- Attendance at first completely virtual Annual General Meeting amounted to 93.95 percent of share capital represented
- Shareholders discharge the Management Board and the Supervisory Board with 99.76 percent each
- Olaf Schröder, CEO of Sport1 Medien AG:„We have so far coped well with the challenges of this crisis year, even though the pandemic has of course left its mark. On the plus side in 2020, for example, is our great success in the awarding of the Bundesliga soccer rights and, in the high-potential esports segment, the launch of our pan-European channel eSportsONE.“
Ismaning, December 9, 2020 – At the first Annual General Meeting since the renaming of the Group in January this year, the shareholders of Sport1 Medien AG followed the proposals of the Management Board and the Supervisory Board today with clear majorities. The Supervisory Board led by Dr Paul Graf and the Management Board consisting of Olaf Schröder (CEO) and Dr Matthias Kirschenhofer were each discharged with 99.76 percent of the voting rights. A total of 93.95 percent of the share capital was represented at the Annual General Meeting, which was conducted exclusively virtually due to the COVID 19 pandemic.
The profit transfer agreement (in German: Gewinnabführungsvertrag) to be concluded between Sport1 Medien AG as the controlling company and Sport1 Holding GmbH as the dependent company, as proposed by the Management and Supervisory Boards, was approved by the shareholders with a 99.83 percent share. The necessary approval by the shareholders‘ meeting of Sport1 Holding GmbH has been granted, too.
The shareholders appointed PriceWaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, Munich, also representing 99.83 percent of the capital represented at the Annual General Meeting, as auditors and Group auditors for the 2020 financial year.
Olaf Schröder, CEO of Sport1 Medien AG: „The COVID 19 pandemic has had and continues to have an incisive impact on sports. This cannot remain without consequences for a group like SPORT1 MEDIEN. We have so far coped well with the challenges of this crisis year, even though the pandemic has of course left its mark. On the plus side in 2020, for example, is our great success in the awarding of the Bundesliga soccer rights and, in the high-potential esports segment, the launch of our pan-European channel eSportsONE. With our companies, we are excellently positioned to achieve sustained success in the national and international sports media market despite adverse conditions.“
About SPORT1 MEDIEN Group
Sport1 Medien AG is an internationally operating media company based in Ismaning, near Munich, Germany. With its subsidiaries Sport1 GmbH, Magic Sports Media GmbH, Match IQ GmbH, PLAZAMEDIA GmbH and LEITMOTIF Creators GmbH, SPORT1 MEDIEN Group covers the entire value chain in the sports sector: SPORT1 as the leading 360° sports platform in the German-speaking region with its TV, online, mobile, audio und social media channels, MAGIC SPORTS MEDIA as a marketing company in the betting, poker and casino sectors, Match IQ as the full-service sports event and consulting agency for associations, leagues and clubs for internationalization, match day management and the organization of friendly matches, tournaments, training camps and trips abroad, PLAZAMEDIA as the leading content solutions provider in the sports and entertainment area for all media channels and LEITMOTIF as consulting unit and provider of integrated communication solutions for companies and brands. This market positioning offers unique opportunities for customers and partners, including advertising companies and agencies, media houses, platform providers, sports associations, leagues and clubs.
Sport1 Medien AG
Head of Communication
Phone: +49 (0) 89 99 500 461
Fax: +49 (0) 89 99 500 466
NewMark Finanzkommunikation GmbH
Phone: +49 (0) 69 94 41 80 63
Further information on the SPORT1 MEDIEN Group is available on the Group website at www.sport1-medien.de.
Attached please find a photo of Olaf Schröder as well as the company logo of Sport1 Medien AG for free editorial use (Source: SPORT1 MEDIEN).