Dirk Ströer
Jun 04, 2012 2:23 PM
Notification concerning transactions by persons performing managerial
responsibilities pursuant to section 15a of the WpHG
Directors' Dealings notification transmitted by DGAP - a company of EquityStory AG.
The person with duty of notification is solely responsible for the content
of this announcement.
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Details of the person subject to the disclosure requirement
Last name: Ströer
First name: Dirk
Company: Ströer Out-of-Home Media AG
Position: Member of an administrative or supervisory body
Information about the transaction with duty of notification
Description of the financial instrument: Share
ISIN/WKN of the financial instrument: DE0007493991
Type of transaction: Sale
Date: 31.05.2012
Price: 8.00
Currency: EUR
No. of items: 1300000
Total amount traded: 10400000.00
Place: over the counter
Explanation for publication:
On May 31, 2012, Dirk Ströer, one of the two main shareholders and member
of the supervisory board of Ströer Out-of-Home Media AG, sold 1.3 million
shares representing 3.1% of the issued and outstanding shares of the
Company to funds managed by Third Point LLC, a New York based investement
firm. The sale by Dirk Ströer of a minor proportion of his shareholding is
for personal reasons only in connection with a loan repayment. The
management of Ströer Out-of-Home Media AG welcomes the share deal as it
adds a further institutional investor to the existing shareholder base of
the Company and also leads to an increase of the free float from previously
43.4% to 46.5%.
Information about the company with duty of publication
Issuer: Ströer Out-of-Home Media AG
Ströer Allee 1
50999 Köln
Deutschland
ISIN: DE0007493991
WKN: 749399
End of Directors' Dealings Notification
(c) DGAP 04.06.2012
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