North Media A/S
Annual General Meeting of North Media A/S, Friday, 27 March 2015 – Summary

DGAP-News: North Media A/S

2015-03-27 / 16:02

---------------------------------------------------------------------

Company announcement no 03-15

27 March 2015

The Annual General Meeting was held in accordance with the agenda issued.

The management commentary was presented, and the Annual Report for 2014 was
adopted. 

Kåre Stausø Wigh, Chief Financial Officer, commented that 2014 was the year in
which No Ads+ achieved its breakthrough. In No Ads+, the Group has developed an
innovative product that lets the consumers choose which retail leaflets they
want to receive. 

The Group's revenue stands at DKK 1,074 million for 2014, which is on a par
with 2013. Group EBIT before special items for 2014 comes to DKK 55.2 million
compared to DKK 57.6 million in 2013. 

In his report, Kåre Stausø Wigh stated that the financial performance for 2014
matched expectations at the beginning of the year and, seen in the light of
market conditions, is deemed satisfactory. For 2015, Group EBIT before special
items is expected to range from a negative DKK 20 million to a positive DKK 5
million. 

At 31 December 2014, the Group's net interest-bearing cash position is DKK 67.6
million. This reflects an improvement of DKK 79.2 million on year-end 2013 when
the net interest-bearing debt position stood at DKK 11.6 million. 

The Board of Directors and the Executive Board believe that the Group has a
solid balance sheet and strong financial resources ensuring and supporting the
long-term development of the business. Strong financial resources are
considered a key competitive parameter. 

On this basis, Kåre Stausø Wigh stated at the Annual General Meeting that the
Board of Directors decides that no dividend be paid for the financial year
2014. He also stated that the Board of Directors maintains its objective and
expectation of achieving a profit performance that can enable distribution of
dividend as an annually recurring event. 

The Annual General Meeting granted discharge to the Board of Directors and the
Executive Board and approved the proposed distribution of profit for the year
as disclosed in the Annual Report, including the Board of Directors'
recommendation not to distribute dividend. 

The Board of Directors' proposal that it be authorised to allow the Company to
regularly acquire treasury shares up to an aggregate nominal amount of 15% of
the share capital was adopted, provided that the acquisition is made at the
market price in force at the time of purchase with a variance of plus or minus
5%. This authorisation is effective for five years until 26 March 2020. 

Richard Bunck, Peter Rasztar, Steen Gede and Ulrik Holsted-Sandgreen were
re-elected to the Board of Directors. The Board of Directors is now made up of
Richard Bunck, Peter Rasztar, Steen Gede and Ulrik Holsted-Sandgreen. 

Immediately after the Annual General Meeting, the Board of Directors elected
Richard Bunck as Chairman and Peter Rasztar as Vice-Chairman. 

As proposed by the Board of Directors, Deloitte Statsautoriseret
Revisionspartnerselskab was re-appointed as company auditor. 

Please contact Lars Nymann Andersen, CEO, at +45 40 36 26 30 for further
information. 

Yours faithfully
North Media A/S



Richard Bunck
Chairman of the Board of Directors

This document is an unofficial translation of the Danish original. In the event
of any inconsistencies the Danish version shall apply.
News Source: NASDAQ OMX



---------------------------------------------------------------------

2015-03-27 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------


Language:    English          
Company:     North Media A/S  
 
 
             Denmark          
ISIN:        DK0010270347     
 
 
End of News    DGAP News-Service  
---------------------------------------------------------------------  
338833 2015-03-27