Corporate

Disclosure on the purchase of treasury shares from 30 July to 3 August 2018

Arnoldo Mondadori Editore S.p.A. (LEI Code 815600049A1F9AFE6666) announces the purchase on the MTA (Electronic Stock Market), in the period from 30 July to 3 August 2018, of no. 21,000 ordinary shares (equal to 0.008% of the share capital) at an average unit price of Euro 1.4466 for a total amount of Euro 30,377.80.

These transactions were made under the authorization to purchase treasury shares approved by the Shareholders’ Meeting on 24 April 2018 (previously disclosed pursuant also to art. 144 bis of Consob Regulation 11971/99 and to art. 132 of Legislative Decree 58/98).

The following table details the purchases made per day in the above period of Arnoldo Mondadori Editore S.p.A. ordinary shares, ISIN IT0001469383:

Date Quantity Average price (€) Amount (€)
30/07/2018 3,000 1.4908 4,472.40
31/07/2018 3,000 1.4890 4,467.00
01/08/2018 8,000 1.4358 11,486.40
02/08/2018 5,000 1.4152 7,076.00
03/08/2018 2,000 1.4380 2,876.00

The purchases were made through the authorized intermediary Equita Sim S.p.A. (LEI Code 815600E3E9BFBC8FAA85).

Following the purchases made so far, Arnoldo Mondadori Editore S.p.A. holds no. 1,046,500 treasury shares, equal to 0.400% of the share capital.

Purchases in detail in the complete pdf.

Disclosure on the purchase of treasury shares from 23 to 27 July 2018

Arnoldo Mondadori Editore S.p.A. (LEI Code 815600049A1F9AFE6666) announces the purchase on the MTA (Electronic Stock Market), in the period from 23 to 27 July 2018, of no. 27,000 ordinary shares (equal to 0.010% of the share capital) at an average unit price of Euro 1.4606 for a total amount of Euro 39,435.25.

These transactions were made under the authorization to purchase treasury shares approved by the Shareholders’ Meeting on 24 April 2018 (previously disclosed pursuant also to art. 144 bis of Consob Regulation 11971/99 and to art. 132 of Legislative Decree 58/98).

The following table details the purchases made per day in the above period of Arnoldo Mondadori Editore S.p.A. ordinary shares, ISIN IT0001469383:

Date Quantity Average price (€) Amount (€)
23/07/2018 3,500 1.5037 5,262.95
24/07/2018 3,500 1.5029 5,260.15
25/07/2018 14,500 1.4388 20,862.60
26/07/2018 2,500 1.4155 3,538.75
27/07/2018 3,000 1.5036 4,510.80

The purchases were made through the authorized intermediary Equita Sim S.p.A. (LEI Code 815600E3E9BFBC8FAA85).

Following the purchases made so far, Arnoldo Mondadori Editore S.p.A. holds no. 1,025,500 treasury shares, equal to 0.392% of the share capital.

Purchases in detail in the complete pdf.

Disclosure on the purchase of treasury shares from 16 to 20 July 2018

Arnoldo Mondadori Editore S.p.A. (LEI Code 815600049A1F9AFE6666) announces the purchase on the MTA (Electronic Stock Market), in the period from 16 to 20 July 2018, of no. 17,500 ordinary shares (equal to 0.007% of the share capital) at an average unit price of Euro 1.5102 for a total amount of Euro 26,428.50.

These transactions were made under the authorization to purchase treasury shares approved by the Shareholders’ Meeting on 24 April 2018 (previously disclosed pursuant also to art. 144 bis of Consob Regulation 11971/99 and to art. 132 of Legislative Decree 58/98).

The following table details the purchases made per day in the above period of Arnoldo Mondadori Editore S.p.A. ordinary shares, ISIN IT0001469383:

Date Quantity Average price (€) Amount (€)
16/07/2018 3,500 1.4623 5,118.05
17/07/2018 3,500 1.4974 5,240.90
18/07/2018 3,500 1.5389 5,386.15
19/07/2018 3,500 1.5314 5,359.90
20/07/2018 3,500 1.5210 5,323.50

The purchases were made through the authorized intermediary Equita Sim S.p.A. (LEI Code 815600E3E9BFBC8FAA85).

Following the purchases made so far, Arnoldo Mondadori Editore S.p.A. holds no. 998,500 treasury shares, equal to 0.3819% of the share capital.

Purchases in detail in the complete pdf.

Disclosure on the purchase of treasury shares from 9 to 13 July 2018

Arnoldo Mondadori Editore S.p.A. (LEI Code 815600049A1F9AFE6666) announces the purchase on the MTA (Electronic Stock Market), in the period from 9 to 13 July 2018, of no. 17,500 ordinary shares (equal to 0.007% of the share capital) at an average unit price of Euro 1.4700 for a total amount of Euro 25,725.70.

These transactions were made under the authorization to purchase treasury shares approved by the Shareholders’ Meeting on 24 April 2018 (previously disclosed pursuant also to art. 144 bis of Consob Regulation 11971/99 and to art. 132 of Legislative Decree 58/98).

