06.06.2006 – 17:17
euro adhoc: ProSiebenSat.1 Media AG
Hoc Disclosure under Sec. 15 of the German Securities Trading Act
ProSiebenSat.1 Media AG increases proposed dividend
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Munich, June 6, 2006. The Executive Board and the Supervisory Board of ProSiebenSat.1 Media AG decided on June 6, 2006 to propose for resolution to the Annual Shareholders Meeting a dividend of EUR 0.84 per preference share and EUR 0.82 per common share. In all, EUR 181.6 million or 82 percent of ProSiebenSat.1s consolidated net income of EUR 221 million is to be distributed in dividends to shareholders. In February 2006, ProSiebenSat.1 Media AG had initially announced a dividend of EUR 0.44 per preference share and EUR 0.42 per common share. On the basis of this previous dividend proposal the pay out ratio would have been 43 percent of ProSiebenSat.1 Group's 2005 net income. Last year EUR 63 million or 48 percent of ProSiebenSat.1's 2004 Group net income of EUR 134 million were distributed in dividends. In 2005 shareholders received a dividend of EUR 0.30 per preferred share and EUR 0.28 per common share.
On the basis of ProSiebenSat.1 Media AGs balance sheet profit for fiscal 2005 of EUR 334 million, the pay out ratio is 54 percent. Comparability to previous years, however, is limited due to EUR 89 million of earnings reserves that were released to the distributable net profit.
end of announcement euro adhoc 06.06.2006 16:44:38
Further inquiry note:
Tel.: +49 (0)89 9507 1180
Index: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade
Original content of: ProSiebenSat.1 Media SE, transmitted by news aktuell