DGAP-Adhoc: Axel Springer AG intends placement of own shares simultaneously with a block of shares held by Deutsche Bank AG

Axel Springer AG / Transaction in Own Shares/Letter of Intent

23.04.2010 09:51 

Dissemination 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.

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Ad-hoc-Announcement pursuant to Section 15 WpHG

Axel Springer AG intends placement of own shares simultaneously with a
block of shares held by Deutsche Bank AG

Axel Springer AG intends to place a total number of up to approximately
2.93 million own shares (approximately 8.9% of the share capital) to
institutional investors. The placement of these shares is to be implemented
simultaneously with the placement of a block of shares consisting of a
total number of up to approximately 2.75 million shares in Axel Springer AG
(approximately 8.3% of the share capital) held by Deutsche Bank AG. The
Management Board and the Supervisory Board of Axel Springer resolved on an
approval in general of the intention to perform such placement of own
shares in a joint meeting today. It is currently intended to perform such
placement within the current quarter of the year.

In total the intended placement therefore includes up to approximately 5.68
million shares; that corresponds to approximately 17.2 % of the share
capital of Axel Springer AG. In case such placement is executed entirely,
from a today's perspective the free float in the company's shares will be
increased from approximately 23% to beyond 40%. The placement of the shares
held by Axel Springer AG itself will be based on a respective authorization
by the Shareholders' Meeting that authorizes Axel Springer AG to issue own
shares against cash with the exclusion of preemptive rights of the
shareholders and that is to be renewed on today's shareholders' meeting.

The decision to place the company's own shares and the details thereon are
subject to appropriate market conditions at the time the transaction is
performed.

Berlin, April 23, 2010

Axel Springer Aktiengesellschaft
Axel-Springer-Straße 65
D-10888 Berlin

ISIN: DE0005501357; DE0005754238
WKN: 550 135; 575 423

Listed: Regulated Market in Frankfurt am Main (Prime Standard); unofficial
market (Freiverkehr) in Berlin-Bremen, Düsseldorf, Hamburg, Munich and
Stuttgart

Disclaimer: This announcement is a mandatory announcement pursuant to
Section 15 German Securities Trading Act (WpHG). Neither this announcement
nor the information contained therein constitute an offer to sell or a
solicitation for an offer to purchase any securities. In particular, this
announcement and the information contained therein does not constitute an
offer to sell or a solicitation for an offer to purchase any securities in
the United States of America. The distribution of this announcement as well
as an offer or sale of securities of Axel Springer AG can be subject to
certain legal limitations in certain legal systems. Persons that read this
announcement should seek information about those limitations and should
comply with them. The securities mentioned herein have not been and will
not be registered under the U.S. Securities Act of 1933 (as amended) and
they may not be offered or sold in the United States absent registration or
an applicable exemption from registration requirements.




Investor Relations Contact
Claudia Thomé
+49 (0)30 2591-77421
claudia.thome@axelspringer.de






23.04.2010 09:51 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]

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Language:     English
Company:      Axel Springer AG
              Axel-Springer-Straße 65
              10888 Berlin
              Deutschland
Phone:        +49 (0)30 2591-77421
Fax:          +49 (0)30 2591-77422
E-mail:       ir@axelspringer.de
Internet:     www.axelspringer.de
ISIN:         DE0005501357, DE0005754238
WKN:          550135, 575423
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, München, Hannover, Düsseldorf, Hamburg, Stuttgart
 
End of News                                     DGAP News-Service
 
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