Brief: Highlight Communications to sell Highlight Event & Entertainment AG

Highlight Communications AG

02/02/2016 15:32

Feb 2 (Reuters) - Highlight Communications AG  HLGZ.DE : 
    * Sale of shares in Highlight Event & Entertainment AG 
 HLEE.S  
    * Resolved to sell entire stake of 1.31 million shares 
(75.4 pct) in Highlight Event & Entertainment AG to Bernhard 
Burgener, chairman of board of directors and CEO 
    * Total sales price will be 18.28 million Swiss francs  
($17.93 million), corresponding to a value of 14.00 Swiss francs 
per share in Highlight Event & Entertainment AG 
    * Resolved to no longer pursue activities detailed in 
annual report in "Other Business Activities" segment 
    * Intends to sell non-controlling interests (including 
those held indirectly) in Paperflakes AG, Holotrack AG And 
Equity Investment In Pulse Evolution to Highlight Event & 
Entertainment AG 
    * Implementation of these disposals is planned for Q1 of 
2016 
 
Source text for Eikon:  ID:nEQ7ynyT3a  
Further company coverage:  HLGZ.DE  
 
($1 = 1.0194 Swiss francs) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))