Highlight Event and Entertainment AG

EQS-Adhoc: Highlight Event and Entertainment AG resolves strategic, structural, and personnel changes


EQS Group-Ad-hoc: Highlight Event and Entertainment AG / Key word(s): Strategic
Company Decision
Highlight Event and Entertainment AG resolves strategic, structural, and
personnel changes

30.09.2016 / 17:33
Release of an ad hoc announcement pursuant to Art. 53 KR.


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The Board of Directors of Highlight Event and Entertainment AG has resolved
strategic, structural, and personnel changes at its meeting on September 30,
2016.

Highlight Event and Entertainment AG is selling its non-controlling interests in
Kuuluu Interactive Entertainment AG, Holotrack AG, Paperflakes AG, and Pulse
Evolution Corp. together with the loans granted to Highlight Ventures Corp.,
USA. The non-controlling interests sold in these companies, which perform
services in the fields of digital entertainment, software development, and
gaming, will benefit from an international field of investors in their new
company.

Through a convertible loan in the amount of EUR 2 million, Highlight Event and
Entertainment AG has an investment in the new company being founded, Highlight
Finance Corp., British Virgin Islands. Following the conversion of the loan, the
company will have a 20% financial investment in Highlight Finance Corp.

René Eichenberger is declaring his resignation from the Board of Directors of
Highlight Event and Entertainment AG to serve as a member of an executive body
of the investment companies sold, thereby overseeing the ongoing development of
their business. The other members of the Board of Directors will step down from
all executive positions at the investment companies sold.

The company is assuming that the property of Escor Automaten AG, which has been
available for sale for some time, can be sold in the coming weeks. An agreement
has been reached with the buyer on the terms of the sale.

Contact:
Highlight Event and Entertainment AG
Netzibodenstrasse 23b
4133 Pratteln, Switzerland

Bernhard Burgener
Chairman of the Board of Directors
Tel.: +41 41 226 05 97
Fax: +41 41 226 05 98

info@hlee.ch
http://www.hlee.ch


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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 News EQS Group News Service
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508121  30.09.2016 
 



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