ProSiebenSat.1 Media AG holds a total of 5,707,400 shares as treasury shares as of January 17, 2014, representing 2.6 percent of the company’s share capital.
Share Buy-Back 2011
ProSiebenSat.1 Media AG has purchased preferred shares as treasury shares. This was resolved by the Executive Board on August 29, 2011. The company repurchased a total number of 2,500,000 shares of non-voting preferred stock at an average price of EUR 13.01 via the stock exchange. This number corresponds to 1.15 percent of the total share capital of the company. The repurchase took place from August 29 until September 14, 2011 and is primarily intended to service share options under the Long Term Incentive Plan. Under Sec. 71b of the Stock Corporations Act, ProSiebenSat.1 Media AG has no rights by holding this treasury shares; in particular, shares that the company holds either directly or indirectly are not entitled to receive dividends.
The Annual General Meeting as of June 29, 2010 has authorized the company to acquire treasury shares in the amount of up to 10 percent of the company's share capital at the time of the authorization. The authorization expires on June 28, 2015.
Share Buy-Back 2008 and 2009
In 2008 and 2009 ProSiebenSat.1 Media AG purchased a total of 6,027,500 treasury shares via the German Stock Exchange.
Considering exercised options in the years 2010, 2011, 2012 and 2013 the ProSiebenSat.1 Media AG holds 5,755,900 treasury shares as of August 31, 2013.