The Mondadori Group announces that it has concluded today a new five-year loan agreement for a total of 450 million euro (expiring on 31 December 2022).
The new agreement, concluded with a pool of three banks (Banca Popolare di Milano S.p.A., Intesa Sanpaolo S.p.A. and UniCredit S.p.A.), replaces the current lines of credit (2015-2020) and offers better financial conditions than those under the agreement concluded on 18 December 2015, in terms of lower interest rates and ancillary charges.

The initial spread of the new credit lines – added to the Euribor reference rate with zero floor – is 120 bps, approximately 130 bps lower than the current 250 bps. The rate may vary, on an annual basis, depending on consolidated debt/EBITDA movements, from a low of 95 bps to a high of 200 bps.
At 30 September 2017, the Mondadori Group’s net financial position stood at -256 million euro; the Group expects to close 2017 with a debt/adjusted EBITDA ratio below 2.0x.

The consolidated debt/EBITDA covenant is the same as today’s, equal to 3.5x in 2018 and 3.25x thereafter, while the net debt covenant cannot exceed the maximum of 450 million euro at 30 June 2018, of 435 million euro at 30 June 2019, of 412.5 million euro at 30 June 2020, of 385 million euro at 30 June 2021, and of 350 million euro at 30 June 2022.

Regarding the new loan, Banca Popolare di Milano S.p.A., Banca IMI S.p.A. and UniCredit S.p.A. act as Arrangers, Mandated Lead Arrangers and Bookrunners, Banca Popolare di Milano S.p.A., Intesa Sanpaolo S.p.A. and UniCredit S.p.A. as Lenders, and UniCredit Bank AG, Milan Branch, as Agent.
Concurrent to the granting of the new loan, the Mondadori Group will fully pay, by end 2017, the debt totaling 276.2 million euro arising from the agreement concluded in December 2015.

Arnoldo Mondadori Editore S.p.A. (LEI Code 815600049A1F9AFE6666) announces the purchase on the MTA (Electronic Stock Market), in the period from 11 to 15 December 2017, of no. 20,000 ordinary shares (equal to 0.008% of the share capital) at an average unit price of Euro 2.2902 for a total amount of Euro 45,803.60.
These transactions were made under the authorization to purchase treasury shares approved by the Shareholders’ Meeting on 27 April 2017 (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:

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. 884,000 treasury shares, equal to 0.34% of the share capital.
Purchases in detail in the complete pdf file.

Arnoldo Mondadori Editore S.p.A. (LEI Code 815600049A1F9AFE6666) announces the purchase on the MTA (Electronic Stock Market), in the period from 4 to 8 December 2017, of no. 21,000 ordinary shares (equal to 0.008% of the share capital) at an average unit price of Euro 2.2617 for a total amount of Euro 47,495.80.
These transactions were made under the authorization to purchase treasury shares approved by the Shareholders’ Meeting on 27 April 2017 (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:

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. 864,000 treasury shares, equal to 0.33% of the share capital.
Purchases in detail in the complete pdf file.

Arnoldo Mondadori Editore S.p.A. (LEI Code 815600049A1F9AFE6666) announces the purchase on the MTA (Electronic Stock Market), in the period from 27 November to 1 December 2017, of no. 20,000 ordinary shares (equal to 0.008% of the share capital) at an average unit price of Euro 2.2759 for a total amount of Euro 45,518.64.
These transactions were made under the authorization to purchase treasury shares approved by the Shareholders’ Meeting on 27 April 2017 (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:

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. 843,000 treasury shares, equal to 0.322% of the share capital.
Purchases in detail in the complete pdf file.

The “Valore D” Manifesto for women at work, which has been signed by the Prime Minister, the Mister for economic Development, INPS (the Italian department of social security) and by the chief executives and chairmen of many leading Italian companies, is a 9-point programme that defines specific measures, in line with international standards for the reporting of sustainability, to enhance female talent in the workplace.

By signing the Manifesto companies commit themselves, among other things, to ensuring that , for example, in the selection process, to have groups of candidates from both sexes (Point 1) and to monitor the number of women at various levels within the company (Point 3), contributing to reducing the pay gap and encouraging the professional growth of women, also at the highest levels (Point 8). Special attention is also given to the management of maternity (Point 4) and support for parents (Points 5, 6 and 7).

