
DISCLAIMER NOT AN OFFER TO SELL OR SOLICITATION OF AN OFFER Non-IFRS or any other generally accepted accounting standards. We present Non-IFRS TO PURCHASE SECURITIES measures because we believe that they are of interest for the investors and similar This presentation does not constitute or form part
Slide 3: Announcement of proposed cross-border merger and share split
ANNOUNCEMENT OF PROPOSED CROSS-BORDER MERGER AND SHARE SPLIT Proposed cross-border merger to create equity currency for value-enhancing growth − Implementation via a cross-border merger of newly created Altice N.V. with Altice S.A. Merger consideration represents Altice’s current Enterprise Valu
Slide 4: Share split structure
SHARE SPLIT STRUCTURE Pursuant to the merger, each shareholder of Altice S.A. will receive: − 3 common shares A with 1 voting right each; and − 1 common share B with 25 voting rights, in exchange for each issued and outstanding share in the capital of Altice S.A. − Both classes to have equal econo
Slide 5: Merger process
MERGER PROCESS Boards of Altice N.V. and Altice S.A. have approved merger process Requires 2/3rd approval of share capital1 EGM to be convened during first week of July EGM and merger implementation in the first two weeks of August Shareholders holding c. 64.6% of shares in Altice S.A. ful
Slide 6: Objectives
OBJECTIVES Creation of a powerful equity acquisition currency Maintenance of majority voting control for founding management team Optimising liquidity in common shares A Opportunity to assess larger synergistic opportunities in Europe and the U.S. 6