Upon completion of the Offer, depending upon the percentage of the share capital and voting rights of Meetic held by the Offeror, changes may be made to the Company's Board of Directors in order to reflect the new shareholder structure.
Mr. Marc Simoncini will resign as Chairman of the Board and Chief Executive Officer, but will remain on the Board of Directors and provide consulting services to the Company. Match expects that Phillipe Chainieux, currently Managing Director and Deputy Chief Executive Officer of the Company, will serve as Chief Executive Officer of the Company and continue to run the day-to-day operations of the Company.
of the AMF General Regulation, the Offeror may however implement, within a 3-month period as from the Offer's closing date, a squeeze-out (retrait obligatoire) for the Company Shares if the Offeror owns more than 95% of the capital and voting rights of the Company. (more…)