Ad hoc disclosure
Pratteln, November 30, 2020
Highlight Event and Entertainment AG Plans Capital Increase via Private Place-ment with Issue Proceeds of CHF 5.4 million
The Board of Directors of Highlight Event and Entertainment AG (HLEE) today resolved to increase capital from authorized capital. 200,000 new bearer shares - about 2.3% of issued capital - are to be issued in a private placement. Pre-emptive rights on the basis of Article 3a (2) of the Articles of Incorporation are disapplied for this purpose. An exter-nal investor has undertaken to subscribe for the new shares at a subscription price of CHF 27 per share in cash.
The issue proceeds of CHF 5.4 million (gross) from the capital increase will be used to cover short to medium-term cash requirements.
Highlight Event and Entertainment AG Netzibodenstrasse 23b
Tel.: +41 41 226 05 97 Fax: +41 41 226 05 98 firstname.lastname@example.org http://www.hlee.ch
Highlight Event & Entertainment AG published this content on 30 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2020 13:32:03 UTC