Share Buy-Back
ProSiebenSat.1 Media AG holds a total of 7,692,500 preferred shares as treasury shares as of September 15, 2011, representing 3.5 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 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.
Overview of purchases under the share buy-back program 2011
Period | Number of shares acquired | Average price in EUR | Total volume in EUR |
|---|---|---|---|
Week 1: 08/29 – 09/02/2011 | 982,000 | 13.42 | 13,173,551.67 |
Week 2: 09/05 - 09/09/2011 | 980,000 | 12.69 | 12,437,049.87 |
Week 3: 09/12 - 09/14/2011 | 538,000 | 12,86 | 6,919,302.52 |
TOTAL | 2,500,000 | 13.01 | 32,529,904.06 |
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. In the course of the exercised options in November and December 2010 as well as in March, August and September 2011 the treasury shares of the ProSiebenSat.1 Media AG (pre consideration of the share buy-back program 2011) have been reduced by 835,000 shares to a total of 5,192,500 shares.
