HIMEDIA GROUP: SUSPENSION OF LIQUIDITY AGREEMENT

Paris, April 28, 2015, 7PM - In the context of the undergoing separation project announced on December 19, 2014, the liquidity contract between HiMedia Group and Oddo Corporate Finance has been temporarily suspended on April 27, 2015. In fact, it answers the need to fix the number of HiMedia Group's treasury shares, and, hence, to enable the exceptional distribution in kind of HiPay Group's shares.

The liquidity contract will resume on the payment date of the exceptional distribution, HiMedia Group will notify it with a press release.

As a reminder, the interim balance sheet as of December 31, 2014, contained the following assets under the liquidity account:

  • 144,945 shares
  • 359,588.36 Euros


 About HiMedia Group:
HiMedia Group guides advertisers, publishers and retailers on the development of their digital strategies. Operating in two business areas, digital advertising - HiMedia - and online payment - HiPay, its experts offer the solutions that are best adapted to boosting clients' revenues.

Established in Europe, in the United States and in Latin America, the Group employs approximately 410 people and generated sales of €166 million in 2014. Independent since its creation, the company is listed on the Euronext Paris Compartment C and is included in the CAC Small, CAC-All Tradable indices and CAC PME.

Code ISIN: FR 0000075988 / Mnémo: HIM

More information on www.himediagroup.com:
http://www.himediagroup.com
Facebook: https://www.facebook.com/HiMediaGroup:
https://www.facebook.com/HiMediaGroup
Follow us on Twitter: @himediagroup
LinkedIn: http://www.linkedin.com/company/himediagroup:
http://www.linkedin.com/company/himediagroup



Contacts Citigate Dewe Rogerson:

 

Agnès Villeret (Investor relations)
0033 (0)1 53 32 78 95 - 0033 (0)6 66 58 82 61
agnes.villeret@citigate.fr:
mailto:agnes.villeret@citigate.fr
 

 

Audrey Berladyn (Press) 
0033 (0)1 53 32 84 76 - 0033 (0)6 68 52 14 09
audrey.berladyn@citigate.fr

This press release does not constitute an offer to sell, or a solicitation of an offer to buy Hi-Media shares. If you wish to obtain more complete information about HiMedia Group, please refer to our Internet site http://www.himediagroup.com/ :
http://www.himediagroup.com/ under the Investors heading.This press release may contain some forward-looking statements. Although HiMedia Group considers that these statements are based on reasonable hypotheses on the publication date of this release, they are by their very nature subject to risks and uncertainties that could cause the actual results to differ from those indicated or projected in these statements. HiMedia Group operates in a continually changing environment and new risks could potentially emerge. HiMedia Group assumes no obligation to update these forward-looking statements, whether to reflect new information, future events or other circumstances.

HIMEDIA GROUP: SUSPENSION OF LIQUIDITY AGREEMENT:
http://hugin.info/143474/R/1916146/685057.pdf



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: HI-MEDIA via Globenewswire

HUG#1916146