Highlight Event and Entertainment AG
2016 Half-Year Report
EQS Group-Ad-hoc: Highlight Event and Entertainment AG / Key word(s): Half Year Results
With the acquisition of 75.4% of the shares in Highlight Event and Entertainment AG (HLEE) by Bernhard Burgener (Chairman and Delegate of the Board of Directors) in February of this year (current shareholding 64.5%), the Company began implementing its new business strategy. In addition to the expanded operating focus, this also includes investment activities. To supplement the traditional activity as marketer of the Eurovision Song Contest and the concerts of the Vienna Philharmonic, the acquisition of strategic investments in selected media, technology, and entertainment companies is intended to lay the foundation for the establishment of a global marketing platform for live entertainment. The largest investment in the first half of 2016 was the acquisition of 10.29% of the shares in Constantin Medien AG, which is listed on the German stock market. This investment was booked at a market value totaling CHF 27.7 million as of June 30, 2016. In addition, HLEE concluded a pooling agreement with a number of other shareholders of Constantin Medien AG on June 16, 2016. Altogether, the pool members had a 29.28% stake in Constantin Medien AG as of June 30, 2016. HLEE is planning further strategic investments in the global entertainment marketing sector to be managed under the heading “Highlight Investments.” “We are focusing on the establishment of a forward-looking event-marketing company that will benefit from the radical global changes in the live entertainment sector,” says Bernhard Burgener, Chairman and Delegate of the Board of Directors of HLEE. The detailed 2016 Half-Year Report is available at www.hlee.ch. Contact details Bernhard Burgener info@hlee.ch This Media Release may contain forward-looking statements, such as expectations, plans, intentions, or strategies for the future. Such statements entail uncertainty and risk. The reader must therefore be aware that such statements may deviate from actual events in the future. All forward-looking statements in this Media Release are based on data available to HLEE as of the date this Media Release was published. HLEE is under no obligation whatsoever to update forward-looking statements in this Media Release at a later date on the basis of new information, future events, or similar. End of ad hoc announcement Additional features: Document: http://n.eqs.com/c/fncls.ssp?u=YDPHAFLGDL Document title: 2016 Half-Year Report Highlight Event and Entertainment AG 2016-08-31 News transmitted by Tensid EQS AG. www.eqs.com |
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: | Foreign Exchange(s) SIX | |
End of News | EQS Group News Service |