Highlight Communications AG

DGAP-Adhoc: Sale of shares in Highlight Event & Entertainment AG


DGAP-Ad-hoc: Highlight Communications AG / Key word(s): Investment
Sale of shares in Highlight Event & Entertainment AG

02.02.2016 / 16:32
Dissemination of an Ad hoc announcement according to § 15 WpHG.
The issuer is solely responsible for the content of this announcement.

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At today's extraordinary meeting of the Board of Directors of Highlight
Communications AG (ISIN: CH 000 653 9198), the Board of Directors has resolved
to sell the entire stake of 1,305,860 shares (75.374%) in Highlight Event &
Entertainment AG to Bernhard Burgener, Chairman of the Board of Directors and
CEO. According to the purchase agreement, the total sales price will be CHF
18,282,040, corresponding to a value of CHF 14.00 per share in Highlight Event &
Entertainment AG. CHF 13,650,560 of the total amount of CHF 18,282,040 will be
paid by the buyer by way of transfer of 2,200,000 bearer shares in Highlight
Communications AG (ISN CH 000 653 9198). The respective value per Highlight
Communications AG share was calculated on the basis of the closing price as of
December 31, 2015 of EUR 5.60 and the exchange rate as of February 1, 2016 of
EUR/CHF 1.108. The remainder of CHF 4,631,480 will be settled by the buyer in
cash.

Furthermore, the Board of Directors resolved to no longer pursue the activities
detailed in the annual report in the "Other Business Activities" segment. To
implement this strategic decision, the Board of Directors intends in particular
to sell the non-controlling interests (including those held indirectly) in
Paperflakes AG, Holotrack AG and the equity investment in Pulse Evolution as at
their respective carrying amounts as of December 31, 2015, plus the loans
granted to these companies, to Highlight Event & Entertainment AG. The loan
receivables from the Highlight companies currently in place are also to be
repaid by Highlight Event & Entertainment AG in cash. The implementation of
these disposals is planned for the first quarter of 2016.

For further information:

HIGHLIGHT COMMUNICATIONS AG
Investor Relations
Netzibodenstrasse 23b
4133 Pratteln / Switzerland
Tel.: 0041-61-816 96 91
e-mail: ir@hlcom.ch

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Language: English

Company:  Highlight Communications AG

          Netzibodenstrasse 23b

          4133  Pratteln

          Switzerland

Phone:    +41 61 816 96 96

Fax:      +41 61 816 67 67

E-mail:ir@hlcom.ch

Internet: www.hlcom.ch

ISIN:     CH0006539198

WKN:      920299

Listed:   Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial
Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart


End of News DGAP News Service
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