M7 Group has decided to buy the remaining shares of SPI INTERNATIONAL

Luxembourg, 13 April 2023 – CANAL+ Group and M7 Group have decided to exercise their call option on the 30% remaining shares of SPI International and therefore to acquire full ownership of the company. Effective as of 12th of April, Mr. Berk Uziyel and Mr. Loni Farhi will step down from their roles in SPI International. Mr. Erwan Luherne and Mr. Jeroen Bergman have taken over their respective responsibilities and roles.

Mr. Luherne, Director of Business integration for Canal+ International, and Mr. Bergman, Board Member of M7 Group responsible for Content and Business Development, will keep working closely with CANAL+ Group and M7 Group to continue to deliver top-quality content to audiences across the globe, while also driving innovation, growth, and strategic synergies within CANAL+ Group.

Mr. Luherne, Director of Business integration for Canal+ International, appointed Managing Director of SPI INTERNATIONAL, has spent more than 18 years within the CANAL+ Group in numerous positions related to the development of the group's activities internationally (Africa and Asia in particular). Mr. Luherne has been previously CEO of Canal+ Myanmar, Director of Marketing and Commercial development for Canal+ International, Director of Commercial Development Canal+ entity in Vietnam.

Mr Bergman, now Board Member of M7 Group responsible for Content and Business Development, looks back at a long-standing career in the media and telco industry, including 20 years at Liberty Global, where he was responsible for all programming and content acquisition. Before Liberty he was Commercial Director for Dutch cable company Casema (currently Ziggo). Since 2019 Jeroen was managing the Film1 and Filmbox business in the Netherlands for SPI International.

Since its inception, SPI INTERNATIONAL has become a leading provider in the Media and Broadcast Industry, thanks in large part to the dedication, creativity, and leadership of its team and founders Loni Farhi and Berk Uziyel.

"SPI International has a long history of providing top-quality content to audiences around the world, and we are eager to take the company to a new stage of its development. Both Erwan and Jeroen have strong track records in the business so I have great confidence they will continue to bring great success to SPI" said Mr. Hans Troelstra, CEO of M7 Group.

"We are committed to build on the company's strong foundations and leverage the CANAL+ Group collective expertise to continue providing engaging and relevant content to viewers." Said Mr. Erwan Luherne and Mr. Jeroen Bergman.