CME exercises its put option to Time Warner and completes its deleveraging transactions
In connection with the exercise of this put, CME has issued approximately 875 thousand Class A shares to TW, an affiliate of Time Warner, as well as one share of a newly designated Series A convertible preferred stock for an aggregate consideration of approximately $90.8 million and applied this toward repayment of the outstanding loans. This preferred share will be convertible into approximately 11.2 million Class A Shares following the termination of the voting agreement with RSL Capital LLC, an affiliate of CME's Non-Executive Chairman, Mr. Ronald S. Lauder. As a result of these shares issuances, TW has increased its economic interest in CME to 49.9%.
RM-SYSTÉM, česká burza cenných papírů a.s.
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