Home » Mediaset becomes Dutch: the shareholders’ meeting ok for the transfer of the registered office

Mediaset becomes Dutch: the shareholders’ meeting ok for the transfer of the registered office

by admin

“With absolute conviction and determination, we have tried to carry on the MFE project and we are ready to start this new European path”. In this sense, “the choice of Holland as the registered office is aimed at placing the company’s registered office in a jurisdiction which, for various reasons, is ideal for the purpose” of consolidation on a pan-European scale “as evidenced by the numerous transfers. in Holland the headquarters of many groups, including Italians, with an international vocation ». Thus the president of Mediaset Fedele Confalonieri in his speech to the shareholders’ meeting which saw Vivendi confirm the peace and vote together with Fininvest on the transfer of the headquarters to the Netherlands ».

On the stock exchange in Italy

From the shareholders’ meeting of Mediaset, therefore, the yes to the move of the registered office to the Netherlands came with the favorable vote of 95.57% of the shares represented at the meeting. 81.81% of the share capital took part in the works. Following the transfer – a note recalls – the Mediaset shares will continue to be listed on the Italian Stock Exchange and the fiscal residence of Mediaset, as well as the central administration, will remain in Italy.

Loading…

Withdrawal and dividend

Shareholders who did not participate in the approval of the transaction can exercise the right of withdrawal, obtaining an equivalent value of 2.18 euros per share (2.868 euros the current stock market price), a value which will however be reduced by virtue of the dividend of 30 cents per share. action approved today by the assembly and which will be paid on 21 July next.

See also  End of privacy?: Unlimited control for the benefit of children - the delicate decryption plan of the EU

Joint Mediaset-Vivendi approval

The assembly, which also approved Mediaser’s 2020 budget and elected the new board of directors that will still see Confalonieri as president and Pier Silvio Berlusconi in the role of CEO, is the (passed) test of the agreements between the Cologno group and Vivendi that after five years of clashes conducted in courts across Europe, they signed an agreement on May 3 that will provide for the gradual exit of Vivendi from the capital Mediaset over 5 years and a concrete pact of non-belligerence, which had its first real echo precisely in this joint approval of the transfer to the Netherlands of the Mediaset headquarters.

The pan-European ambition

A choice, the Dutch one which, to put it again in the words of Fedele Confalonieri, «aims at a system capable of responding to the need to find a neutral and supranational corporate platform, suitable for the realization of a project with this ambition. It remains firm, and it is always worth underlining it, that even following the move to the Netherlands the company will continue to pay taxes in Italy and here it will maintain its production activities ».

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy