DEAG Deutsche Entertainment Aktiengesellschaft
DEAG Deutsche Entertainment Aktiengesellschaft: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
DEAG Deutsche Entertainment Aktiengesellschaft
Notification pursuant to Section 43 (1) of the German Securities Trading Act (WpHG) Novofam Macro LLC (‘Novofam’) has informed us on 14 January 2020 in accordance with sections 33, 34 WpHG that on 13 January 2020 Novofam exceeded the threshold of 10% of the voting rights in DEAG Deutsche Entertainment Aktiengesellschaft (‘DEAG’) and now owns 1,963,000 shares or 10.002% of the voting rights in DEAG. With regard to the objectives pursued with the acquisition of voting rights, Novofam hereby informed us as follows in accordance with section 43 (1) sentence 3 WpHG: 1. The investment is considered a long-term strategic investment of DEAG. 2. Novofam intends to review the acquisition of further voting rights and then, if necessary and depending on market developments, acquire further voting rights within the next 12 months. 3. Novofam does not intend to influence the composition of the issuer’s administrative, management and supervisory bodies. 4. Novofam does not intend to make any significant changes to the capital structure of DEAG, particularly with regard to the ratio of internal and external financing and the dividend policy. Furthermore, we were informed in accordance with section 43 (1) sentence 1 and 3 WpHG, regarding the origin of the funds used for the acquisition of voting rights, the acquisition was financed with Novofam’s own funds. Berlin, 28 January 2020 DEAG Deutsche Entertainment Aktiengesellschaft
28.01.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | DEAG Deutsche Entertainment Aktiengesellschaft |
Potsdamer Straße 58 | |
10785 Berlin | |
Germany | |
Internet: | www.deag.de |
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