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03/06/2002 - ARBOmedia AG gets permission for Prime Standard
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Munich, 20th January 2003 ARBOmedia AG, the leading independent marketer of advertising space for TV and online in Europe, got the permission to place their shares in the quality segment Prime Standard. Since its quotation in May 2000, the company has already been fullfilling all transparency requirements which are defined for the Prime Standard, such as quarterly reports, application of international accounting standard or ad hoc reporting obligation. Moreover, the ARBOmedia AG as a European-wide operating company, sets high value on positioning itself also towards international investors. In addition, the confidence of investors can continuously be strengthened through the quotation in the Prime Standard. "With its services, ARBOmedia concentrates on the emerging markets in Central and Southeastern Europe and at the same time invests in the lucrative Western European markets. In these countries there is promising potential, so that we can expect to step by step realize our goals - especially the steady improvement of all revenue key figures", Management Board Spokesman Dr. Harald Albrecht states.
Furthermore, the ARBOmedia AG substantially follows the recommendations of the Government Commission with regards to the German Corporate Governance Code. With the Code, the rules effective in Germany regarding the company's management and supervision, shall be made transparent to national and international investors, in order to strengthen the confidence in the leadership of German companies. The declaration of compliance by the Board and the Supervisory Board can be looked into on the website www.arbomedia.net.
About ARBOmedia: With 8 subsidiaries, the ARBOmedia AG is Europe's largest independent sales house for electronic advertising space. In total, ARBOmedia has a media portfolio of 35 TV stations, 25 radio stations, 450 websites as well as various print titles and out of home media.
For further information, please contact:
Gregor Battistini Investor Relations ARBOmedia AG Tel. 089/38356-0 ir@arbomedia.net |
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