Media 6: Submission of a Public Withdrawal Offer at €9.89 per Share
Vasco SAS, the majority shareholder holding 97.63% of Media 6's capital in concert with the Vasseur family, submitted a public withdrawal offer to the AMF on Thursday at a price of €9.89 per share, followed by a mandatory withdrawal.
Terms and Scope of the Offer
The offer targets the acquisition of 62,370 shares (2.37% of the capital) held by minority shareholders, excluding the 258,221 shares held by Media 6 itself. The proposed price of €9.89 per share represents an increase of €0.20 from the initial price of €9.69 announced in March 2026. The offer is a continuation of the simplified public tender offer of 2021, during which Vasco SAS increased its stake to 88.49% of the capital. A crossing of the 90% threshold was declared on April 9, 2024 (dating from February 5, 2024), following the off-market acquisition of a block of 249,366 shares by the Company. Currently, there are no equity securities, financial instruments, or capital access option plans within Media 6, according to the Initiator.
Timeline and Implementation Details
The offer will be open for 10 trading days, in accordance with the general regulations of the AMF. The indicative schedule plans for an opening on May 25, 2026, and a closure on June 5, 2026, with the publication of results and implementation of the mandatory withdrawal on June 8, 2026. The delisting of shares from Euronext Paris is scheduled for the week of June 22, 2026. Following the offer, the mandatory withdrawal will target the unsubmitted shares, other than the self-held shares, at the same price of €9.89 per share. The financing of the acquisition is secured by the own resources of Vasco SAS. The external costs borne by the Initiator are estimated at approximately €175,000 excluding taxes.