 

The following table details the purchases made per day in the above period of Arnoldo Mondadori Editore S.p.A. ordinary shares, ISIN IT0001469383:

DATE QUANTITY AVERAGE PRICE (€) AMOUNT (€)
09/07/2018 3,500 1.4762 5,166.70
10/07/2018 3,500 1.4678 5,137.30
11/07/2018 3,500 1.4565 5,097.75
12/07/2018 3,500 1.4709 5,148.15
13/07/2018 3,500 1.4788 5,175.80

The purchases were made through the authorized intermediary Equita Sim S.p.A. (LEI Code 815600E3E9BFBC8FAA85).

Following the purchases made so far, Arnoldo Mondadori Editore S.p.A. holds no. 981,000 treasury shares, equal to 0.3752% of the share capital.

Purchases in detail in the complete pdf.

Disclosure on the purchase of treasury shares from 2 to 6 July 2018

Arnoldo Mondadori Editore S.p.A. (LEI Code 815600049A1F9AFE6666) announces the purchase on the MTA (Electronic Stock Market), in the period from 2 to 6 July 2018, of no. 16,000 ordinary shares (equal to 0.006% of the share capital) at an average unit price of Euro 1.3530 for a total amount of Euro 21,648.10.

These transactions were made under the authorization to purchase treasury shares approved by the Shareholders’ Meeting on 24 April 2018 (previously disclosed pursuant also to art. 144 bis of Consob Regulation 11971/99 and to art. 132 of Legislative Decree 58/98).

The following table details the purchases made per day in the above period of Arnoldo Mondadori Editore S.p.A. ordinary shares, ISIN IT0001469383:

Date Quantity Average price (€) Amount (€)
02/07/2018 3,500 1.2951 4,532.85
03/07/2018 3,500 1.3521 4,732.35
04/07/2018 3,500 1.3505 4,726.75
05/07/2018 3,500 1.3605 4,761.75
06/07/2018 2,000 1.4472 2,894.40

The purchases were made through the authorized intermediary Equita Sim S.p.A. (LEI Code 815600E3E9BFBC8FAA85).

Following the purchases made so far, Arnoldo Mondadori Editore S.p.A. holds no. 963,500 treasury shares, equal to 0.3685% of the share capital.

Purchases in detail in the complete pdf file.

Annalisa Monfreda appointed as new editor of Tustyle

Paola Salvatore, deputy editor of Tustyle, will also take on the role of
fashion editor of Donna Moderna and Starbene

From Monday 9 July, Annalisa Monfreda, editor of the weeklies Donna Moderna and Starbene, will take on also the role of editor of Tustyle.

At the same time, Paola Salvatore, the current deputy editor of Tustyle, will expand her responsibilities following her appointment as fashion editor of Donna Moderna and Starbene.

This new organisational structure will give Tustyle, Donna Moderna and Starbene an innovative, cross-over position: on the one hand thanks to specific editorial skills, the fashion content offer for readers of the three weeklies will be enriched, while, on the other, it will be easier to enhance the relationship with interlocutors in the mass market advertising sector.

Disclosure on the purchase of treasury shares from 25 to 29 June 2018

Arnoldo Mondadori Editore S.p.A. (LEI Code 815600049A1F9AFE6666) announces the purchase on the MTA (Electronic Stock Market), in the period from 25 to 29 June 2018, of no. 27,500 ordinary shares (equal to 0.011% of the share capital) at an average unit price of Euro 1.3006 for a total amount of Euro 35,766.85.

These transactions were made under the authorization to purchase treasury shares approved by the Shareholders’ Meeting on 24 April 2018 (previously disclosed pursuant also to art. 144 bis of Consob Regulation 11971/99 and to art. 132 of Legislative Decree 58/98).

The following table details the purchases made per day in the above period of Arnoldo Mondadori Editore S.p.A. ordinary shares, ISIN IT0001469383:

Date Quantity Average price (€) Amount (€)
25/06/2018 3,500 1.3647 4,776.45
26/06/2018 7,000 1.3144 9,200.80
27/06/2018 10,000 1.2796 12,796.00
28/06/2018 3,500 1.2757 4,464.95
29/06/2018 3,500 1.2939 4,528.65

The purchases were made through the authorized intermediary Equita Sim S.p.A. (LEI Code 815600E3E9BFBC8FAA85).

Following the purchases made so far, Arnoldo Mondadori Editore S.p.A. holds no. 947,500 treasury shares, equal to 0.3624% of the share capital.

Purchases in detail in the complete pdf file.

Launch of buyback plan to service the 2018-2020 and 2017-2019 “Performance Share Plan”

Arnoldo Mondadori Editore S.p.A. announces the launch today of a treasury share buyback plan under art. 5 of (EU) Regulation no. 596/2014, in execution of the resolution adopted by the Ordinary Shareholders’ Meeting held on 24 April 2018, authorizing:

– the purchase and disposal of treasury shares for a maximum amount of up to 0.472% of the share capital, which is intended to provide the Company, in the three-year period, with no. 1,236,065 shares needed to meet the obligations under the “2018-2020 Performance Share Plan” approved by the Meeting;

the continuation of the buyback plan – to service the “2017-2019 Performance Share Plan” – launched on 26 June 2017 in the manners and within the time limits of the relating Regulation.

