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RNTS Media N.V.: announces divestment of BigStar Global Ltd

DGAP-News: RNTS Media N.V. / Key word(s): Miscellaneous
RNTS Media N.V.: announces divestment of BigStar Global Ltd

02.05.2016 / 07:30
The issuer is solely responsible for the content of this announcement.

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RNTS Media N.V. ("RNTS") announces today the divestment of its subsidiary
BIGSTAR Global Ltd. ("BSG"), a Seoul, Korea-based developer of digital
educational content for children, to a group of private investors led by
Korean-American entrepreneur Jonathan Kim and BSG's CEO Hyounghoon Han for
a purchase price of up to USD 3.0 million.

RNTS had decided to concentrate its activities on mobile advertising
technology following the acquisition of Fyber and the subsequent
acquisitions of Falk, Heyzap, and Inneractive. In this context, RNTS
explored options for the future of BSG. BSG had sales of EUR 6 million and
losses on EBITDA-level of EUR 582k in FY2015. RNTS had impaired the assets
and had taken a restructuring charge of EUR 1.2 million at year-end.

RNTS receives USD 1.5 million in RNTS shares currently owned by Hyounghoon
Han; such shares will be held as treasury shares. The remaining purchase
price of USD 1.5 million will be deferred for payment until a future trade
sale of BSG occurs or out of future earnings.

RNTS is granting a restructuring loan of USD 1.1 million to BSG, which is
expected to be repaid over the next five years.

About RNTS Media N.V.
RNTS Media is a leading mobile advertising technology company.
Headquartered in Berlin, Germany and founded in 2010, it empowers app
developers and publishers to generate business-critical revenue streams
with targeted in-app advertising through its core asset Fyber, acquired in
October 2014. RNTS Media is listed on the Prime Standard of Frankfurt Stock
Exchange under symbol 'RNM'. For more information, visit www.rntsmedia.com.

Investor Contact:
Heiner Luntz
[e-mail]
[phone]

Media Contact:
Natalia Sandin
[e-mail]
[phone]


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02.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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: RNTS Media N.V.
Johannisstr. 20
10117 Berlin
Germany
Phone: [phone]
E-mail: [e-mail]
Internet: www.rntsmedia.com
ISIN: NL0010315453
WKN: A1J87D
Listed: Regulated Market in Frankfurt (Prime Standard)


End of News DGAP News Service
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459665 02.05.2016