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PSM Prosiebensat 1 Media SE News Story

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Brief: PPF sells ProSiebenSat.1 stake to MFE

Aug 27 (Reuters) - Prosiebensat 1 Media SE PSMGn.DE:

PPF HAS DECIDED TO TENDER ITS 36,539,628 SHARES,  APPROXIMATELY 15.68% OF PROSIEBENSAT.1’S OUTSTANDING SHARE CAPITAL, INTO MFE-MEDIAFOREUROPE’S (“MFE”) OFFER - PPF STATEMENT

PPF SAYS PPF’S LIMITED ACCEPTANCE MAKES IT IMPOSSIBLE FOR PPF TO CONTINUE ITS ORIGINAL ROLE AS A STRATEGIC INVESTOR

PPF SAYS WITH ALREADY MORE THAN 43% OF PROSIEBENSAT.1 VOTING RIGHTS, MFE’S SHAREHOLDING IS VERY LIKELY SUFFICIENT TO SECURE A SIMPLE MAJORITY AT EVERY PROSIEBENSAT.1 SHAREHOLDER MEETING

Further company coverage: [PSMGn.DE]

 (reporting by Jan Lopatka in Prague)

 ((prague.newsroom@thomsonreuters.com; +420 234 721 614;))

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