Tamedia founding family relies on continuity

 The founding family of today's Tamedia has extended the shareholders' agreement concluded in 2000 until 2017. The representatives of the fourth and fifth generations of the family, who currently hold around 72 percent of the company's shares, are thus committed to jointly exercising their voting rights in the election of the Board of Directors and in voting on significant transactions. With the extension of the shareholders' agreement, the founding family is expressing its commitment to Tamedia and securing the long-term independence of the Swiss media company through a stable shareholder base, Tamedia announced. At the same time, the 21 participating members of the founding family have confirmed their intention to increase the proportion of freely tradable shares in Tamedia to around 33 percent over the next few years. To this end, around 500,000 existing registered shares are to be made available for further transactions or placed on the market. The targeted increase is a commitment to the capital market and will lead to an increase in the liquidity of Tamedia shares in stock exchange trading, the Group writes further.