Viva Media AG
VIVA Media AG: Settlement for Cash Compensation of EUR 13.65 expected
Ad hoc announcement §15 WpHG
Settlement expected
VIVA Media AG: Settlement for Cash Compensation of EUR 13.65 expected
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————
Settlement for Cash Compensation of EUR 13.65 in the Squeeze Out Contestation
expected
Cologne, 19 April 2005. Viacom Holdings Germany LLC and VIVA Media AG have
agreed with the shareholders who had filed lawsuits against the resolutions
passed in the extraordinary shareholders’ meeting of VIVA Media AG on January
14 2005, in particular against the resolutions on the domination agreement and
the Squeeze Out, to terminate the relevant proceedings by way of a
settlement. VIVA Media AG expects a settlement proposed by the court to be
concluded shortly. Based thereon Viacom Holdings Germany LLC will increase the
cash compensation to be paid in connection with the Squeeze Out from EUR
12.65 to EUR 13.65. The obligation of Viacom Holdings Germany LLC to pay the
increased cash compensation of EUR 13.65 per share has to be fulfilled without
undue delay following the registration of the Squeeze Out resolution in the
commercial register. VIVA Media AG will without undue delay file the Squeeze
out resolution for registration and will without undue delay following
registration publish the material content of the settlement (publication on
the amount of the cash compensation) in the electronic version of the Federal
Gazette and a mandatory exchange-journal.
Contact: VIVA Media AG. Schanzenstraße 22. D-51063 Cologne.
http://www.vivamediaag.com Investor Relations. Verena Fink. Tel.: +49(0)221-
6509-1010. ir@vivamediaag.com
VIVA Media AG
Schanzenstraße 22
51063 Köln
Deutschland
ISIN: DE0006171069
WKN: 617106
Listed: Geregelter Markt in Frankfurt (General Standard); Freiverkehr in
Berlin-Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
End of ad hoc announcement (c)DGAP 19.04.2005
191654 Apr 05
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