Küsnacht, September 28, 2010. The board of Directors of Goldbach Media AG ("GBM") as the main shareholder of ARBOmedia AG ("ARBO") has adopted a resolution in favor of starting a squeeze-out procedure and will address a formal request to the ARBO management board.
GBM currently owns 97.6% of the share capital of ARBO, allowing this move according to German law. In order to effect the squeeze-out in ARBO, GBM intends to have a shareholder's resolution pursuant to § 327 a German Stock Corporation Act. In accordance with legal requirements, GBM will offer a fair cash compensation for each outstanding ARBO bearer share, based on an expert opinion. The fairness of such compensation will be reviewed by an expert to be selected and appointed by the comptent court of Munich.
ad-hoc disclosure
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