Brief: Highlight Event And Entertainment: EGM resolves an ordinary capital increase

Highlight Event and Entertainment AG

02/05/2017 14:24

May 2 (Reuters) - Highlight Event And Entertainment AG 
 HLEE.S : 
    * Extraordinary shareholders' meeting resolves an ordinary 
capital increase and the extension and increase of the 
authorized share capital 
    * Shareholders' meeting approved proposed ordinary capital 
increase from currently 15,592,500 Swiss francs  ($15.69 
million)to maximum 62,370,000 francs with 99.98% 
    * Issuance of up to 5,197,500 fully paid-up bearer shares 
with a nominal value of CHF 9 each 
    * Hlee shares shall be paid up as follows: (i) 2,473,521 
HLEE shares by a contribution in kind of a total of 15,076,308 
individual shares of constantin medien ag 
    * 1,070,000 hlee shares shall be paid up by an offsetting 
with an offsettable loan claim of CHF 16,050,000 and 
    * Subscriptions rights of current shareholders will be 
granted; each issued share will entitle its holder to subscribe 
for three new hlee shares at subscription price 
    * Up to 1,653,979 hlee shares shall be paid up in cash, each 
with a subscription price of presumably CHF 15 
    * Provided that ordinary capital increase of at least 
3,500,000 hlee shares is implemented, board of directors will 
additionally be authorized to increase company's share capital 
by max of 2,538,426 HLEE shares until 2 May 2019 
 
Source text for Eikon:  ID:nEQ5StxV7  
Further company coverage:  HLEE.S  
 
($1 = 0.9937 Swiss francs) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 722 0920;))