As announced in March 2006 during the presentation of its annual figures for 2005, Telegraaf Media Groep N.V. (TMG) is investigating the possibility of a share buy-back in 2006 depending on the size and realisation of possible acquisitions and the trend in its share price.
TMG’s Executive Board was authorised to take such steps during TMG’s Annual General Meeting of Shareholders on 19 April 2006. Their authorisation included the option of repurchasing all listed and unlisted shares as well as depositary receipts issued for such shares for a price not lower than their nominal value and not higher than 10% above their average closing price on the five trading days before the share buy-back. The entire transaction was capped at 10% of the issued capital.
Accordingly, Telegraaf Media Groep announces that it bought back 248,000 of its own shares on 26 April 2006 for a total of about € 5.5 million (€ 22 per share). The purchase reflects 0.5% of its issued capital