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RTL Group announces launch of public share buyback offer for the acquisition of up to 4,000,000 RTL Group shares

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RTL Group announces launch of public share buyback offer for the acquisition of up to 4,000,000 RTL Group shares
  • RTL Group has set the price range at €30.85 to €37.85 per share; anchor point is the current share price level of €34.35, with a range of plus/minus approximately 10 per cent
  • – RTL Group’s majority shareholder Bertelsmann has committed to tender 2,000,000 shares
  • – The acceptance period will start on 4 September 2025 and end on 12 September 2025
  • – Treasury shares can be used to settle fully or partially the potential variable consideration for the acquisition of Sky Deutschland (DACH)
  • – More information on the public share buyback offer available under RTL.com/sharebuyback

Luxembourg, 3 September 2025 – RTL Group today announced that it is launching a voluntary public offer for buying back a volume of up to 4,000,000 RTL Group shares, without nominal value, for a cash consideration in the amount of at least €30.85 and no more than €37.85 per share. This reflects the current share price level of €34.35 (closing price of 3 September 2025 on Xetra, the regulated market of the Frankfurt Stock Exchange) with a range of plus/minus approximately 10 per cent. The targeted volume of 4,000,000 RTL Group shares represents 2.58 per cent of the Group’s existing share capital.

Reasons for the share buyback offer

On 27 June 2025, RTL Group announced the acquisition of Sky Deutschland (DACH). The purchase price consists of €150 million in cash and a variable consideration linked to RTL Group’s share price performance. The variable consideration can be triggered by Comcast, Sky’s parent company, at any time within five years after closing, provided that RTL Group’s share price exceeds €41, subject to certain adjustments. The variable consideration is capped at €377 million in total. RTL Group has the right to settle the variable consideration in RTL Group shares or cash or a combination of both.

The share buyback offer will allow RTL Group to build a portfolio of treasury shares which it can use to fully or partially settle the potential variable consideration for the acquisition of Sky Deutschland, or as compensation for other future acquisitions.

Overview of the share buyback offer

Following the expiry of the acceptance period, RTL Group will determine the final number of shares for which it will accept valid tenders, in accordance with the terms set out in the offer document. This will determine the final purchase price, which will be equal to the lowest price within the given price range, at which RTL Group can, based on the tenders received, purchase the final number of shares as determined by RTL Group.

RTL Group’s shareholders are invited to tender all or part of RTL Group’s shares held by them by either specifying a price within the given price range or with no specified price, in which case they commit to sell their tendered shares at the final purchase price as determined after expiry of the acceptance period. There is no guarantee that all or part of the shares validly tendered will be accepted under the offer, as detailed in the offer document.

It is expected that the offer document for the share buyback offer will be published on 3 September 2025. The acceptance period will start on 4 September 2025, 09:00 (CEST) and end on 12 September 2025, 16:00 (CEST).

Further details on the public share buyback offer can be found in the offer document, which will be published on RTL Group’s corporate website under www.RTL.com/sharebuyback, prior to the commencement of the offer period.

RTL Group’s majority shareholder Bertelsmann has, pursuant to an irrevocable undertaking, committed to validly tender 2,000,000 RTL Group shares at the final purchase price determined by RTL Group. Bertelsmann currently holds 76.3 per cent of RTL Group’s share capital. The shares validly tendered by Bertelsmann will be accepted and purchased by RTL Group in accordance with the same terms and conditions as apply to all other shareholders as set out in the offer document.

Disclaimer

This announcement is for information purposes only and does not constitute an invitation to sell, or an offer to purchase securities. The final terms and further provisions regarding the public share buyback offer will be disclosed in the offer document.

This release may not be published, distributed, or transmitted in the United States, Canada, Australia, or Japan. This release is not directed to or intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality, state, country, or other jurisdiction where such distribution, publication, availability, or use would be contrary to law or regulation, or which would require any registration or licensing within such jurisdiction.

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Contact

Oliver Fahlbusch

Executive Vice President Communications & Investor Relations, RTL Group

+352 / 24 86 5200

oliver.fahlbusch@rtl.com

Irina Mettner-Isfort

Vice President Media & Investor Relations, RTL Group

+49 221 456 56410

irina.mettner.isfort@rtl.com