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OFFON

DEAG DEUTSCHE ENTERTAINMENT AKTIENGESELLSCHAFT

(LOUD)
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PRESS RELEASE : DEAG plans delisting: Delisting-takeover offer agreed

01/11/2021 | 01:47am EDT
 
 DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): 
Offer/Delisting 
DEAG plans delisting: Delisting-takeover offer agreed 
 
2021-01-11 / 07:46 
The issuer is solely responsible for the content of this announcement. 
 
*DEAG plans delisting: Delisting-takeover offer agreed* 
 
Berlin, January 11, 2021 - DEAG Deutsche Entertainment AG ("DEAG" or the 
"Company"), ISIN: DE000A0Z23G6, ticker symbol: LOUD) plans to withdraw from 
the stock exchange ("Delisting"). For this purpose, the management board of 
DEAG around Prof. Peter Schwenkow has secured the support of the largest 
single shareholder of DEAG. In an agreement signed today with Apeiron 
Investment Group Ltd. ("Apeiron") and its bidder company (Musai Capital 
Ltd., "Bidder"), the submission of a public delisting-takeover offerwas 
agreed as a requirement for the Delisting. 
 
In the course of the planned Delisting, it is intended to retain the 
Company's legal form as a stock corporation and to continue the listing of 
the corporate bond 2018/2023 (WKN: A2NBF2 / ISIN: DE000A2NBF25) on the Open 
Market (_Freiverkehr_) of the Frankfurt Stock Exchange. All members of the 
management board as well as the supervisory boardwill also accompany DEAG on 
its further growth trajectory. Furthermore, all existing contracts with 
employees, service providers and artists shall remain in full force and 
effect. 
 
The withdrawal from the regulated marketof the Frankfurt Stock Exchange 
requires a prior public delisting-takeover offer to the shareholders of 
DEAG, so that all shareholders can still sell their shares prior to the 
Delisting. As a wholly-owned subsidiary of Apeiron, DEAG's longstanding and, 
with a shareholding of approx. 18%, largest single shareholder, the Bidder, 
in accordance with the agreement entered into, today announced such an offer 
with a consideration in cash, calculated according to the volume-weighted 
average share prices of the last three and the last six months as required 
by law for a delisting-takeover offer. According to the Bidder's 
calculation, this price is currently EUR 3.07 per DEAG share. The final 
price will be published by the Bidder in the offer document after 
confirmation by the German Federal Financial Supervisory Authority 
(_Bundesanstalt für Finanzdienstleistungsaufsicht_, BaFin). As a 
delisting-takeover offer, the offer will not be subject to any closing 
conditions. 
 
Together with the U.S. investor Mike Novogratz, who holds approx. 14% of 
DEAG's shares through his family office Galaxy Group Investments LLC, as 
well as other existing shareholders of the Company, Apeiron and the Bidder 
have agreed on the key terms of a shareholders' agreement. The parties to 
the shareholders' agreement, which in total hold approximately 47% of the 
DEAG Shares, will not accept the planned offer for their DEAG shares. On the 
basis of the shareholders' agreement, subject to the successful closing of 
the transaction, they will exercise joint control over DEAG. In the 
agreement with DEAG, Apeiron and the Bidder have committed to support DEAG's 
further growth strategy outside the stock exchange listing. 
 
CEO and founder of the Company, Prof. Peter Schwenkow commented: "Despite 
the continuing uncertainties about the future of the live entertainment 
industry due to the ongoing restrictions, DEAG is pleased about the 
continuous support and trust of all members of the management board, the 
supervisory board, all managing directors, partners, co-shareholders and the 
current major shareholders who wish to continue to jointly pursue DEAG's 
existing growth course in an unlisted environment of the company." 
 
As required by law, the management board and supervisory board of DEAG will 
issue a reasoned statement on the public delisting-takeover offer after 
publication of the offer document. 
 