Pursuant to the Delegated Regulation (EU) 2016/1052, details of the treasury share buyback plan are shown below.

  • Purpose of the plan

The purpose of the plan is the buyback of Arnoldo Mondadori Editore S.p.A. treasury shares to service the “2018-2020 Performance Share Plan” approved by the Shareholders’ Meeting held on 24 April 2018, and the “2017-2019 Performance Share Plan”.

  • Maximum amount in cash allocated to the plan

Buybacks will be made at a minimum unit price not lower than the official Stock Exchange price on the day before the purchase transaction, reduced by 20%, and at a maximum unit price not higher than the official Stock Exchange price on the day before the purchase transaction, increased by 10%. The definition of volumes and unit purchase prices will be made in accordance with the conditions set out in art. 3 of Delegated Regulation (EU) 2016/1052; specifically, no shares will be purchased at a price higher than the higher between the price of the last independent trade and the price of the highest current independent bid on the trading venue where the purchase is carried out.

  • Maximum number of shares to purchase

Purchases for the 2018-2020 three-year period will regard a maximum of no. 1,236,065 ordinary shares (equal currently to 0.472% of the share capital) to be allocated to the “2018-2020 Performance Share Plan”, in addition to the purchases expected in the 2018-2019 two-year period of no. 526,549 ordinary shares allocated to the “2017-2019 Performance Share Plan”.

The maximum total amount of shares under the plan is therefore within the limits of law, taking account of the treasury shares already held by the Company.

Mention should be made that Arnoldo Mondadori Editore S.p.A. holds to date a total of no. 920,000 treasury shares, equal to 0.0352% of the share capital.

  • Duration of the plan

The current authorization runs until the Shareholders’ Meeting called to approve the financial statements for the year ending 31.12.2018 and is renewable prior to the Shareholders’ authorization.

  • Buyback procedures

The treasury share buyback plan will be coordinated by an authorized intermediary who will make the purchases independently, with no influence from Arnoldo Mondadori Editore S.p.A. as far as the time of purchase is concerned. Buybacks will be made pursuant to the combined provisions of art. 132 of Legislative Decree no. 58/1998 and of art. 5 of Regulation (EU) 596/2014, art. 144-bis of the Issuer Regulation, and the EU and national legislation on market abuse (including the Delegated Regulation (EU) 2016/1052), in accordance with the resolutions of the above Shareholders’ Meeting of 24 April 2018, in the terms previously disclosed to the market and in accordance with applicable law. Daily purchase volumes will not exceed 25% of the daily average volume of Arnoldo Mondadori Editore S.p.A. shares traded over the 20 trading days before the dates of purchase.

Any subsequent changes to the above buyback plan will be promptly disclosed to the public by the Company in the manners and within the time limits of applicable law.

The transactions made will be disclosed to the market in the manners and within the time limits of applicable law.

Ermenegildo Zegna chooses Palazzo Mondadori for its S/S 2019 fashion show

We are very proud that Ermenegildo Zegna chose Palazzo Mondadori to present its men’s S/S 2019 collection that opened Milan’s fashion week on Friday 15 June.

The models that paraded on the mirrored catwalk across the water in front of our headquarters in Segrate, a building designed by Oscar Niemeyer, seemed almost floating.

Always looking for symbolic places to show his proposals, this time the artistic director of Zegna, Alessandro Sartori, chose a location that is not only an ideal background, but fully represents the spirit of his creations: “the architecture of this wonderful place is perfectly in line with the challenge at the base of this collection.

The title – “Weightlessness” – fits perfectly into the building – monumental and evanescent at the same time – that Giorgio Mondadori commissioned in 1968 from the Brazilian architect, who for the Group’s new headquarters thought of a sort of “advertising architecture”, a building that did not need signs to imprint itself in memory.

[Photos kindly granted by Mondadori Portfolio.]

 

Sfilata di Ermenegildo Zegna (Mondadori Portfolio)

Mondadori Group: Agreement with journalists’ trade unions

The Board of Directors of Arnoldo Mondadori Editore S.p.A. met today and resolved not to accept the binding offers received from European Network for the acquisition of the Tustyle and Confidenze magazines and reviewed last 15 May.

Thanks to the Group journalists’ awareness and willingness to share a common goal, the Company has identified a new organizational and cost management structure aimed at achieving improvement targets for the two magazines.

Through an ongoing and open dialogue with the trade unions, an agreement has been reached on a reduction of the remuneration package for Tustyle and Confidenze journalists from 1 July 2018, consistent with the structural decline of the market, and on the application of a solidarity contract for journalists from the other publications in the Magazines Italy area, in force until 31 December 2018.

In line with the outlined strategies and business goals set – focus on brands with multi-channel development potential – the Company and the trade unions have underwritten their commitment to make the cost structure and the organization of the work of Magazines Italy consistent with market trends by the end of the year, in order to safeguard sustainability.