29.09.2016 – 12:51

Highlight Communications AG

DGAP-Adhoc: Strategic company decision

DGAP-Ad-hoc: Highlight Communications AG / Key word(s): Strategic Company
Decision
Strategic company decision

29.09.2016 / 12:48
Disclosure of an inside information according to Article 17 MAR.
The issuer is solely responsible for the content of this announcement.

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The company was informed yesterday by Constantin Medien AG, Germany, that its
Management Board and Supervisory Board have resolved a strategic shakeup  of the
Constantin Medien Group. Constantin Medien intends to focus on the segments of
Sports and Sports- and Event-Marketing. It also intends to sell the Film
segment, even against the will of the company's noncontrolling  shareholders.

Decision-making power for a sale of the Film segment lies with the company's
Board of Directors. In the past, the Board of Directors - with the exception of
D. Hahn - has firmly rejected such a strategic reorganization of the Highlight
Group, as the sale of the Film segment would give rise to considerable cluster
risks for the Highlight Group that could endanger the Highlight Group as a going
concern. The dismantling of the current Highlight Group in favor of the majority
shareholder Constantin Medien AG is seen as neither making business sense nor
being legally permissible given the apparent conflicts of interests, the
unrealistic synergy expectations, and the unforeseeable negative impact on the
remaining divisions. The disposal of entire business segments intended by the
majority shareholder - and the reassignment of management and decisionmaking
powers to the majority shareholder intended thereafter - is not in the interests
of the company or, in particular, the non-controlling shareholders, and was
therefore rejected by the Board of Directors, with the exception of D. Hahn.

Which voting rights in the company Constantin Medien AG actually holds at this
time is currently the subject of ongoing legal proceedings.

In accordance with the applicable statutory provisions on the equal treatment of
shareholders and the prudent management of the company and its Group companies,
the Board of Directors of Highlight Communications AG has an obligation to act
in the interests of all shareholders. For this reason, the Board of Directors
will take suitable measures to oppose unlawful transgressions of competences, an
endangerment of the company's earning capacity and the undermining of
non-controlling shareholders' rights in the interests of the company and its
shareholders.

For further information:

HIGHLIGHT COMMUNICATIONS AG
Investor Relations
Netzibodenstrasse 23b
CH-4133 Pratteln
Tel.: +41-61-816 96 91
E-mail:  ir@hlcom.ch

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29.09.2016  The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English

Company:  Highlight Communications AG

          Netzibodenstrasse 23b

          4133 Pratteln

          Switzerland

Phone:    +41 61 816 96 96

Fax:      +41 61 816 67 67

E-mail:    ir@hlcom.ch

Internet: www.hlcom.ch

ISIN:     CH0006539198

WKN:      920299

Listed:   Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial
Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart


End of News DGAP News Service
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