Ad-hoc | 28 July 2017 17:33


_wige MEDIA AG sells _wige SOUTH&BROWSE gmbh

_wige MEDIA AG / Key word(s): Disposal

28-Jul-2017 / 17:33 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Disclosure of insider information pursuant to Article 17 MAR

_wige MEDIA AG sells _wige SOUTH&BROWSE gmbh

Cologne, 28.07.2017: _wige MEDIA AG today signed an agreement for the sale of its subsidiary _wige SOUTH&BROWSE gmbh based in Munich to All3Media Deutschland GmbH. The completion of the transaction is still subject to approval, in particular by the anti-trust authority. Proceeds of around EUR 1.1 million (preliminary purchase price) are likely to be generated from the sale. _wige MEDIA AG expects to receive funds of EUR 700,000 from the sale and record a book profit of EUR 600,000. Following the company’s strategic realignment, the area of factual entertainment is no longer part of its core business. _wige MEDIA AG intends to grow in future in the scalable digital business, in the high-margin international project business, as well as in business with live events. Completion of the transaction has been planned for the second half of 2017.




Contact:
Company:
_wige MEDIA AG
Am Coloneum 2
50829 Köln
Germany
www.wige.de
Tel: +49 [0] 221_7 88 77_ 0
Fax: +49 [0] 221_7 88 77_ 199 Email: info@wige.de

Investor Relations:
BSK Becker+Schreiner Kommunikation GmbH
Tobias M. Weitzel
Tel.: +49 [0] 2154_ 81 22 16
Email: weitzel@kommunikation-bsk.de

28-Jul-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: _wige MEDIA AG
Am Coloneum 2
50829 Köln
Germany
Phone: +49 (0)221 7 88 77 0
Fax: +49 (0)221 7 88 77 199
E-mail: info@wige.de
Internet: www.wige.de
ISIN: DE000A1EMG56
WKN: A1EMG5
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange

End of Announcement DGAP News Service

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