Highlight Event and Entertainment AG
2016 Annual Report
Highlight Event and Entertainment AG / Key word(s): Final Results
Group Development in Fiscal Year 2016
In fiscal 2016, Highlight Event and Entertainment AG (“HLEE”) again achieved stable results in its operating activities. The calculation of the fair value of the equity investment in Constantin Medien AG, which is decisive for accounting purposes, led to an impairment loss as of the end of the reporting period. Operating expenses were affected by extraordinary legal expenses related to the dispute concerning the General Meetings of Constantin Medien AG on July 6, 2016, and November 9/10, 2016, and the corresponding legal consequences. Both EBIT and consolidated net income were negative as a result. As already published on April 3, 2017, the Board of Directors invited shareholders to an Extraordinary General Meeting to be held on May 2, 2017, and proposed an ordinary capital increase as well as the extension and increase of the authorized capital until May 2, 2019. In the proposed ordinary capital increase, the share capital of HLEE is to be increased by up to CHF 46,777,500 from CHF 15,592,500 to a maximum of CHF 62,370,000 by issuing up to 5,197,500 HLEE bearer shares with a nominal value of CHF 9 each that are to be paid in full under subscription. The detailed 2016 Annual Report is available at Contact details: Tel: +41 41 226 05 97 info@hlee.ch Important notice: Additional features: Document: http://n.eqs.com/c/fncls.ssp?u=YEPDSUHALK Document title: GB 2016_EN 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 Announcement | EQS Group News Service |