IM Internationalmedia AG
IM Internationalmedia AG: Changes in Management – IM Internationalmedia AG withdraws application for commencement of insolvency proceedings – Changes in Supervisory Board
IM Internationalmedia AG / Miscellaneous Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Munich, December 24, 2008 – The Supervisory Board of IM Internationalmedia AG recalls Sascha R. Prestel with resolution as of December 23, 2008 as member of the Management Board of the Company. Simultaneously the Supervisory Board has reinstated Mr. Konstantin Thoeren in his formerly held position as CEO (Vorstandsvorsitzender) and as member of the Management Board of IM Internationalmedia AG. Mr. Frederick Ulrich will be added as member of the Management Board (Vorstand) in the company by the Supervisory Board and therefore the company returns to dual leadership. Both Konstantin Thoeren and Frederick Ulrich will represent IM Internationalmedia AG alone. Immediately after reinstatement as new CEO (Vorstandvorsitzender) Konstantin Thoeren has informed the Court of Registry that the company is withdrawing the application for commencement of insolvency proceedings that had been submitted on August 19, 2008. The withdrawal was made following an exercise of options under the IM Internationalmedia warrant bond and payment of capital contributions by IM Acquisition Company, LLC against the issuance of new shares, enabling the company to pay its due obligations. Oliver Kächele, member of the Supervisory Board, resigns as of December 31, 2008 for personal reasons. Contact IM Internationalmedia AG Investor Relations Fon: +49 (89) 98 107 100 Fax: +49 (89) 98 107 199 E-Mail: info@internationalmedia.de 24.12.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: IM Internationalmedia AG Kaulbachstrasse 1 80539 München Deutschland Phone: +49 (0)89 98107-100 Fax: +49 (0)89 98107-199 E-mail: info@internationalmedia.de Internet: www.internationalmedia.de ISIN: DE000A0STYJ1, DE000A0STT18 WKN: A0STYJ, A0STT1 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart, Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
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