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AD PEPPER MEDIA INTERNATIONAL N.V. (FRA:APM) DGAP-Adhoc: ad pepper media International N.V. decides to cancel treasury shares and to decrease the share capital

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DGAP-Ad-hoc: ad pepper media International N.V. / Key word(s): Corporate Action/Miscellaneous
ad pepper media International N.V. decides to cancel treasury shares and to decrease the share capital

01-Apr-2019 / 08:50 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


ad pepper media International N.V. decides to cancel treasury shares and to decrease the share capital

Nuremberg, Amsterdam, April 01, 2019 - The Supervisory Board and the Management Board of ad pepper media International N.V. (ISIN NL0000238145) decided today to propose to the Annual General Meeting of Shareholders scheduled for May 21, 2019 to cancel 1,500,000 treasury shares which had been acquired by the company in previous years based on various buy-back authorizations and to decrease the share capital accordingly. This corresponds to 6.52 percent of the share capital before redemption and capital decrease.
After the share capital decrease, the current share capital of ad pepper media International N.V. of EUR 1,150,000 will amount to EUR 1,075,000 and will be divided into 21,500,000 shares with a proportional share in the share capital amounting to EUR 0.05 per share. After the cancellation of 1,500,000 treasury shares, ad pepper media International N.V. will still hold 499,292 treasury shares. This corresponds to 2.3 percent of the decreased share capital.
The redemption is expected to be completed shortly after the Annual General Meeting of Shareholders. After completion of the transaction, Michael Oschmann, Chairman of the Supervisory Board, will indirectly hold 46.2 percent of the company's share capital (through his shareholdings in EMA B.V. and Euro Serve Media GmbH).


01-Apr-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: ad pepper media International N.V.
Frankenstrasse 150 C
90461 Nuremberg
Germany
Phone: +49 911 9290570
Fax: +49 911 929057-157
E-mail: ir@adpepper.com
Internet: www.adpeppergroup.com
ISIN: NL0000238145
WKN: 940883
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 793981

 
End of Announcement DGAP News Service

793981  01-Apr-2019 CET/CEST

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