ProSiebenSat.1 Media AG repurchased own stock
From April 6 through June 18, 2009, ProSiebenSat.1 Media AG repurchased 4,900,000 shares of its own preferred stock, at an average price of EUR 3.14 per share. Thus, together with the preferred shares it repurchased in 2008, ProSiebenSat.1 Media AG holds a total of 6,027,500 shares of its own preferred stock, equivalent to 2.75 percent of the Company’s share capital. The repurchased stock is intended primarily to service stock options under the Long Term Incentive Plan. Under Sec. 71b of the Stock Corporations Act, ProSiebenSat.1 Media AG has no rights from this treasury stock;
in particular, shares that the Company holds either directly or indirectly are not entitled to receive dividends.
