ProSiebenSat.1 Media SE

Transaction in Own Shares • Apr 2, 2009

News Details

Ad-hoc | 2 April 2009 18:24

ProSiebenSat.1 Media AG: Share Buy-Back: ProSiebenSat.1 Media AG intends to purchase up to 4.5 Percent of its Preferred Stock

ProSiebenSat.1 Media AG / Share Buyback

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Munich, April 2, 2009. By way of a share buy-back resolved today by the
Executive Board, ProSiebenSat.1 Media AG will repurchase a total number of
up to 4,900,000 shares of non-voting preferred stock via the stock
exchange. Such number corresponds to about 4.5 percent of all preferred
stock or 2.2 percent of the total share capital of the company. The share
buy-back will be implemented starting not before April 6, 2009 and is
primarily intended to make available to the company the necessary stock to
service stock options under the Long Term Incentive Plan. The Long Term
Incentive Plan is a stock option plan for members of the Executive Board as
well as other selected executives of the ProSiebenSat.1 Group originally
established by the company in 2005 which was renewed in 2008.

The Annual General Meeting as of June 10, 2008 has authorized the company
to acquire treasury stock in the amount of up to 10 percent of the
company's share capital at the time of the authorization. The term of the
authorization expires on December 9, 2009. In case of an acquisition via
the stock exchange, the price per share of preferred stock (not including
incidental costs of acquisition) shall not be more than 10 percent above or
more than 20 percent below the trading price. The defining trading price
for this purpose shall be the arithmetic average of the closing prices of
the company's preferred stock in trading on XETRA system on the last five
days of trading on the Frankfurt Stock Exchange prior to the obligation to
purchase the stock. The authorization may be exercised for any legally
permitted purpose; in particular, treasury shares may be used to service
stock options which have been issued in the course of the Long Term
Incentive Plan.

The share buy-back will be implemented using a financial institution, which
will decide independently from and uninfluenced by ProSiebenSat.1 Media AG
on when to repurchase stock.
02.04.2009 Financial News transmitted by DGAP

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Language: English
Issuer: ProSiebenSat.1 Media AG
Medienallee 7
85774 Unterföhring
Deutschland
Phone: +49 (0)89 9507-1151
Fax: +49 (0)89 9507-1184
E-mail: julian.geist@ProSiebenSat1.com
Internet: www.prosiebensat1.com
ISIN: DE0007771172
WKN: 777117
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart

End of News DGAP News-Service

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