19 April 2018
Mondo TV joins the production consortium of Piano no Mori, a new series which will be streamed by Netflix worldwide
The new series being produced in Japan is based on the famous Piano no Mori manga property, published by Kodansha
Mondo TV acquires a minority stake of the property rights of the series
19 April 2018: Mondo TV announces that it has signed with My Theater D.D. a Tokyo company active in the production and distribution of animated cartoons, the agreement which will allow Mondo TV to join into the consortium of companies which is producing a new animation series called "Piano no Mori".
The series, under production, has already been acquired by Netflix, which will stream it in 190 countries worldwide as publicly announced on the Internet.
The series will consist of 24 episodes of 25 minutes each, and is based on the property Piano no Mori, object of publication of the famous and homonymous series of manga books.
With this agreement Mondo TV acquires a minority stake of the ownership of the series. In addition, Mondo TV will deal with the distribution of the series in Europe, Russia and North Africa, both on the licensing and merchandising side and, after the period of exploitation by Netflix, on the media side.
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18 April 2018
MONDO TV: Mondo TV ready for the start of a new phase that will allow the
company to look around aggressively to accelerate its growth prospects, also for
The company will get with Atlas the resources to be ready for the possible
acquisition in the next three years of companies or branches of companies in those
markets where the group has not an adequate positioning as in Northern Europe,
United States or Russia, and / or of high potential brand to widen its distribution
potential of successful products in the world
The Board of Directors of Mondo TV has approved the signing of an investment
agreement with Atlas Special Opportunities which provides for the issuance of a new
line of convertible bonds for a maximum of Euros 18 million in only two tranches of €
11 million and 7 million to be called within 2019
Mondo TV will also issue a global warrant in favor of Atlas, exercisable within five
years from the issue date, for the subscription of n. 450,000 Mondo TV shares at a
price of Euro 7.50 per share for a total maximum value of Euros 3,375,000
Maximum dilution expected at current stock exchange prices of 11.32%
In light of the foregoing, Matteo Corradi, CEO of Mondo TV S.p.A. said: "with the
current data we can say that 2018 will be the best in our history for absolute values;
we expect equity to 110 million euros at the end of 2018 with very positive economic
results. We are aiming to grow industrially in the next 5 years, also for the benefit of
our shareholders: we hope that the share prices will reward the industrial growth, if
the stock market trend will reward us as in the recent past, we may aim at a
capitalization of 1 billion euro. "
18 April 2018: The Board of Directors of Mondo TV S.p.A. (“Mondo TV” or the “Company”) has approved the execution with Atlas Special Opportunities LLC (“Atlas”) of an agreement (the “Atlas Agreement” or the “Agreement”) whereby Atlas will undertake to subscribe, in various tranches and only on the basis of subscription notices issued by the Company (“Issuance Notices”) 72 bonds convertible into shares for a value of Euros 250.000 each. More in detail, the Agreement sets forth the faculty of the Company to request the subscription of the Bonds within the earlier of 18 months from the date of the Company’s shareholders meeting to be convened to NOT FOR PUBLICATION, TRANSMISSION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA approve the capital increase deriving from the signing of the Agreement or 31 December 2019 (the “Issuance Period”) in two tranches, of which the first is for 44 Bonds, for a global value of Euros 11,000,000, and the second for 28 Bonds for a value of Euros 7,000,000.
After the issuance of the Bonds, and subject to certain contractual conditions, Atlas will undertake to convert the Bonds into Company’s ordinary shares within a maximum period of 36 months from their issuance (the “Conversion Period”) in accordance with a mechanism for determining the number of shares to be issued as better detailed herein below.
In addition, the Agreement provides for the issuance in favor of Atlas a warrant which gives the right to subscribe in the period of five years from their issuance a number of 450,000 Mondo TV shares at a price of Euros 7.50 per share, thus for a total amount of Euros 3,375,000.
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09 April 2018
MONDO TV GROUP: Filing of documents for the ordinary shareholders meeting to be held on April 30, 2018
09 April 2018: Following to the calling of the ordinary shareholders’ meeting on April 30 2018 in unique call, the company hereby informs that the set of documents to be made available for such meeting were made available. The draft balance sheet of the holding company, the consolidated balance sheet, the Report of the Independent Auditors, the Report of the Statutory Auditors, the report on the corporate governance, the report on the remuneration are available at the company’s registered office, as well as on the company’s website (www.mondotv.it or www.mondo-tv.com, Investor relation section), and through the authorised deposit system managed by SPAFID (eMarket Storage) and Borsa Italiana S.p.A. websites. The list of candidates to the office of members of the board of directors filed by the majority shareholder Orlando Corradi is made available with the same modalities.
It is kindly reminded that the shareholders may obtain copy at their expenses of the documents made available for the above mentioned shareholders meeting.
The information on the company’s capital at the date of the calling notice and a form for the meeting delegation together with the report on the agenda of the meeting were also made available on the company’s website.
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20 March 2018
Hong Kong Fair: Mondo TV and Henan York signed an agreement for a large amusement park in China with equanimous future joint venture
The agreement sets for a phase of economic and technical feasibility study to be completed by the end of September 2019, at the end of which the parties will decide if and how to proceed.
Based on a preliminary business plan drawn up by the partner, the construction of the park could require a total investment of about 250 million euro, with an annual turnover, starting from the completion of park estimated for 2023, of approximately 100 million euro with a net profit of 14 million euros
Matteo Corradi: "this preliminary agreement represents the largest possible operation ever made by the group and the beginning of a new great journey for Mondo TV. The eventual realization of one of the biggest amusement parks on Chinese territory would create from here to 2023 a much bigger and stronger group, both in terms of turnover and marginality, which would allow to have an extraordinary strategic positioning in the greater-to-tend market in the world "
20 March 2018: Mondo TV S.p.A. announces that it has signed a new agreement with Henan York for the start of a study phase of the conditions for the realization of an amusement theme park in China by a possible equanimous joint venture.
The agreement relates to the start and completion of a phase of study on the feasibility of the project by September 2019; it is emphasized that the agreement does not in any way bind the parties to proceed after the study is completed to the construction of the park, as they have not undertaken any commitment, even conditional, in this regard.
The study will focus on the verification and technical, financial and legal analysis of the possible construction plan, as well as on the development of a business plan to include the analysis on the possible economic sustainability and profitability of the project. The project under study foresees that the park will be built in the urban area of
Zhengzhou, capital of the province of Henan, the most populous Chinese province that is currently in a phase of strong economic expansion, as can also be seen from the numerous articles published by ISPI dedicated to Henan (www.ispionline.it).
Based on a preliminary plan developed by Henan York, the initial investment for the construction of the park could amount to around 250 million euros. Therefore, the study phase will also have to verify the possibility of access to forms of financing for the parties, and the search for possible further partners, industrial and financial, for the subsequent possible launch of the project.
During the study phase, the technical and legal checks for the structuring of the transaction will be particularly important.
Finally, the parties will use the study period for the elaboration of a detailed business plan, which analyzes the key elements for the eventual success of the operation, the risk factors, the growth assumptions with a view to long-term sustainability and the return on investment forecast.
For the sake of completeness, it should be noted that based on a preliminary illustrative plan made by the partner Henan York, one could expect from the park the generation of an annual turnover, starting from its completion which can be estimated for 2023, in case of outcome positive from the feasibility study, of around 100 million euros with a net profit of 14 million euros. This data, as well as the amount of the investment requested, will be verified and confirmed during the period of the study object of the agreement.
Matteo Corradi: "this preliminary agreement represents the largest possible operation ever made by the group and the beginning of a new great journey for Mondo TV. The eventual realization of one of the biggest amusement parks on Chinese territory would create from here to 2023 a much bigger and stronger group, both in terms of turnover and marginality, which would allow to have an extraordinary strategic positioning in the greater-to-tend market in the world ".
