Announcement • May 16
Boehly Pulls Out of Move to Buy Scotsman Owner National World Chelsea FC owner Todd Boehly’s investment vehicle has backed out of a potential deal to buy newspaper group National World Plc (LSE:NWOR). Mr. Boehly’s Eldridge Media Holdings (EMH) business said in March that it was considering a takeover deal for the Scotsman and Yorkshire Post owner. However, shortly before a regulatory deadline on Thursday evening, his firm confirmed it has now withdrawn from the process. “EMH confirms that, following careful consideration, it does not intend to make an offer for National World,” the group told the stock market. The announcement appears to clear the way for Media Concierge, a major shareholder in National World, to buy the business. Eldridge’s interest came only a week after Media Concierge, which runs a raft of local newspapers in Ireland as well as direct mail and advertising operations, had secured approval for a £65.1 million takeover of National World. Shareholders had voted in favour of the process before Mr. Boehly indicated he could put forward a rival proposal. The withdrawal also raises questions over Mr. Boehly’s recent pursuit of the Telegraph newspaper group. Eldridge reportedly held talks with National World executive chairman, and former Mirror Group boss, David Montgomery, over a move to buy the Telegraph and combine it with National World. Abu Dhabi-based RedBird IMI has been trying to sell the Telegraph Media Group business after its original takeover of the firm was blocked by UK legislators. In October, the seller announced that owner of The New York Sun, Dovid Efune, entered exclusive talks to buy the Telegraph in a deal worth around £550 million. However, RedBird IMI is understood to now be considering a variety of potential deals, including Mr. Efune, amid difficulties from the proposed buyer to secure financing quickly. Announcement • May 01
National World Expects Delisting and Cancellation of Admission to Trading of its Shares on 28 May 2025 Further to the announcement made by National World plc (‘National World’) on 25 February 2025, National World and Media Concierge (Holdings) Limited (‘Media Concierge’) confirmed that on 31 March 2025, Neo Media Publishing Limited (‘Bidco’) received confirmation from the Republic of Ireland Competition and Consumer Protection Commission (the ‘CCPC’) of the CCPC's approval of the Acquisition (‘Phase 1 Clearance’). Subsequently, Bidco submitted a notification to the Minister for Media in the Republic of Ireland (the ‘MoM’), and is currently awaiting MoM approval of the Acquisition. A further statement will be made once the MoM decision regarding the Acquisition has been received. Pending MoM approval of the Acquisition, the Court sanction hearing in respect of the Scheme has been scheduled for 22 May 2025 and it is currently anticipated that the timetable of principal events for the implementation of the Scheme will be as set: Effective Date for the Scheme is 27 May 2025. Delisting and cancellation of admission to trading of National World Shares is By 8.00 a.m. on 28 May 2025. Announcement • Mar 28
Eldridge Media Holdings Confirms to Make Proposal to Acquire Entire Issued and to be Issued Share Capital of National World National World Plc (LSE:NWOR) noted recent speculation relating to an approach for the Company from Eldridge Media Holdings, LLC ("EMH"). The Company has received confirmation that EMH is considering making a proposal to acquire the entire issued and to be issued share capital the Company but to date no details of any such proposal has been received by the National World Board (including as to its possible terms, timing or process for implementation) (the "Possible Competing Offer"). National World reminds shareholders that the recommended scheme of arrangement relating to the acquisition for the entire issued and to be issued share capital of the Company by Neo Media Publishing Limited ("Bidco"), a newly incorporated company wholly-owned by Media Concierge (Holdings) Limited (the "Scheme") was approved by National World Shareholders on 13 February 2025. However, the Company acknowledges, for the purposes of the Takeover Code, that it is in receipt of an approach from EMH regarding a possible offer for the entire issued and to be issued share capital of the Company. The National World Board will consider the terms of any proposal put forward by EMH that may deliver superior value to National World Shareholders than the Scheme. The National World Directors emphasise that there can be no certainty that an offer will be made by EMH, nor as to the terms on which any such offer might be made. National World Shareholders should take no action at this stage. National World also confirms that there are no updates regarding the timetable for implementation of the Scheme further to that set out in the Company's announcement of 25 February 2025 and final results announcement of 21 March 2025. Further announcements with respect to the above matters will be made as and when appropriate. 
