Overwhelming support at the first General Meeting of Ströer Out-of-Home Media AG since IPO

At the ordinary General Meeting of Ströer Out-of-Home Media AG, which took place today in Cologne, all of the proposals of the Supervisory and Executive Boards were adopted by majority votes of over 90 percent.
A total of 35 million no-par shares were represented at the AGM. This figure corresponds to around 83,5 percent of the company’s capital stock.

“Ströer AG’s strategy is focused on sustainably increasing our value in Europe. We view our stock-market listing as both an expression of our ambition and as a challenge, and we will continue our dedicated, fo-cused work on making Ströer-Out-of-Home Media AG an attractive name on the capital market in the long run,” said Udo Müller, CEO of Ströer-Out-of-Home Media AG, at the AGM.

As proposed by the company’s management, net profit of approximately EUR 40 million was allocated to the retained earnings and partly carried forward to new account. The actions of the members of the Executive and Supervisory Boards were fully approved for the 2010 fiscal year.

Dr. Wolfgang Bornheim, Dietmar Peter Binkowska and Dieter Keller were voted to the Supervisory Board for a further five years. In line with the rec-ommendation of the audit committee, the General Meeting voted to appoint Ernst & Young GmbH as auditors of the annual financial statements and con-solidated financial statements for the 2011 fiscal year.