SBS Broadcasting Announces Date for Extraordinary General Meeting of Its Shareholders to Consider the Acquisition by Permira and
August 24 2005 - 5:25PM
PR Newswire (US)
LUXEMBOURG, Aug. 24 /PRNewswire-FirstCall/ -- SBS Broadcasting S.A.
(Nasdaq: SBTV; Euronext Amsterdam N.V.: SBS) announced today that
it plans to hold the Extraordinary General Meeting of its
shareholders to consider the proposed acquisition of SBS by an
entity controlled by funds advised by Permira Beteiligungsberatung
GmbH and funds advised by Kohlberg Kravis Roberts & Co. L.P. on
October 3, 2005 in Luxembourg. The record date for shareholders to
vote at the Extraordinary General Meeting is August 24, 2005. All
shareholders of record at the close of business today will be
entitled to vote at the Extraordinary General Meeting and any
postponements or adjournments thereof. SBS plans to mail to all
persons who are shareholders of record on the record date a
shareholders' circular containing additional information regarding
the proposed acquisition and matters to be considered at the
Extraordinary General Meeting. The shareholders' circular will be
mailed during the week of August 29 or soon thereafter.
Forward-Looking Statements The statements in this press release
regarding the expected date of the Extraordinary General Meeting
and the timing for mailing of the shareholders' circular are
forward-looking. The date for the Extraordinary General Meeting
could be changed, and the timing for the mailing of the
shareholders' circular may change. If the date for the
Extraordinary General Meeting is changed then SBS will make an
announcement. About SBS Broadcasting S.A. SBS is a European
commercial television and radio broadcasting company with
operations in Western and Central Europe. Countries where SBS
currently has broadcasting assets include: Belgium (Flanders),
Denmark, Finland, Greece, Hungary, The Netherlands, Norway, Romania
and Sweden. For further information visit:
http://www.sbsbroadcasting.com/ DATASOURCE: SBS Broadcasting S.A.
CONTACT: Investors - Chris Plunkett or Jon Lesko, Brainerd
Communicators, +1-212-986-6667; Press - Jeff Pryor, Pryor &
Associates, +31-62-886-2545 Web site:
http://www.sbsbroadcasting.com/
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