Brief: Highlight Event and Entertainment invests in 5EL

Youngtimers AG

21/07/2017 06:38

July 21 (Reuters) - HIGHLIGHT EVENT AND ENTERTAINMENT AG 
 HLEE.S : 
    * SAID ON THURSDAY RESOLVED TO ACQUIRE A FURTHER 544,409 
NO-PAR VALUE SHARES (17.49%) IN 5EL SA 
    * INSTEAD OF A CASH PAYMENT, THE COMPANY HAS TAKEN THE 
OPPORTUNITY TO OFFSET THE PURCHASE PRICE AGAINST THE LOAN 
RECEIVABLE FROM HIGHLIGHT VENTURE CORP. (USA) 
    * PURCHASE PRICE FOR THE SHARES IN 5EL SA AMOUNTED TO CHF 
3,941,521 
    * FOLLOWING THE TRANSACTION, THE COMPANY HAS A 19.99% 
FINANCIAL INVESTMENT IN 5EL SA (POST RESTRUCTURING AND CAPITAL 
INCREASE) 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEQ6h7F1Da 
     
 Further company coverage:  HLEE.S   
    
 
 
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