The Board of Directors of LeGuide.com has rejected the
Contractual Buyout Offer made by Lagardère on
6 June and has undertaken unanimously to carry out a
contractual share buyback offer on 10% of the
Company's shares in view of their cancellation, following the
Shareholders' Meeting of 22 June 2012. The implementation of
this decision is subject to:
approval by the Shareholders' Meeting of 22 June 2012 of
resolutions 12 and 14,* i.e. before the
publication of the notice of result of Lagardère's
Contractual Buyout Offer, which is due to be issued on 25
June.
the failure to reach the "Success Threshold" as defined in
section 2.8.2 of the document outlining
Lagardère's Contractual Buyout Offer.
The terms of the contractual share buyback offer will be
determined by the Board of Directors following the
Shareholders' Meeting, and will take into account the opinion
of an independent appraiser. On the basis of the valuation
performed by Bryan Garnier & Co, the Board of Directors is
confident that the offer price will exceed €30 per share.
*See the meeting notice published in BALO (Bulletin of Compulsory Legal Notices) n° 60 dated 18 May 2012: Resolution 12: Authorisation for the Board of Directors to purchase shares of the Company
Resolution 14: Authorisation to cancel all or part of the shares purchased by the Company
About LeGuide.com
LeGuide.com, a publisher of online shopping guides, comparison websites, shopping search engines and platforms for consumer ratings, has a total audience of 27.3 million unique visitors1, including 8.4 million in France1 and 1.6 million mobile2. With a team of 171 employees, LeGuide.com is present in 14 European countries through a multi-site strategy surrounding a brand portfolio, including LeGuide.com, dooyoo.com and mercamania.com. LeGuide.com, which references 161 million offers from 76,200 e-merchants, generated €28.8 million in revenue in 201 .
LeGuide.com has been certified as an "Innovative Company" by OSEO (a French public agency that supports
SMEs) and is listed on the Alternext board of NYSE Euronext Paris (ticker: ALGUI, ISIN code: FR0010146092).
1Source: Comscore, April 2012
2Source: Médiamétrie/NetRatings, April 2012
LeGuide.comOlivia Fuchs
+33 1 55 43 37 29 finance@leguide.com
ActifinAnaïs de Scitivaux
+33 1 56 88 11 14 adescitivaux@actifin.fr
For further information: www.leguide.com/finance1
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