Agreement between WENDEL Investissement and John MacBain on the Capital Structure of Trader Classified Media
Agreement between ▇▇▇▇▇▇ Investissement and
▇▇▇▇ ▇▇▇▇▇▇▇
on the Capital Structure of Trader Classified Media
Paris, France and Amsterdam, The Netherlands - December 2,
2002
▇▇▇▇▇▇ Investissement owns 27 million shares (30% of the capital) in Trader
Classified Media, alongside ▇▇▇▇ ▇. ▇▇▇▇▇▇▇, President and CEO of the Company,
and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇.
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ concluded an agreement at the end of September 2002
pursuant to which she would dispose of her shares in Trader Classified Media
as follows:
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by the grant to ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ of a call option over 20 million shares to be exercised up to mid- 2005
- through the sale on the market of 3.5 million shares. Since this agreement was concluded, one million shares were purchased by institutional investors.
The agreement signed on November 29 between ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇ Investissement provides that:
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▇▇▇▇▇▇ Investissement will have certain rights of priority and pre-emption permitting them to participate with ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ in 2005 in the repurchase of the 20 million remaining ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ shares.
- the balance of 2.5 million shares which ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ intended
to place in the market are purchased by a financial institution, with the
assistance of ▇▇▇▇▇▇ Investissement and ▇▇▇▇ ▇. ▇▇▇▇▇▇▇. ▇▇▇▇▇▇ Investissement
and ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ are required to repurchase these shares in mid-2005.
In the current context where Trader Classified Media recently improved its financial outlook and guidance for 2002, this agreement ensures that the company has at its disposal the means for its future development in a solid shareholder structure.
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About Trader Classified Media
Trader Classified Media is a leader in classified advertising. The group was founded in Canada in 1987. Today, Trader Classified Media connects buyers and sellers through 300 publications (8 million readers per week) and 60 web sites in 20 countries (260 million page views in June 2002). Trader Classified Media has 5,100 employees worldwide, of whom 2,100 are sales people. Trader Classified Media is listed on the NASDAQ (TRDR) and Premier Marche (First Market of the Paris Stock Exchange - Euroclear code 5729 and Reuters code: TRD).
Contacts
▇▇▇▇▇▇ Investissement
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ tel : ▇▇ ▇▇ ▇▇ ▇▇ ▇▇ / E-mail : ▇.▇▇▇▇▇▇▇@▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇
▇▇▇▇▇▇ ▇▇▇▇ tel : ▇▇ ▇▇ ▇▇ ▇▇ ▇▇ / E-mail : ▇.▇▇▇▇@▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇
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TRADER CLASSIFIED MEDIA |
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| PARIS CICOMMUNICATION ▇▇, ▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ |
LONDON Rea-TMA Marketing Group ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇ |
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Analysts and Investors relations: |
Analysts and Investors Relations:
Contact: ▇▇▇▇▇▇▇ ▇▇▇ Tel: + ▇▇ (▇) ▇▇▇ ▇▇▇ ▇▇▇▇ Fax: ▇▇▇ (▇) ▇▇▇ ▇▇▇ ▇▇▇▇ Email: ▇▇▇▇▇▇▇.▇▇▇@▇▇▇-▇▇▇.▇▇▇ |
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Media Relations: |
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Forward looking statement
Certain statements in this press release may be considered to be "forward looking statements" as that term is defined in The United States' Private Securities Litigation Reform Act of 1995, such as statements that include the words or phrases "are expected to," "will continue," " is anticipated," "expectations," or similar expressions. Such statements are subject to risks and uncertainties. The factors which could cause actual results to differ materially from those suggested by any such statements include, but are not limited to, those identified in our Form 20-F, which is on file with the United States Securities and Exchange Commission. Such factors include risks or uncertainties relating to our history of reported losses, the control of our company by a small group of shareholders, our highly competitive industry, our ability to make and integrate acquisitions, our ability to obtain financing for acquisitions or general corporate purposes on terms acceptable to us, our ability to respond to political and economic conditions generally in the global economy or specifically in the countries in which we operate including Russia and South America, the currencies in which we do business, our dependence on our management team, our expansion plans and workforce requirements, our content, our brands and our branding strategy, our dependence on advertising including print and online advertising, our ability to expand our online business, the limited history of our online business, our ability to successfully execute our business strategy, the expansion of the Internet and our dependence on the growth of Internet usage, as well as general economic and market conditions.
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