• Mon. Nov 29th, 2021

Mediaset becomes Mfe, assembly approves name change

Byeditorial

Nov 25, 2021

Mediaset changes its name and becomes Mfe. The shareholders’ meeting of the media group approved the change of the company name to Mfe-Mediaforeurope. The shareholders also approved the introduction of a dual category share structure with different voting rights. “We are very satisfied with this double step: the birth of Mfe-Mediaforeurope in the Netherlands and the introduction of the dual category share structure”, said Pier Silvio Berlusconi, CEO of Mfe. “These actions and the excellent economic results achieved allow us to look to the future also with a view to international development”. The introduction of the new shareholding structure for the group is also a “fundamental step in pursuing the creation of a pan-European group in the entertainment and content sector as it will provide greater flexibility for the financing of any future M&A transactions”. The dual-category share structure introduced provides that the share capital will be composed of ordinary A shares and ordinary B shares. A share for each B share held. Each A share will have a nominal value of € 0.06 and each B share will have a nominal value of € 0.60, compared to the previous € 0.52. Consequently, each A share will be entitled to one vote and each B share will be entitled to ten votes.

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