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- Mondadori Group admitted to STAR segment of Borsa Italiana
Arnoldo Mondadori Editore S.p.A. announces that, under provision no. 8291, Borsa Italiana S.p.A. has granted today the STAR (Segment for High Requirement Shares) qualification to the ordinary shares of the Company, and their trading on this segment of the Electronic Stock Market (MTA).
Arnoldo Mondadori Editore S.p.A. has successfully completed the admission process, having met all the requirements, the governance characteristics and the procedures under the Regulations of the markets organized and managed by Borsa Italiana.
“Our admission to the STAR segment of Borsa Italiana marks a further step on the path of development that Mondadori Group has taken over the past three years, positioning itself among the top companies listed on the Italian stock market”, said Ernesto Mauri, CEO of Mondadori Group.
“2016 has been a turning point that has changed the history of our Company: over the past few months, we have continued to focus on our core business – Books and Magazines – also through two important acquisitions, Rizzoli Libri and Banzai Media, achieved thanks to our financial strength”, stressed Ernesto Mauri. “Next week we will embark on a new path towards the further development of our relations with the market and with Italian and international investors, which will shine greater light on Mondadori Group’s business activities, in order to enhance the value of our Company, also through corporate governance practices that are in line with best international standards and through high levels of liquidity of our share”, ended Mauri.
The first trading day on the STAR segment is scheduled on 7 December 2016; EQUITA SIM S.p.A. will act as Specialist of the share.
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Arnoldo Mondadori Editore S.p.A. also announces its intention to start, from today, a share buyback programme for a maximum of no. 80,000 shares (0.031% of the share capital), in compliance with applicable legislation and within the limits set out by the resolution adopted by the Shareholders’ Meeting held on 21 April 2016, instrumental in the Specialist’s support to the liquidity of the share.
Arnoldo Mondadori Editore S.p.A. shares will be bought back on the MTA in accordance with art. 144-bis, par. 1, lett. b) of Consob Regulation 11971/1999, with the legislation under European Regulation no. 596/2014, and with other applicable provisions, in order to ensure, inter alia, equal treatment of shareholders, pursuant to art. 132 of the T.U.F..
To date, Arnoldo Mondadori Editore S.p.A. holds no treasury shares in its portfolio.