DGAP-News

DEAG Deutsche Entertainment Aktiengesellschaft: DEAG remains strong during the COVID crisis and gets off to a profitable start to financial year 2021 - Seite 2

DEAG announced its plans to withdraw from the stock exchange on 11 January 2021. The delisting of the DEAG share, for which the company received the support of its single largest shareholder, among other investors, became effective after the end of the reporting period on 9 April 2021. The 6.00% corporate bond 2018/2023 in the amount of EUR 25 million with a term until 31 October 2023, which is traded on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange, remains unaffected by the delisting.

Furthermore, DEAG successfully placed a cash capital increase after the end of the reporting period, in May 2021. The company thereby received EUR 6.06 million in fresh funds. The company's share capital increased by 1,962,597 shares to 21,588,573 shares as a result of the capital increase. The capital increase was subscribed to by DEAG's single largest shareholder, Apeiron Investment Group Ltd, which now holds 27.1% of the shares in the company. The proceeds accruing to DEAG are to be used to expand its M&A activities.

DEAG, which continues to view financial year 2021 as a transition year due to the COVID-19 pandemic, expects to achieve significant increases in sales and operating EBITDA in 2021 compared to 2020. In view of the vaccination situation that is developing positively in its core markets, DEAG anticipates an increasing recovery in business activity in Germany from the fourth quarter of 2021 on. In the UK, the company's most important secondary market, the company anticipates an increasing recovery in business activity as early as the third quarter of 2021 and in Switzerland as of the fourth quarter of 2021. DEAG expects to see its business activity return to a nearly normal level in 2022, also because the company succeeded in retaining nearly all of its employees during the pandemic.

The complete Quarterly Financial Statement will be available for download on the company's website during the day on 28 May 2021.

About DEAG

DEAG Deutsche Entertainment AG (DEAG) is a leading entertainment service company and provider of live entertainment in Europe. DEAG is present with its Group companies in 13 locations in its core markets of Germany, the UK, Switzerland, Ireland and Denmark. As a live entertainment service provider with an integrated business model, DEAG has extensive expertise in the conception, organization, marketing and holding of events.