ad pepper media International N.V.: Management Board decides on share buybackBack to overview
Nürnberg, Amsterdam, the Netherlands, June 11, 2008 – The Management Board of ad pepper media International N.V. has resolved to buy back shares as approved at the General Meeting of Shareholders on May 27, 2008. This buyback of ad pepper shares, which is authorized until October 2008, enables the Management Board to acquire ad pepper stocks up to 5% percent of the total shareholders’ equity via the stock exchange. The equivalent that ad pepper media pays for each share may be within a price range which is not less than 15% and not more than 15% of the average trading price of the Frankfurt Stock Exchange (XETRA) one day prior to the repurchase of the shares. The Management Board intends to utilise the shares from the current buyback for the company’s own employee share programs. ad pepper media will authorise a bank to conduct the share buyback.
The buyback will be carried out in accordance with the rules of Commission Regulation (EC) No. 2273/2003 of December, 22 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buyback programmes and stabilisation of financial instruments.
For further information:
Jens Körner (CFO)
ad pepper media International N.V.
Tel.: +49 911 929057-0
Fax: +49 911 929057-157