On signing up to the Manifesto, our chief executive Ernesto Mauri underlined the fundamental contribution made by women to the Group’s success.

Mondadori’s support for the Manifesto is a further step in the company’s efforts to enhance the presence of women in the company, following its support for the Equal Opportunities Statement presented by Confindustria in 2012, and is in line with the principle set out on our Code of Ethics.

Valore D is the leading business association for the promotion of diversity, talent and female leadership for the growth of the companies and the country. Founded in 2009, it now brings together some 150 Italian companies.

Arnoldo Mondadori Editore S.p.A. (LEI Code 815600049A1F9AFE6666) announces the purchase on the MTA (Electronic Stock Market), in the period from 20 to 24 November 2017, of no. 17,000 ordinary shares (equal to 0.007% of the share capital) at an average unit price of Euro 2.2823 for a total amount of Euro 38,799.10.
These transactions were made under the authorization to purchase treasury shares approved by the Shareholders’ Meeting on 27 April 2017 (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:

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. 823,000 treasury shares, equal to 0.315% of the share capital.
Purchases in detail in the complete pdf file.

Arnoldo Mondadori Editore S.p.A. (LEI Code 815600049A1F9AFE6666) announces the purchase on the MTA (Electronic Stock Market), in the period from 13 to 17 November 2017, of no. 18,000 ordinary shares (equal to 0.007% of the share capital) at an average unit price of Euro 2.1814 for a total amount of Euro 39,264.55.
These transactions were made under the authorization to purchase treasury shares approved by the Shareholders’ Meeting on 27 April 2017 (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:

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. 806,000 treasury shares, equal to 0.308% of the share capital.
Purchases in detail in the complete pdf file.

Arnoldo Mondadori Editore S.p.A. (LEI Code 815600049A1F9AFE6666) announces the purchase on the MTA (Electronic Stock Market), in the period from 6 to 10 November 2017, of no. 28,000 ordinary shares (equal to 0.011% of the share capital) at an average unit price of Euro 2.2163 for a total amount of Euro 62,057.10.
These transactions were made under the authorization to purchase treasury shares approved by the Shareholders’ Meeting on 27 April 2017 (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:

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. 788,000 treasury shares, equal to 0.301% of the share capital.
Purchases in detail in the complete pdf file.

Arnoldo Mondadori Editore S.p.A. (LEI Code 815600049A1F9AFE6666) announces the purchase on the MTA (Electronic Stock Market), in the period from 30 October to 3 November 2017, of no. 18,000 ordinary shares (equal to 0.007% of the share capital) at an average unit price of Euro 2.2243 for a total amount of Euro 40,036.70.
These transactions were made under the authorization to purchase treasury shares approved by the Shareholders’ Meeting on 27 April 2017 (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:

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. 760,000 treasury shares, equal to 0.291% of the share capital.
Purchases in detail in the complete pdf file.

The Italian Magazines area of the Mondadori Group, led by general manager Carlo Mandelli, has created an International Fashion hub, to be run by brand manager Daniela Sola.

The strategic priorities of the new structure will include the further development of the Grazia brand in Italy and around the world in order to build the value of the brand in an even more coordinated and effective way.
After many years of experience at Salvatore Ferragamo Parfums and 12 years in publishing, Daniela Sola is tasked with leveraging Grazia’s international network by implementing the strength of a brand that for almost 80 years has been a point of reference in fashion and beauty publishing and is currently present in 24 countries around the world.

With its unmistakable style, Grazia is recognised every day by readers and the most dynamic and sophisticated digital communities, as the most qualified interpreter of Made in Italy, which has also made it one of the preferred advertising vehicles of up-scale fashion and cosmetics companies.

It is these strong points that have enabled Grazia to evolve into a multi-channel (print-digital-social-events) system which, with its magazines and web sites, reaches a global audience of some 17 million, with an average of 10 million copies per month and 30 million unique users.
In Italy, in the first 9 months of this year, the brand recorded an overall increase in advertising sales (print + web) of 7.5%, compared with the same period of the previous year.

Reporting directly to the general manager of Italian Magazines, Carlo Mandelli, Daniela Sola will also take on the role of managing director of Mondadori International Business, the company that manages the presence of other Group brands on foreign markets, including Interni, Icon, Icon Design and Il mio Papa.