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Koinon NV
Kasteeldreef 1
8890 Moorslede
0508.995.226
Koinon NV (Koinon or the Bidder) announces today that on 19 May 2025, the Belgian Financial Services and Markets Authority (the FSMA) approved the prospectus (the Prospectus) for the previously announced voluntary and conditional public takeover bid for all the shares issued by Roularta Media Group NV (RMG or the Target Company) that are not already held by the Bidder or persons affiliated with the Bidder (the Bid).
The Initial Acceptance Period concerning the Bid opens on 20 May 2025 and closes on 13 June 2025 at 16:00 (CET). The Bid Price is 15.50 EUR per Share.
Xavier Bouckaert, CEO of Roularta Media Group, tells us more:
"Thanks to our stock market listing, we have been able to enjoy the confidence of our shareholders for years. We are very grateful for their loyalty. In the challenging media landscape, however, the benefits of the listing no longer weight up against the increasing administrative and reporting burdens. Furthermore, we have found that the efforts we are making do not contribute to raising the price of the share.Transparency about our strategic and sustainability ambitions will obviously remain spearheads of our activity but, more than ever, we need to set our sights on building a sustainable future for independent, high-quality journalism. This requires a long-term perspective and ongoing investments in the digital transformation of the company."
West Investment Holding S.A., the investment vehicle of Mr Leo Claeys and Ms Caroline De Nolf, who have a historical (family) connection with Roularta Media Group, has committed to contributing all of its shares to the Bid.
Main characteristics of the Bid
Download the full press release, including the main characteristics of the Bid