Munich, July 27th, 2007. Prime Standard listed CTS EVENTIM AG (ISIN DE0005470306) makes use of the authorization to buy back shares. Suspending the previous authorization, the Annual General Meeting of CTS EVENTIM AG on June 8th, 2007 had decided to give new authorization to buy back shares up to 10% of the registered capital (i.e. up to 2,400,000 shares) on or before December 7th, 2008. When bought via the stock exchange, the paid price per share may not be more than 10% higher or lower than the rate determined by the opening auction at the XETRA trade of the Deutsche Boerse AG.
Based on the authorization of June 8th, 2007, the CTS EVENTIM Executive Board decided today to buy back, starting today and until December 31st, 2007, up to 1,000,000 shares via the stock exchange, representing some 4.17% of the total existing 24.000.000 shares.
The shares bought back shall be used based on the current authorization for purchase price or equity payments in future acquisitions, mergers and purchase of participations.