DISCLOSURE OF AN INSIDE INFORMATION PURSUANT TO ARTICLE 17 MAR OF THE REGULATION (EU) NO. 596/2014: Ad-hoc-notification pursuant to § 15 WpHG ProSiebenSat.1 Media SE makes provisions for additional tax payments relating to former Swedish business activities
Unterföhring, 13 May 2016. The Executive Board of ProSiebenSat.1 Media SE was informed yesterday late evening that the appeal of a subsidiary of the Company against a first instance decision of a Swedish finance court was turned down by the appellate court. Subject matter of the dispute were additional tax payments for the years 2008 to 2013 which were imposed in connection with a tax audit of the Swedish business activities sold already back in 2013. For the respective additional tax payments totaling to the equivalent of approximately EUR 40 Mio. (including interest and tax penalties), the Company will make provisions in the same amount in the second quarter which will impact accordingly the Group’s consolidated income after taxes of the current fiscal year. The provisions have to be shown as part of the income after taxes from discontinued operations. The Group’s profit from continuing operations and the Group’s underlying net income which is relevant for the dividend policy, as well as the positive outlook for 2016 are not affected thereby.