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TV-Loonland AG

EANS-Adhoc: TV-Loonland AG
Ad-hoc-Release in accordance with § 15 WpHG: TV-Loonland AG files for insolvency

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
09.12.2009
9. December 2009 Munich insolvency court decided that TV-Loonland AG 
has to go under preliminary administration and mandated Attorney at 
law Dr. Ott as preliminary administrator.
Due to the fact that the company´s shareholders repeatedly refused 
approval of a share consolidation on 19th November 2008 and 26th 
November 2009, TV-Loonland was not able to raise cash through an 
equity injection. Therefore the company cannot clear all debts on the
respective due dates.
Effective today, TV-Loonland appoints Dr. Michael Briem as its new 
CEO. At the same time, Dr. Briem quits the company´s supervisory 
board. The CEO strongly believes that the value of the company´s 
assets exceed all open debts and is working closely with the 
preliminary administrator in order to further maximise the value of 
these assets.
end of announcement                               euro adhoc

Further inquiry note:

TV-Loonland AG
Tel.: +49(0) 89205080
E-Mail: info@loonland.com

Branche: Media
ISIN: DE0005348403
WKN: 534840
Index: Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

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