On February 7, 2019, MNG Enterprises, Inc announced that it has delivered notice of its nomination of 6 individuals to serve on the Board of Directors of Gannett Co., Inc. MNG Enterprises stated that the nominations follow Company’s rejection of it’s premium, all-cash proposal to acquire the Company for $12.00 per share and its refusal to extend the deadline for director nominations to facilitate continued discussions towards a negotiated transaction. In addition, MNG Enterprises stated that its’s proposal represents a 41% cash premium to the Company share price on December 31, 2018. Later, MNG Enterprises expressed its view that engagement towards a transaction in the best interest of Company shareholders would be more productive without the distraction of an unnecessary and costly proxy contest. Further, MNG Enterprises stated that Company categorically refused to extend the deadline for director nominations before meeting with MNG therefore MNG’s only option to preserve its rights was to submit its slate of director candidates. MNG Enterprises nominees are as follows: Timothy A. Barton, Heath Freeman, R. Joseph Fuchs, Guy Gilmore, Dana (Goldsmith) Needleman, and Steven B. Rossi.