Roularta Media Group

Shareholders of Roularta Media Group NV

The registry baseline on file for this profile, verified on 2 August 2026, records three positions expressed in voting rights: Koinon NV with 89.56% (20,853,870 voting rights); Roularta Media Group NV itself, holding treasury shares, with 6.62% (1,541,194); and individual and institutional investors forming the free float with 3.82% (889,884).

The company’s own share disclosure, stated as at 31 December 2025, gives the same three positions in both capital and voting terms: Koinon NV 11,500,893 shares, being 82.55% of the capital and 20,853,870 voting rights or 89.56% of the votes; treasury shares 1,541,194, being 11.06% of the capital and 6.62% of the votes; and other individual and institutional investors 889,833 shares, being 6.39% of the capital and 889,884 voting rights or 3.82% of the votes. The gap between the capital and voting percentages reflects the fact that the number of voting rights attached to the registered long-held shares exceeds the number of shares. Percentages of capital and percentages of voting rights are therefore not interchangeable for this issuer and should be labelled whenever quoted.

The 1,541,194 shares held by Roularta Media Group NV itself are treasury shares. They are not a third-party shareholding and confer no economic interest on any outside party; they are disclosed here only because the company includes them in its published capital table.

The company also disclosed that on 17 June 2025 Koinon NV held 91.17% of the shares (12,702,277 shares) following its voluntary and conditional public cash takeover bid at EUR 15.50 per share, and that the bid was reopened from 23 June 2025 to 15 July 2025 with the result to be announced by 22 July 2025. The 31 December 2025 table above is the later and therefore the controlling figure for the current position.

Ultimate beneficial ownership

Koinon NV (Belgium, enterprise number 0508995226) is the immediate controlling shareholder; it is not itself the ultimate beneficial owner. The transparency notifications published by the company describe a chain in which Koinon NV is held by Stichting Administratiekantoor Cerveteri, which is in turn controlled by Hendrik (Rik) De Nolf, with Lieve Claeys named alongside him in the family holding. A separate vehicle, West Investment Holding, held through Stichting Administratiekantoor Giverny and associated with Leo Claeys, is named as acting in concert with Koinon NV; the notification of 27 June 2025 reported the concert party above the 90% threshold of voting rights.

The identity of the persons at the top of that chain is therefore published, but the notifications do not publish the proportion in which those natural persons hold the intermediate entities. An effective look-through percentage for any individual beneficial owner consequently cannot be calculated from public sources. The Belgian UBO register is not publicly accessible, so no register extract confirming beneficial owners or their percentage interests was available for this profile.

Data availability

For a listed Belgian issuer the published ownership picture is not a complete share register. It consists of the transparency notifications filed when a holding crosses a disclosure threshold, together with the company’s own disclosure of treasury shares and of the residual free float. Holdings below the disclosure threshold are not individually identified, and the free-float line is a residual rather than a list of named holders. Positions can change between notifications without any public filing. Figures should be re-verified against the FSMA transparency register and the company’s own share disclosures before being relied on.

Directors and officers of Roularta Media Group NV

Two sources are available for this entity: the registry-derived officer record on file for this profile and the company’s own corporate governance disclosures. Where they differ, the governance disclosure has been used as the primary source for current board composition, because it is maintained by the issuer for regulatory purposes; the registry entries are reported separately below rather than discarded.

According to the company’s governance disclosure the board consists of ten directors. The executive directors are Rik De Nolf, executive chairman, and Koinon NV, which sits on the board as a legal entity and is represented for that mandate by Xavier Bouckaert in the role of chief executive officer. The non-executive directors are Lieve Claeys, a natural person; Verana NV, represented by Coralie Claeys; Alauda NV, represented by Francis De Nolf; Cella NV, represented by William De Nolf; and LDN Business BV, represented by Louis De Nolf. The independent directors are Invest at Value BV, represented by Koen Dejonckheere; P-Company BV, represented by Pascale Sioen; and Rik Vanpeteghem, a natural person, who chairs the audit committee.

The executive management committee is disclosed as Xavier Bouckaert, chief executive officer; Rik De Nolf, chairman; Eridanus NV, represented by Katrien De Nolf, human resources director; Waar BV, represented by Jeroen Mouton, chief operating officer; and VMCo BV, represented by Steven Vandenbogaerde, chief financial officer. Mandate roles and executive functions are recorded separately: holding a board mandate does not imply an executive function, and an executive title does not imply a directorship.

The registry record on file additionally names Coralie Claeys as a director and three legal entities recorded as holding director mandates: H.R.V. NV, VOLTAGE TD BVBA and MAVAC BVBA. These three are companies acting as directors, not natural persons. All three are Belgian-law entities on the face of their legal forms (NV and BVBA), but their own enterprise numbers were not available from an allowed source and are recorded as not verified. None of the three could be matched to the current governance disclosure, which may indicate lapsed or superseded mandates that remain on the raw record. Their own directors and permanent representatives are outside the scope of this entity profile. Koinon NV, which does appear in both sources as a director, is registered in Belgium under enterprise number 0508995226.

Nationality, country of residence and correspondence address are separate data fields and are recorded as: Not disclosed. None of these has been inferred from a person’s name or from the company’s registered address.

Recent officer changes

Steven Vandenbogaerde – appointed Group Chief Financial Officer with effect from 1 December 2022. No other dated officer change could be verified from an allowed source.

Data availability

Belgian company records publish the name, legal form and mandate of directors, but not their nationality, residence or date of birth, and they are updated only when the company files a change. Mandate end dates disclosed in the governance report indicate the year in which a term expires, not a resignation. For entities acting as directors, only the entity and, where disclosed, its permanent representative are recorded here. Officer data should be re-verified against the Belgian Official Gazette publications and the company’s latest corporate governance statement before being relied on.

Group structure of Roularta Media Group NV

Roularta Media Group NV is a controlled listed company. Its immediate parent is Koinon NV (Belgium, enterprise number 0508995226), which held 82.55% of the capital and 89.56% of the voting rights as at 31 December 2025. Koinon NV is not the ultimate parent: the transparency notifications published by the company place Stichting Administratiekantoor Cerveteri above Koinon NV, with Hendrik (Rik) De Nolf identified as the controlling person and Lieve Claeys named in the same family holding. West Investment Holding, held through Stichting Administratiekantoor Giverny and associated with Leo Claeys, is named as acting in concert with Koinon NV rather than as part of the ownership chain above it.

Below the company, the linkage record on file identifies only two Belgian entities, Studio Aperi Negotium (0424267706) and Belgian Business Television (0461874705). This is not the group’s consolidation scope. Roularta Media Group NV publishes consolidated accounts covering operations in Belgium and the Netherlands, including a Dutch media business referred to in the 2025 annual report as Roularta Media Nederland, so the full list of consolidated subsidiaries in the annual report is materially longer than the two entities recorded here. The two recorded entities should be treated as a partial extract, and the consolidation scope in the audited annual report should be used where a complete subsidiary list is required.

Data availability

Belgian corporate linkage data records participations that have been filed or notified; it does not reproduce a consolidation scope, and it rarely states percentage holdings for subsidiaries. Distinguishing direct from indirect subsidiaries requires the consolidated annual accounts, which list participating interests and the percentage held. The ownership chain above Koinon NV is known only from transparency notifications, which name controlling parties without publishing the percentage each holds in the intermediate entities. Relationships and percentages should be re-verified against the company’s consolidated annual report, the FSMA transparency register and the accounts filed with the National Bank of Belgium.