asknet Solutions AG
Nexway AG subscribes to bearer bond of Highlight Event and Entertainment AG in the amount of EUR 13.5 million as part of a strategic partnership
Nexway AG / Key word(s): Bond/Strategic Company Decision Nexway AG subscribes to bearer bond of Highlight Event and Entertainment AG in the amount of EUR 13.5 million as part of a strategic partnership 18 June 2020, Karlsruhe – Nexway AG (Ticker Symbol: NWAY, ISIN: DE000A2E3707, WKN: A2E370) today agreed upon the subscription of a zero-coupon bearer bond with a total volume of EUR 13,5 million (ISIN: DE000A28YD96, WKN: A28YD9) of Highlight Event and Entertainment AG (Ticker Symbol: HLEE, ISIN: CH0003583256, WKN: 896040), listed on the SIX Swiss Exchange, hereinafter abbreviated as HLEE AG. The bond is subscribed at 95.24% of the par value and upon maturity (12 months) will be repaid at the full nominal amount (100%). The total issue volume of the HLEE AG bond is EUR 21 million. Following the early repayment of the Convertible Loan which was communicated last week, the funds are now to be reinvested in order to promote the strategic partnership between Nexway AG and HLEE AG. The strategic partnership is aimed to augment HLEE AGs existing content offering with the global streaming capabilities on the back of the Nexway experience in marketing and selling digital products. The partnership is also focused on developing e-learning content offerings for academic institutions, professors and students in the German-speaking area, to be enabled through the asknet Academics distribution network. Contact
18-Jun-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Nexway AG |
Vincenz-Priessnitz-Str. 3 | |
76131 Karlsruhe | |
Germany | |
Phone: | +49 (0)721 / 964 58-0 |
Fax: | +49 (0)721 / 964 58-99 |
E-mail: | investors@nexway.com |
Internet: | https://www.nexway.com |
ISIN: | DE000A2E3707 |
WKN: | A2E370 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich, Stuttgart |
EQS News ID: | 1073863 |
End of Announcement | DGAP News Service |