Key Developments: Deag Deutsche Entertainment AG (ERMGk.DE)

ERMGk.DE on Xetra

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29 Jul 2014
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Latest Key Developments (Source: Significant Developments)

DEAG Deutsche Entertainment AG places capital increase
Tuesday, 27 May 2014 06:58am EDT 

DEAG Deutsche Entertainment AG:Says it has placed its capital increase with subscription rights and has reached the targeted net issuing proceeds of about 13.4 mln euros as a result of the issuing of all 2,725,453 new shares offered from authorized capital.Within the framework of the subscription offer from May 12 to May 26, subscription rights were exercised for 99.65 pct of the offered new shares.The shares not subscribed to were successfully placed by a private placement among institutional investors.As a result of the capital increase, the total number of shares issued by DEAG will increase from 13,627,881 to 16,353,334.Says the transaction was accompanied by Hauck & Aufhauser Privatbankiers KGaA, Frankfurt am Main, as Sole Lead Manager.  Full Article

DEAG Deutsche Entertainment AG completes acquisition of 51 pct stake in British promoter KILIMANJARO LIVE
Thursday, 8 May 2014 04:59pm EDT 

DEAG Deutsche Entertainment AG:Says it has completed the negotiations about the acquisition of a 51 pct stake in the British concert, tour and festival promoter KILIMANJARO LIVE and its subsidiary TWIN PEAKS Ltd.Says it has executed the acquisition through its subsidiary DEAG Concerts GmbH.The purchase price of almost 4.0 million euros might increase subsequently, depending on the future business development of the company between 2014 to 2017.  Full Article

DEAG Deutsche Entertainment AG decides on capital increase, intends to buy majority stake in KILIMANJARO LIVE
Thursday, 8 May 2014 08:04am EDT 

DEAG Deutsche Entertainment AG:Decided a cash capital increase with subscription rights from 13,627,881.00 euros by up to 2,725,453.00 euros to up to 16,353,334.00 euros by issuing up to 2,725,453 new no par value bearer shares with an arithmetic share in the share capital of 1.00 euro per share.The new shares will be offered to the shareholders of DEAG by way of an indirect subscription right in the ratio of 5:1.The subscription price amounts to 4.90 euros per share.Intends to use the influx of funds from the capital increase to finance the planned acquisition of KILIMANJARO LIVE.The acquisition is to be made through the subsidiary DEAG Concerts GmbH on May 8 or within the next coming days.  Full Article

DEAG Deutsche Entertainment AG announces FY 2013 dividend
Thursday, 27 Mar 2014 12:07pm EDT 

DEAG Deutsche Entertainment AG:Announces the payment of a 0.12 euro dividend per share for 2013.  Full Article

DEAG Deutsche Entertainment AG increases its stake in Swiss AIO Group AG to 100 pct
Wednesday, 18 Dec 2013 02:26am EST 

DEAG Deutsche Entertainment AG:Announces that it increased its stake in its affiliate, the Swiss AIO Group AG, to 100 pct from 52 pct.  Full Article

DEAG Deutsche Entertainment AG Sets Up Joint Venture BLUE MOON ENTERTAINMENT with Katrin Edtmeier
Monday, 16 Sep 2013 01:17am EDT 

DEAG Deutsche Entertainment AG announced that it has set up the joint venture BLUE MOON ENTERTAINMENT, with registered office in Vienna, together with the Austrian entertainment Katrin Edtmeier. DEAG will have a stake of 85% in the joint venture versus 15% for Katrin Edtmeier. BLUE MOON ENTERTAINMENT is to become one of the promoters for Rock, Pop and Family Entertainment.  Full Article

DEAG Deutsche Entertainment AG Acquires 75.1% of Shares in Wizard Promotions Konzertagentur GmbH
Tuesday, 18 Jun 2013 02:56am EDT 

DEAG Deutsche Entertainment AG announced that it has acquired 75.1% of the shares in Wizard Promotions Konzertagentur GmbH, Frankfurt am Main. The financial terms and conditions of the transaction have not been disclosed.  Full Article

DEAG Deutsche Entertainment AG Comments on FY 2013 Guidance; Enters Cooperation Agreement with ABC Productions AG through Good News Group
Monday, 3 Jun 2013 02:52am EDT 

DEAG Deutsche Entertainment AG announced that it expects more than doubling of results in the fiscal year 2013 versus the previous fiscal year 2012. Furthermore, the Company announced that its subsidiary Good News Group has entered cooperation agreement with ABC Productions AG. This cooperation agreement regulates the joint approach of the two partners at the production and marketing of concerts and events. The Good News Group and ABC Productions will pool their resources and act together based on the possible utilization of synergies.  Full Article

CORRECTION - DEAG Deutsche Entertainment AG Comments on FY 2013 Forecast; to Issue FY 2012 Dividend
Thursday, 28 Mar 2013 08:49am EDT 

BODY CORRECTED TO READ...announced that for the fiscal year 2013 it expects further rise in sales revenues and result...INSTEAD OF...announced that for the fiscal year 2012 it expects further rise in sales revenues. DEAG Deutsche Entertainment AG announced that for the fiscal year 2013 it expects further rise in sales revenues and result. The Company plans to issue fiscal year 2012 dividend of EUR 0.08 per share. For the fiscal year 2011, the Company paid a dividend of EUR 0.04 per share.  Full Article

DEAG Deutsche Entertainment AG Acquires Majority Stake at Handwerker Promotion E. GmbH
Tuesday, 29 Jan 2013 09:12am EST 

DEAG Deutsche Entertainment AG announced that it has acquired 51% stake in handwerker promotion e. gmbh, one of the concert promoters in North Rhine-Westphalia, effective January 1, 2013. The parties have agreed not to disclose the purchase price.  Full Article

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