Ad-hoc | 20 July 2017 19:00
Highlight Event and Entertainment AG invests in 5EL SA
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Highlight Event and Entertainment AG / Key word(s): Investment
The Board of Directors of Highlight Event and Entertainment AG (the “Company”) has resolved to acquire a further 544,409 no-par value shares (17.49%) in 5EL SA, a Lausanne-based company listed on the SIX Swiss Exchange. 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). The purchase price for the shares in 5EL SA amounted to CHF 3,941,521. The acquisition was a non-cash transaction. Following the transaction, the Company has a 19.99% financial investment in 5EL SA (post restructuring and capital increase).
Contact information
End of ad hoc announcement |
| 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: | info@hlee.ch |
| Internet: | www.hlee.ch |
| ISIN: | CH0003583256 |
| Valor: | 896040 |
| Listed: | SIX Swiss Exchange |
| End of Announcement | EQS Group News Service |