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01 March 2018
MONDO TV GROUP: The Board of Directors reviews the preliminary results of the parent company Mondo Tv S.p.A. as of 31.12.2017: net profit at Euro 12.55 million increasing for 47% compared to 2016 and representing 37% of the value of production
- Value of Production at Euro 34 million, increasing of 17% compared to Euro 29 million in 2016
- Ebitda at around Euro 25 million increasing of 32% compared to Euro 19 million in 2016
- Ebit at around Euro 17 million increasing of 34% compared to Euro 12.7 million in 2016
- Net Financial Position at approximately Euro 1.8 million of indebtedness compared to a net debt of Euro 0.7 million as of December the 31st, 2016
- Net equity is approximately Euro 77 million with an increase of Euro 22 million compared to Euro 55 million euro as of December 31, 2016.
The management confirms a very positive 2018 in growth compared to 2017
Matteo Corradi: “2017 was the best year of our history”
01 March 2018: The Board of Directors of Mondo TV S.p.A. – parent company of a Group working in the production and distribution of cartoons for TV and the cinema – today reviewed the preliminary results for the financial period as of December 31, 2017.
The value of production is approximately euro 34 million, increasing of 17% compared to 2016 due to the larger volume of library sales, in particular in the Asian market.
EBITDA is at approximately euro 25 million, increasing of 32% compared to euro 19 million in 2016.
EBIT is at euro 17 million, growing for 34% respect to euro 12.7 million in 2016 by virtue of the increase of the revenues and the limitations to structure and production costs. The net profit, by virtue of the considerable revenues increase, is at approximately euro 12.55 million, in notable increase compared to the net profit in 2016, which was euro 8.55 million, with strong increase in profitability: net profit 2017 is 37% of the value of production (29% in 2016).
The Net Financial Position is at approximately euro 1.8 million of indebtedness, compared to a net debt of euro 0.7 million as of December 31, 2016.
Net equity is approximately at euro 77 million with an increase of euro 22 million compared to euro 55 million as of December 31, 2016.
The management confirms a very positive 2018 in growth compared to 2017; Matteo Corradi, CEO of Mondo TV S.p.A., stated: “2017 was the best year of our history”
It is highlighted that the preliminary results represent the best currently available representation of the results of the Mondo Tv S.p.A, which may be subject to variation upon approval of the draft balance sheet as of 31 December 2017. The referenced preliminary results were not audited.
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28 February 2018
Mondo TV announces the execution of a license with KSM Gmbh for the audiovisual exploitation of some classic library products in Germany, Austria and other German- speaking areas in Europe
28 February 2018: Mondo TV announces that KSM GmbH has acquired a license for the audiovisual exploitation of three series and three movies from the classic library of Mondo TV. The license includes the right to exploit programs in German in Germany, Austria, Liechtenstein, Luxembourg, German-speaking Switzerland and South Tyrol for a period of six years starting from 1 March 2018.
Although the license has been granted for a flat fee that is not particularly relevant, for the development of the Mondo TV business, the license is relevant since it represents a sale to a new customer in a market traditionally not easy for the Group, especially considering that the license concerns classic library titles.
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27 February 2018
MONDO TV: with reference to the Atlas contract and the fourth issuance of convertible bonds as per the press release dated 5 February 2018, today Atlas Special Opportunities has requested the conversion of four bond with value of Euro 1,000,000
Based on the contract, a number of 185,355 Mondo TV ordinary shares are to be issued
15 February 2018: Mondo TV S.p.A. (“Mondo TV” or “Company”) informed to have received today from Atlas Special Opportunities, part of the Atlas Capital Markets group, a conversion notice (the “Notice”) for four of the bonds issued on 5 February 2018 (see the press release issued on such date).
