Compulsory squeeze-out procedure for the shares of Doctissimo initiated by LAGARDÈRE ACTIVE DIGITAL
presented by HSBC.
Upon closing of the standing market offer initiated by Lagardère Active Digital for the shares of Doctissimo, which was open from May 2, 2008 through May 22, 2008 at a price of €30.50 per Doctissimo share (the “Standing Market Offer”), Lagardère Active Digital held 4,326,870 Doctissimo shares representing 89.37% of the company’s share capital and 89.30% of its voting rights1. In addition, Doctissimo held 410,938 of its own shares (representing 8.49% of its share capital and 8.48% of its voting rights) on the same date.
After taking into account these 410,938 treasury shares, the Doctissimo shares not tendered to the Standing Market Offer by minority shareholders represented 2.14% of the share capital and voting rights of Doctissimo.
The legal conditions having been met, Lagardère Active Digital intends to request the implementation of a compulsory squeeze-out procedure for all the Doctissimo shares which are not held directly or indirectly by Lagardère Active Digital (except the 410,938 treasury shares held by Doctissimo) at a price of €30.50 per Doctissimo share.
This compulsory squeeze-out procedure will be executed after the Doctissimo general shareholders’ meeting, called for June 26, 2008.
The offer document (in French only) relating to the Standing Market Offer, approved and registered by the AMF on April 29, 2008 under no. 08-078, is available on the AMF website (www.amf-france.org). Copies may also be obtained free of charge from:
Lagardère Active Digital
149, rue Anatole France
109, avenue des Champs-Elysées
75419 Paris Cedex 08
1 Including 19,715 Doctissimo shares, for which delivery versus payment remains uncertain as of today, without it
affecting the right for Lagardère Active Digital to proceed with the compulsory squeeze-out.