News

ProfMedia group acting through its holding company PM Invest Company Limited (“ProfMedia”) announces the acquisition of 2,006,522 shares of Rambler Media Limited (“Rambler”) from ING Bank N.V., London Branch (“ING”). ProfMedia now holds 13,554,758 shares in Rambler, or 88.03% of the issued share capital of Rambler. The shares were acquired at a price of USD 6.00 per share, for a total value of USD 12,039,132.

Rambler Media Limited (RMG.LN) today announces that an Extraordinary General Meeting (“EGM”) will be held at First Island House, Peter Street, St Helier, Jersey JE4 8SG, on Monday 21 December 2009 at 10.00 a.m. to seek approval from Shareholders of the Company for the cancellation of admission of the Company's Ordinary Shares of US$0.01 each to trading on AIM (the “De-Listing”) following a request received from PM Invest.

On 17 November at an ITAR-TASS press conference, ProfMedia Broadcasting Corporation (PMBC) and Russian MediaGroup (RMG) officially announced the creation of a united sales unit that will work on selling advertising opportunities for both large broadcasting holdings.

Further to the announcement made by ProfMedia group acting through its holding company PM Invest Company Limited (“ProfMedia”) on 11 November  2009, ProfMedia hereby announces the results of the reverse accelerated bookbuild (“reverse ABB”) to purchase shares in Rambler Media Limited (RMG.LN, “Rambler”), the holding company of the Russian based internet media and services group.

The ProfMedia group acting through its holding company PM Invest Company Limited (“ProfMedia”) today launches a reverse accelerated bookbuild (“reverse ABB”) to purchase shares in Rambler Media Limited (RMG.LN, “Rambler”), the Russian based internet media and services group.

Roman Sarkisov is the Acting General Director of MTV Russia, which he will combine with his current position as General Director of the 2x2 television channel.

Radio stations Energy and Humor FM, part of ProfMedia, have been awarded the highest Russian professional awards in the area of branding, Brand of the Year/EFFIE 2008. ProfMedia’s stations won in the category ‘media’.

n Kiev, Radio Alla will be broadcast on 99.4 FM.

Vladimir Bortko’s historical blockbuster Taras Bulba had a successful opening. Russian box office returns for April 2-5 totaled 215.7 million rubles, and in Ukraine the film took 23 million rubles. In just four days, 1.5 million people went to see this epic motion picture.

ProfMedia Broadcasting Corporation Vice President in charge of public and international relations, Yuri Kostin, has become member of the advisory council of the European conference of the National Association of Broadcasters (NAB).