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BRIEF-Highlight Event and Entertainment invests in 5EL
July 21, 2017 / 5:39 AM / 5 months ago

BRIEF-Highlight Event and Entertainment invests in 5EL

July 21 (Reuters) - HIGHLIGHT EVENT AND ENTERTAINMENT AG :

* SAID ON THURSDAY RESOLVED TO ACQUIRE A FURTHER 544,409 NO-PAR VALUE SHARES (17.49%) IN 5EL SA

* 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)

* PURCHASE PRICE FOR THE SHARES IN 5EL SA AMOUNTED TO CHF 3,941,521

* FOLLOWING THE TRANSACTION, THE COMPANY HAS A 19.99% FINANCIAL INVESTMENT IN 5EL SA (POST RESTRUCTURING AND CAPITAL INCREASE)

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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