Highlight Event and Entertainment AG

M&A Activity • Feb 23, 2024

News Details

Ad-hoc | 23 February 2024 07:01

Highlight Event and Entertainment AG: Sport1 Medien AG sells 50% stake in Sport1 GmbH as part of comprehensive co-operation

Highlight Event and Entertainment AG / Key word(s): Strategic Company Decision

23-Feb-2024 / 07:01 CET/CEST

Release of an ad hoc announcement pursuant to Art. 53 LR

The issuer is solely responsible for the content of this announcement.

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Ad hoc announcement pursuant to Art. 53 LR

Pratteln, 23 February 2024

Sport1 Medien AG sells 50% stake in Sport1 GmbH as part of comprehensive co-operation

Sport1 Medien AG, a wholly-owned subsidiary of Highlight Communications AG, in which Highlight Event and Entertainment AG in turn holds a 53.03% stake, has tonight agreed a comprehensive co-operation with the international media and entertainment company ACUNMEDYA, based in Istanbul, which includes the sale of 50 percent of the shares in the subsidiary Sport1 GmbH for a purchase price of 30 million Euro.

ACUNMEDYA has undertaken to produce its internationally successful entertainment and sports entertainment programmes for Sport1. Highlight Event and Entertainment AG will continue to fully consolidate Sport1 GmbH for accounting purposes.

The completion of the transaction is subject to various conditions, in particular media and antitrust approvals.

Contact:

Highlight Event and Entertainment AG

Netzibodenstrasse 23b

4133 Pratteln

Investor Relations

Phone: +41 41 226 05 97

Fax: +41 41 226 05 98

info@hlee.ch

http://www.hlee.ch

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End of Inside Information

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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
EQS News ID:	1843515

End of Announcement	EQS News Service