The issuance relates to the investment agreement (the “Atlas Agreement” or the “Agreement”) - entered into by the Company and communicated last 18 July 2016 - whereby Atlas undertook to subscribe, directly or through an affiliate designated pursuant to the Agreement, in various tranches and only on the basis of subscription notices issued by the Company, 60 bonds convertible into shares for a value of Euro 250.000 each (the “Bonds”).
It is recalled that 12 Bonds were issued pursuant to the fourth and last tranche, of which 4 bonds were already converted. As a result of today’s request for conversion, 4 Bonds result outstanding for a value of Euro 1,000,000;
In accordance with the Agreement, the number of shares of the conversion was determined on the basis of 98% of the volume weighted average price of the qualifying trades as reported by Bloomberg in the last five trading days from today. The price, determined in the above way, results to be equal to Euro 5.3950 per share: thus, the converted Bonds gives right to subscribe 185,355 Mondo TV ordinary shares, equal to 0.6018% of the actual company’s capital.
The per share value on the net equity of the Company as of 30 September 2017, as reported in the nine months interim financial statement approved by the Board of Directors on 14 November 2017:
|Mondo Tv S.p.A. Net Equity at 30 September 2017 (in euro/000)||73,395|
|Number of shares issued as of today||30,798,254|
|Net Equity per share at the date of 30 September 2016||2.38|
The per share value on the net equity of the Company as of 30 September 2017, as reported in the nine months interim financial statement approved by the Board of Directors on 14 November 2017:
|Mondo Tv S.p.A. Net Equity at 30 September 2017 (in euro/000)||72,889|
|Number of shares issued as of today||30,798,254|
|Net Equity per share at the date of 30 September 2017||2.37|
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21 February 2018
Mondo TV reaches an understanding with Atlantyca for the coproduction of the second season of Bat Pats
Mondo TV Producciones Canarias will take care of the pre-production, while Mondo TV S.p.A. will realize the animation
The second season shall strengthen the brand after the TV success of the first season
21 February 2018: Mondo TV announces that Mondo TV S.p.A. and Mondo TV Producciones Canarias reached an understanding with Atlantyca S.p.A., a company already producer of such hits like Geronimo Stilton, for their participation in the production of the second season of the animated TV series Bat Pat. The second season will consist of 52 episodes of 11 'each and will be produced in 2D.
Mondo TV Producciones Canarias will be a partner, realizing a significant part of the pre-production works for a share equal to about 25% of the total production budget determined in approximately Euro 5,600,000. Mondo TV Canarias will then be entitled to 25% of the ownership of the series, becoming a distributor in the Iberian peninsula (it is highlighted that the subsidiary owns 100% of the rights of audiovisual exploitation in Spain) and in Latin America.
Mondo TV S.p.A. on the other hand, it will take care of the realization of the animation, receiving a fee of € 500,000 from Atlantyca in addition to a share of the revenues deriving from the exploitation of the series of approximately 20%. Mondo TV will also be in charge of the distribution of the series in some European territories, in Russia, in the Middle East and in Africa.
It is specified that the rights of audiovisual exploitation for Italy are 100% reserved to Atlantyca.
In light of the television success of the first series, it is reasonable to expect a strengthening of the brand thanks to the second season.
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19 February 2018
Mondo TV Group announced to have reached a new understanding for the licensing on Yoohoo: Play Press purchases certain publishing rights
After the deal with Netflix, the development of the licensing starts on Yoohoo in Italy through the publishing, which constitutes a potential key factor to give an even stronger boost to the brand
19 February 2018: Mondo TV informs that Edizioni Play Press S.r.l. acquired from the controlled company Mondo TV Suisse S.A. a license for the exploitation of certain publishing rights of the animated series based ont the property Yoohoo & Friends, which as announced last 16 October will become a Netflix original series.
Play Press will take care of the publishing of such products as magic album, for their distribution through kiosks and mass retail channel from January 2019 to December 2020. The contract provides for the accrual and payment of royalties in favor of Mondo TV in a percentage of net sales turnover.
