Brief: Highlight Event and Entertainment Executes Capital Increase, Concludes Framework Agreement

Highlight Event and Entertainment AG

27/11/2017 17:39

Nov 28 (Reuters) - HIGHLIGHT EVENT AND ENTERTAINMENT AG 
 HLEE.S : 
    * SAID ON MONDAY EXECUTES CAPITAL INCREASE / CONCLUDES A 
FRAMEWORK 
AGREEMENT 
    * ISSUANCE OF 2.4 MILLION NEW SHARES FROM AUTHORIZED CAPITAL 
AT A 
PRICE OF EUR 13.043 PER SHARE 
    * STUDHALTER INVESTMENT AG THUS ACQUIRES 28.7% OF HIGHLIGHT 
EVENT 
UND ENTERTAINMENT AG 
    * TRANSACTION WILL GENERATE PROCEEDS OF APPROXIMATELY EUR 32 
MILLION 
    * IN ADDITION TO THE PURCHASE OF THE NEW SHARES, STUDHALTER 
INVESTMENT GRANTS HIGHLIGHT EVENT AND ENTERTAINMENT A LOAN OF 
APPROXIMATELY EUR 51 MILLION 
 
Source text for Eikon:  ID:nEQcdqh6Xa  
Further company coverage:  HLEE.S  
 
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