EQS-Adhoc

Highlight Event and Entertainment AG resolves strategic, structural, and personnel changes

EQS Group-Ad-hoc: Highlight Event and Entertainment AG / Key word(s):
Strategic Company Decision
Highlight Event and Entertainment AG resolves strategic, structural, and
personnel changes

30.09.2016 / 17:33
Release of an ad hoc announcement pursuant to Art. 53 KR.

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The Board of Directors of Highlight Event and Entertainment AG has resolved
strategic, structural, and personnel changes at its meeting on September
30, 2016.

Highlight Event and Entertainment AG is selling its non-controlling
interests in Kuuluu Interactive Entertainment AG, Holotrack AG, Paperflakes
AG, and Pulse Evolution Corp. together with the loans granted to Highlight
Ventures Corp., USA. The non-controlling interests sold in these companies,
which perform services in the fields of digital entertainment, software
development, and gaming, will benefit from an international field of
investors in their new company.

Through a convertible loan in the amount of EUR 2 million, Highlight Event
and Entertainment AG has an investment in the new company being founded,
Highlight Finance Corp., British Virgin Islands. Following the conversion
of the loan, the company will have a 20% financial investment in Highlight
Finance Corp.

René Eichenberger is declaring his resignation from the Board of Directors
of Highlight Event and Entertainment AG to serve as a member of an
executive body of the investment companies sold, thereby overseeing the
ongoing development of their business. The other members of the Board of
Directors will step down from all executive positions at the investment
companies sold.

The company is assuming that the property of Escor Automaten AG, which has
been available for sale for some time, can be sold in the coming weeks. An
agreement has been reached with the buyer on the terms of the sale.

Contact:
Highlight Event and Entertainment AG
Netzibodenstrasse 23b
4133 Pratteln, Switzerland

Bernhard Burgener
Chairman of the Board of Directors
Tel.: [phone]
Fax: [phone]

[e-mail]
http://www.hlee.ch


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End of ad hoc announcement

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Language: English
Company: Highlight Event and Entertainment AG
Netzibodenstrasse 23b
4133 Pratteln
Switzerland
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.hlee.ch
ISIN: CH0003583256
Valor: 896040
Listed: SIX Swiss Exchange


End of News EQS Group News Service
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508121 30.09.2016