BMP HOLDING AG The Executive Board and the Supervisory Board of bmp media investors AG resolved today to propose a change in the company's business purpose to the shareholders at the General Stockholders' Meeting on 17 June 2015.
The reason for this decision is the current interpretation of the German Investment Code (Kapitalanlagegesetzbuch - KAGB) by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin), which means that, without a corresponding amendment to the governing charter, bmp media investors AG would in future be subject to additional regulations leading to additional financial burdens and restrictions on its freedom of action that the Executive Board and the Supervisory Board consider to be unreasonable for the shareholders and the company.
The Executive Board of bmp media investors AG does not share BaFin's view, but wishes to minimise resulting risks in order to protect shareholder value. To this end, the Executive Board plans to submit an amendment to the governing charter with regard to the business purpose of bmp media investors AG to the General Stockholders' Meeting for decision.
In future, the company is to act as an operating industrial holding company that acquires and holds majority interests in companies in a market segment that has yet to be determined. Holdings that do not fit with the company's future alignment are to be sold.
In taking these measures, the Executive Board and the Supervisory Board not only intend to avoid incalculable risks arising from different interpretations of the KAGB, but are also convinced that the reorganisation as an operating industrial holding company will sustainably increase the company's stock market value.
For further information:
bmp media investors AG
Corinna Riewe
Schlüterstraße 38
10629 Berlin
Tel.: +49 - 30-20 30 5 567
criewe@bmp.com
This ad hoc report represents neither an offer nor a request for an offer for the purchase of securities to be submitted - especially not in the USA and not in countries or jurisdictions in which an offer, a request for an offer for the purchase of securities to be submitted or the sale of securities would not be permitted under the prevailing Securities Law without prior registration or listing.
This ad hoc report represents neither an offer for the sale of shares made out to the bearer nor a request for an offer for the purchase of shares to be submitted. It is for information purposes only.
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