Annual general meeting
Reporting year 2012
At more or less constant revenues the recurring EBITDA for 2012, as reported earlier, amounted to more than €41 million. The net earnings were significantly influenced by impairments. On balance this led to a loss of over €15 million.
- At the meeting the financial statements were adopted and the members of the Executive Board and Supervisory Board were granted discharge.
- It was resolved to withdraw 1.4 million of the company’s own shares, which were purchased by TMG in 2011 and 2012.
- Mr J.J. Nooitgedagt was appointed as a member of the Supervisory Board for a term of four years.
- Deloitte Accountants B.V. was appointed as the Company’s auditor for the period 2013 to 2015, inclusive.
No dividend will be distributed for the year 2012. TMG does expect to be able to pay out an interim dividend of €0.47 per depositary receipt for shares in August/September 2013. The pay-out of the interim dividend is subject to the approval of the shareholders of ProSiebenSat.1 Media AG of a proposed distribution of a bonus dividend of €5.63 per voting share. The shareholders’ meeting of ProSiebenSat.1 Media AG will be held on 23 July 2013.
At today's meeting Michiel Boersma, chairman of the Supervisory Board, explained among other things the task recently taken on by C.J.J. van Steijn in the position of acting CEO of TMG, the relation between the Executive Board and the delegate supervisory director, as well as the agreed termination arrangements for P. Morley and H.M.P. van Campenhout.
For a full report of the shareholders’ meeting we refer you to the audio webcast of the meeting (Dutch spoken).