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

ad pepper media International N.V. / Share Buyback

02.06.2009 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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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 further information:
Jens Körner (CFO)
ad pepper media International N.V.
Tel.: +49 (0) 911 929057-0
Fax: +49 (0) 911 929057-157
Email: ir@adpepper.com
DGAP 02.06.2009 
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Language:     English
Issuer:       ad pepper media International N.V.
              Hogehilweg 15
              1101 CB Amsterdam
              Niederlande
Phone:        +49 911 9290570
Fax:          +49 911 929057-157
E-mail:       ir@adpepper.com
Internet:     www.adpepper.com
ISIN:         NL0000238145
WKN:          940883
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Stuttgart, München, Hamburg, Düsseldorf
 
End of News                                     DGAP News-Service
 
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