Madrid, 15th April 2010
Today Telecinco our controlled company has disclosed the following
press release:
COMMUNICATION OF A RELEVANT FACT
According to the provisions of Section 82 of the Spanish Stock Market Act No.
24/1988, of 28th July, “GESTEVISIÓN TELECINCO, S.A.” reports the following
RELEVANT FACT
Referring to the Term Sheet (the “Agreement”) signed by “GESTEVISIÓN
TELECINCO S.A.” (Telecinco), and “PROMOTORA DE INFORMACIONES, S.A.”
(Prisa) on December 18th 2009, the company communicates the following:
1. Telecinco and Prisa jointly with “MEDIASET S.p.A.” (Mediaset) and
“SOGECABLE, S.A.U. (Sogecable), signed yesterday the agreement to
establish the procedures, calendar and other terms in which the parties will
execute the integration process of the free to air business of Sogecable (Cuatro)
in Telecinco and the acquisition of the 22% of “DTS Distribuidora de Television
Digital, S.A.” (Digital+) (the “transaction”).
2. in addition to what already communicated to the market, and with the purpose of
financing the transaction and reinforcing the balance sheet of the Company,
Telecinco will execute a rights issue capital increase of 500 million euro (the
“cash capital increase”). Prisa will receive, directly or through any of its
affiliated companies, newly issued Telecinco shares (the “non cash capital
increase”) which after the Capital Increase described above, will represent
18.337% of Telecinco’s equity as well as €491.128 millions in cash.
3. Referring to the transaction today the parties signed the following agreements:
• Share’s sale contract of Digital+ between Telecinco, Prisa and Sogecable (the
“contract of sale”)
• Integration’s contract between Telecinco Prisa and Sogecable (the “contract of
integration”)
• Shareholders agreement of Digital+ between Sogecable, Telefonica S.A., Prisa,
Telecinco and Digital+ (the “shareholders agreement”)
4. Referring to the transaction Sogecable and Telecinco also defined on several
commercial agreements between the companies.
5. The Agreement is subject to certain conditions, which include, among other antitrust and other regulatory approvals.
Department of Corporate Communications and Image
Tel. +39 0225149156
Fax +39 0225149286
e-mail: ufficiostampa@mediaset.it
http://www.mediaset.it/corporate/
Investor Relations Department
Tel. +39 0225147008
Fax +39 0225148535
e-mail: ir@mediaset.it
http://www.mediaset.it/investor/
Thursday, April 15, 2010
GESTEVISIÓN TELECINCO, S.A.: COMMUNICATION OF A RELEVANT FACT
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