DGAP-Adhoc

Sale of shares in Highlight Event & Entertainment AG

Highlight Communications AG / Key word(s): Investment

02.02.2016 16:32

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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At today's extraordinary meeting of the Board of Directors of Highlight
Communications AG (ISIN: CH 000 653 9198), the Board of Directors has
resolved to sell the entire stake of 1,305,860 shares (75.374%) in
Highlight Event & Entertainment AG to Bernhard Burgener, Chairman of the
Board of Directors and CEO. According to the purchase agreement, the total
sales price will be CHF 18,282,040, corresponding to a value of CHF 14.00
per share in Highlight Event & Entertainment AG. CHF 13,650,560 of the
total amount of CHF 18,282,040 will be paid by the buyer by way of transfer
of 2,200,000 bearer shares in Highlight Communications AG (ISN CH 000 653
9198). The respective value per Highlight Communications AG share was
calculated on the basis of the closing price as of December 31, 2015 of EUR
5.60 and the exchange rate as of February 1, 2016 of EUR/CHF 1.108. The
remainder of CHF 4,631,480 will be settled by the buyer in cash.

Furthermore, the Board of Directors resolved to no longer pursue the
activities detailed in the annual report in the "Other Business Activities"
segment. To implement this strategic decision, the Board of Directors
intends in particular to sell the non-controlling interests (including
those held indirectly) in Paperflakes AG, Holotrack AG and the equity
investment in Pulse Evolution as at their respective carrying amounts as of
December 31, 2015, plus the loans granted to these companies, to Highlight
Event & Entertainment AG. The loan receivables from the Highlight companies
currently in place are also to be repaid by Highlight Event & Entertainment
AG in cash. The implementation of these disposals is planned for the first
quarter of 2016.

For further information:

HIGHLIGHT COMMUNICATIONS AG
Investor Relations
Netzibodenstrasse 23b
4133 Pratteln / Switzerland
Tel.: [phone]
e-mail: [e-mail]


02.02.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Highlight Communications AG
Netzibodenstrasse 23b
4133 Pratteln
Switzerland
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.hlcom.ch
ISIN: CH0006539198
WKN: 920299
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart

End of Announcement DGAP News-Service

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