ad pepper media International N.V.: Management Board decides on share buyback

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Nuremberg, Amsterdam, 2 June 2009 – On May 19, 2009 the annual General Shareholders’ Meeting has authorized the Board of Managing Directors for a period of 18 months to repurchase shares in the Company’s own share capital up to a maximum amount of 50 percent of the Company’s issued share capital. The authorization for the repurchase is given until November 2010.

Today, the Board of Managing Directors has passed a resolution to make partly use of the authorization of the Annual General Shareholders’ Meeting by repurchasing up to 10 percent of the Company’s share capital, equalling up to 2,278,970 shares. The consideration for the shares to be repurchased will be at least 80 percent of the stock price at the Frankfurt Stock Exchange (opening price on Xetra) of the shares of the Company at the date of such repurchase and at the most 120 percent of such stock price.

The purpose of the buy-back programme is to meet obligations arising from the employee share option programmes. Further, repurchased shares may also be cancelled, thus reducing the Company`s stock capital.

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 more information:
Jens Körner (CFO)
ad pepper media International N.V.
Phone: +49 (0) 911 929057-0
Fax: +49 (0) 911 929057-157
E-mail: ir@adpepper.com

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Thank You!

ad pepper media managed its successful IPO at the end of 2000 as one of the last companies of the so-called Neuer Markt. This was followed by one of the worst economic crises in decades, with the dot-com bubble bursting and the 9/11-driven recession starting in 2001.

It’s now been almost 20 years since we took this daring step, and we haven’t just been resting on our laurels in the meantime. In fact, with record results and a squeaky-clean balance sheet, we’re in a healthier position today than ever before. Two decades of experience as of one of the leading performance marketing companies in Europe have also made us vigilant and prepared us for future economic headwinds.

This is something we are proud of: However, this success also makes us humble well knowing that currently many companies are struggling to survive. And with many people fearful of losing their jobs (or even their lives), we don´t think it´s the right time to celebrate. Nevertheless, we would like to say a big THANK YOU to our employees, stakeholders and everyone else who has stood by us and believed in us from the very beginning.