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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. 

Company Quote

-0.11 -1.88%
11:36am EDT