Highlight Event and Entertainment AG
EQS-Adhoc: Acquisition of Highlight Event and Entertainment AG's holding in Highlight Communications AG can be carried out
EQS Group-Ad-hoc: Highlight Event and Entertainment AG / Key word(s): Investment
Acquisition of Highlight Event and Entertainment AG's holding in Highlight
Communications AG can be carried out
28-Sep-2017 / 18:21 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.
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In its ad hoc-announcement dated June 12, 2017, Highlight Event and
Entertainment AG ("HLEE") provided information about the resolution of the
supervisory board regarding the acquisition of a holding of 25% in Highlight
Communications AG ("HLC"), a Swiss company listed on the Frankfurt Stock
Exchange, within the framework of a capital increase utilising authorised
capital. However, the registration of this capital increase at the competent
Commercial Register had been blocked by a registration ban to date.
In a ruling received today, the Cantonal Court of Basel-Landschaft, as Court of
Appeal, lifted the registration ban against the capital increase of Highlight
Communications AG ("HLC") announced on June 12, 2017, and instructed the
Commercial Register to promptly carry out the registration. The ruling of the
Cantonal Court, which upheld the decision of the court of first instance in its
entirety, is immediately enforceable. Constantin Medien AG ("CMAG") had applied
for the registration ban. CMAG has stated that it would not file further legal
remedies against the decision of the Cantonal Court.
With HLC's capital increase and following the conclusion of placement, HLEE will
acquire a holding of 25% in HLC at a price of around EUR 81.9 million.
Contact:
Highlight Event and Entertainment AG
Netzibodenstrasse 23b
4133 Pratteln
Investor Relations
Tel.: +41 41 226 05 97
Fax: +41 41 226 05 98
info@hlee.ch
http://www.hlee.ch
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End of ad hoc announcement------------------------------------------------------
Language: English
Company: Highlight Event and Entertainment AG
Netzibodenstrasse 23b
4133 Pratteln
Switzerland
Phone: +41 41 226 05 97
Fax: +41 41 226 05 98
E-mail: info@hlee.ch
Internet: www.hlee.ch
ISIN: CH0003583256
Valor: 896040
Listed: SIX Swiss Exchange
End of Announcement EQS Group News Service
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614225 28-Sep-2017 CET/CEST