Matteo Corradi, Managing Director of Mondo TV, stated: “We are proud to have on board a strong partner as Play Press, a leader in publishing for the youngest: publishing may be a key factor to give an even stronger boost to the development of the brand Yoohoo in Italy.”
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09 February 2018
MONDO TV: Calendar of Corporate Events - Update – The date has been set up for the BoD meeting for the approval of the consolidated preliminary results as of 31 December 2017
09 February 2018: Mondo TV, listed on Star segment of Borsa Italiana, hereby communicates that on 1 March 2018, the Board of Directors will meet to approve the preliminary results of the holding company as of 31 December 2017.
Further possible changes to the above Calendar will be timely communicated.
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29 January 2018
Mondo TV: Company’s events calendar 2018
29 January 2018: Mondo TV, listed on Star segment of Borsa Italiana, hereby communicates the following calendar of company’s events for the year 2018:
• 26 March 2018 BoD for approval of the draft of balance sheet and consolidated balance sheet as of 31 December 2017
• 30 April 2018
Shareholders meeting for approval of the balance sheet and consolidated balance sheet as of 31 December 2017
• 14 May 2018
BoD for approval of the financial interim report as of 31 March 2018
• 25 September 2018
BoD for approval of the consolidated financial interim report as of al 30 June 2018
• 14 November 2018
BoD for approval of the financial interim report as of 30 September 2018
Possible changes to the above Calendar will be timely communicated as applicable.
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04 January 2018
Orlando Corradi opens to some institutional funds with the sale in different percentages of an overall stake equal to about 4.6% of the share capital
Orlando Corradi assumed voluntarily and unilaterally, without any shareholder agreement, a commitment to a lock-up for six months
Orlando Corradi: "With these transactions, I wanted to open the ownership to third parties even more, so that by enlarging the floating Mondo TV becomes even more a public company. I think that the entry of institutional funds will favor the stabilization of the stock exchange courses of Mondo TV. I also intend to communicate my unilateral commitment to the market not to proceed with further sales for six months from today's date. Moreover, since I believe a lot in the business trend, I do not see any reason today to proceed with other sales even after the six months of voluntary lock-up. "
04 January 2018: Mondo TV informed that, as reported by the internal dealing published today, some institutional funds acquired from the majority shareholder Orlando Corradi, in various quotas, a shareholding in the share capital of Mondo TV S.p.A. amounting to a total of around 4.6%.
The transactions took place out of market, after the closing auction on 12 and 13 December 2017, at a price per share of Euro 6.8.
In addition to the aforementioned transactions, the shareholder Orlando Corradi also sold to the market a number of shares equal to about 1.2% at an average price of Euros 6.93 per share.
The shareholder Orlando Corradi has informed that it intends to assume towards the market and the other shareholders a unilateral and voluntary commitment, not formalized in a shareholders agreement, to lock-up for a period of six months from today. In light of the commitment, the majority shareholder has therefore confirmed to the company that it will not proceed with new sales of shares in the next six months.
The transactions were explained by the majority shareholder with the desire to expand the floating through mainly the entry of institutional funds that in his opinion will help stabilize the stock course at a time of expected growth for Mondo TV group, that today capitalizes about 200 millions of Euro, which become 225 millions of Euro including subsidiaries. The maintenance by Orlando Corradi of a relative majority stake of about 38% guarantees in any case the continuity of future management with respect to the recent past, with particular regard to the internationalization strategy and the creation of value for all shareholders of Mondo TV.
Orlando Corradi has indeed declared: "With these transactions I wanted to further open the shareholding to institutional third parties, increasing the floating in a company that today capitalizes about 200 million Euro, so that with a floating of around 62%, Mondo TV becomes even more a public company. I think that the entry of institutional funds will help the stabilization of the stock exchange courses of Mondo TV shares, and also its process of growth. I also intend to communicate to the market my unilateral commitment not to proceed with further sales for six months from today's date. However, since I believe a lot in the business trend, I do not see any reason today for which I should proceed with further sales even after the six months of voluntary lock-up."
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