Share participation program: Axel Springer enables employees to participate directly in the company's performance




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16.03.11

Share participation program: Axel Springer enables employees to participate directly in the company's performance

To press release overview

Recognition of all-time high of earnings in 2010

The Management Board of Axel Springer AG has decided to launch a share participation program to enable employees to participate directly in the performance of the company.

"With the share participation program we are thanking our employees for the all-time high with earnings of 510.6 million euros in 2010. In future we intend to offer a program like this every year in order to further strengthen the entrepreneurial behavior", explained Dr. Mathias Döpfner, Chief Executive Officer of Axel Springer AG. The company already turned its employees into shareholders with the launch of a firstly unique bonus issue and share participation program in 2009.

The new share participation program can be attained by employees who are either entitled to profit-sharing or have concluded a target agreement in 2010. The program applies to Axel Springer AG and its domestic wholly-owned subsidiaries provided they have been totally owned by Axel Springer AG since 1 January 2010 (applies to profit-sharing) or 1 April 2010 (applies to target agreements).

Within the framework of the program, 50 or 100 percent of performance-related pay or shares in profits can be voluntarily converted into shares. The Axel Springer AG rounds up this sum with an allowance amounting to 30 or 15 percent.

All of the shares issued within the framework of the program are made available from the assets of Axel Springer AG. From the financial year 2011 on the shares carry dividend entitlements.

Press Contact Axel Springer SE: Michael Schneider
Tel: +49 30 2591 77644