EQS-News: Simplification of Group structure: Squeeze-out Sport1 Medien AG and increase of stake in Highlight Communications AG

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Highlight Communications AG, a company of the HLEE Group, has almost completed the preparations for a squeeze-out of the minority shareholders of Sport1 Medien AG under stock corporation law.

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Provider:

EQS

Retrieved on:

Lunedì, Ottobre 25, 2021

Information

Tags:

Entertainment, Social group, EUR, Communication, Marketing

⚠ generated by AI ↴

Organisation:

HIGHLIGHT EVENT AND ENTERTAINMENT AG

Sommario

Key Points:

Highlight Communications AG, a company of the HLEE Group, has almost completed the preparations for a squeeze-out of the minority shareholders of Sport1 Medien AG under stock corporation law.
A resolution on the squeeze-out is to be passed at a general meeting of Sport1 Medien AG, which is expected to take place on 14 December 2021.
Highlight Communications AG, which currently already holds more than 95% of the share capital of Sport1 Medien AG, will become the sole shareholder of Sport1 Medien AG when the squeeze-out takes effect.
In this context, Highlight Event and Entertainment AG is also taking advantage of opportunities to increase its stake in Highlight Communications AG.

EQS Group-News: Highlight Event and Entertainment AG

/ Key word(s): Miscellaneous

Simplification of Group structure: Squeeze-out Sport1 Medien AG and increase of stake in Highlight Communications AG

25.10.2021 / 07:00

Press release

Pratteln, 25 October 2021

Simplification of Group structure: Squeeze-out Sport1 Medien AG and increase of stake in Highlight Communications AG

Highlight Communications AG, a company of the HLEE Group, has almost completed the preparations for a squeeze-out of the minority shareholders of Sport1 Medien AG under stock corporation law.

A resolution on the squeeze-out is to be passed at a general meeting of Sport1 Medien AG, which is expected to take place on 14 December 2021.

Highlight Communications AG, which currently already holds more than 95% of the share capital of Sport1 Medien AG, will become the sole shareholder of Sport1 Medien AG when the squeeze-out takes effect. This will contribute to a further simplification of the Group structure.

In this context, Highlight Event and Entertainment AG is also taking advantage of opportunities to increase its stake in Highlight Communications AG. It therefore intends to acquire a larger block of shares in Highlight Communications AG from an independent third party at a price of EUR 4.50 per share.

Contact:

Highlight Event and Entertainment AG

Netzibodenstrasse 23b

4133 Pratteln

Investor Relations

Tel.: +41 41 226 05 97

Fax: +41 41 226 05 98

[email protected]
http://www.hlee.ch

End of Media Release

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:	[email protected]
Internet:	www.hlee.ch
ISIN:	CH0003583256
Valor:	896040
Listed:	SIX Swiss Exchange
EQS News ID:	1243029


End of News	EQS Group News Service

1243029 25.10.2021