*About DEAG* 
 
DEAG Deutsche Entertainment AG (DEAG) is a leading entertainment service 
company and provider of live entertainment in Europe. With its group 
companies, DEAG has been present at 12 locations in its core markets of 
Germany, the UK, Switzerland and Ireland for more than 40 years. As a live 
entertainment service provider with an integrated business model, DEAG has 
extensive expertise in the conception, organization, marketing and holding 
of events. 
 
Founded in Berlin in 1978 and listed since 1998, DEAG's core businesses 
today include Rock/Pop, Classics & Jazz, Family Entertainment, 
Arts+Exhibitions and Ticketing. Family Entertainment and Arts+Exhibitions in 
particular are of great importance to the further development of DEAG's own 
content. 
 
In 2019, more than 5 million tickets were sold for over 4,000 events - a 
continuously growing proportion of which were sold via the group's own 
e-commerce platforms "MyTicket" and "Gigantic.com" for its own and 
third-party content. 
 
With its strong partner network, DEAG is excellently positioned in the 
market as an internationally active Live Entertainment service company. 
 
*About the Apeiron Investment Group* 
 
Apeiron Investment Group is the family office of the German serial 
entrepreneur Christian Angermayer. Apeiron Investment Group focuses on 
financial services (especially on fintech and crypto assets), technology, 
life sciences, media & entertainment as well as real estate. The Apeiron 
Investment Group participates in seed and start-up financing as well as in 
larger growth investments. 
 
*About Galaxy Group Investments* 
 
Galaxy Group Investments LLC is the family office of Michael Novogratz, 
founder of Galaxy Digital Holdings LP and former co-founder of Fortress 
Investment Group. Galaxy Group Investments LLC focuses on private capital 
transactions across all sectors with concentrated exposure to financial 
services, retail, life sciences, e-sports and entertainment. Galaxy Group 
Investments LLC participates in all stages of the investment spectrum from 
seed financing to leveraged buyouts. 
 
2021-01-11 Dissemination of a Corporate News, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
The DGAP Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language:    English 
Company:     DEAG Deutsche Entertainment Aktiengesellschaft 
             Potsdamer Straße 58 
             10785 Berlin 
             Germany 
Phone:       +49-30-810 75-0 
Fax:         +49-30-810 75-519 
E-mail:      deag@edicto.de 
Internet:    www.deag.de 
ISIN:        DE000A0Z23G6, DE000A2NBF25 
WKN:         A0Z23G, A2NBF2 
Listed:      Regulated Market in Berlin, Frankfurt (Prime Standard); 
             Regulated Unofficial Market in Dusseldorf, Hamburg, Stuttgart, 
             Tradegate Exchange; London 
EQS News ID: 1159535 
 
End of News DGAP News Service 
 
1159535 2021-01-11 
 
 

(END) Dow Jones Newswires

January 11, 2021 01:46 ET (06:46 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DEAG DEUTSCHE ENTERTAINMENT AKTIENGESELLSCHAFT -0.63% 3.16 End-of-day quote.-13.42%
TRADEGATE AG WERTPAPIERHANDELSBANK 0.00% 116.5 Delayed Quote.75.19%
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Financials
Sales 2020 33,0 M 38,5 M 38,5 M
Net income 2020 -1,23 M -1,44 M -1,44 M
Net Debt 2020 23,1 M 26,9 M 26,9 M
P/E ratio 2020 -58,0x
Yield 2020 -
Capitalization 62,0 M 72,1 M 72,2 M
EV / Sales 2019 0,53x
EV / Sales 2020 2,87x
Nbr of Employees 299
Free-Float 42,0%
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Income Statement Evolution
Managers and Directors
Peter L. H. Schwenkow Chief Executive Officer
Roman Velke Chief Financial Officer
Wolf-Dieter Gramatke Chairman-Supervisory Board
Christian Diekmann Chief Operating & Digital Officer
Katja Nettesheim Member-Supervisory Board