EM.TV’s General Meeting approves all the agenda items with a substantial majority

EM.TV - July 2006

The General Meeting of EM.TV AG in Munich today approved all the agenda items with a substantial majority. The shareholders of the media company passed all proposals of the Management and the Supervisory Board.

In addition to formally approving the actions of the Management Board and the Supervisory Board and electing the auditor for the 2006 financial year, there were several statute adjustments on the agenda.

The Management Board asserted its financial targets for the 2006 financial year at the General Meeting: A sales increase to approximately EUR 250 million (+19 percent in comparison with the previous year) and an increase in earnings before interest, taxes, depreciation and amortization (EBITDA) to a range of EUR 27 to 30 million is anticipated (at least 27 percent in comparison with the previous year).