<

DEAG DEUTSCHE ENTERTAINMENT AKTIENGESELLSCHAFT (FRA:ERMK) DEAG Deutsche Entertainment Aktiengesellschaft: BaFin determines relevant average share prices for the proposed public delisting takeover offer

Transparency directive : regulatory news

19/01/2021 10:28

DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Miscellaneous
DEAG Deutsche Entertainment Aktiengesellschaft: BaFin determines relevant average share prices for the proposed public delisting takeover offer

19.01.2021 / 10:28
The issuer is solely responsible for the content of this announcement.


BaFin determines relevant average share prices for the proposed public delisting takeover offer

Berlin, January 19, 2021 - On January 11, 2021, Musai Capital Ltd., Sliema, Malta (the "Bidder") announced its decision to submit a public delisting takeover offer to the shareholders of DEAG Deutsche Entertainment AG, Berlin, Germany ("DEAG") to acquire all no-par value bearer shares in DEAG, each representing a notional interest in the share capital of EUR 1.00 (the "DEAG Shares"), pursuant to Section 10 para. 1 sent. 1 WpÜG in conjunction with Section 39 para. 2 sent. 3 no. 1 BörsG (the "Offer"). Together with the U.S. investor Mike Novogratz, who holds approx. 14% of DEAG's shares through his family office Galaxy Group Investments LLC, as well as other shareholders of the DEAG, Apeiron and the Bidder have agreed on the key terms of a shareholders' agreement on the basis of which, subject to the successful closing of the transaction, they will exercise joint control over DEAG. In an agreement with DEAG, Apeiron and the Bidder have committed to support DEAG's further growth strategy outside the stock exchange listing.

The Bidder has informed DEAG, that according to the German Federal Financial Supervisory Authority ("BaFin") the domestic volume-weighted average stock exchange prices of DEAG Shares during the last three and the last six months prior to the announcement of the Offer, which are relevant for the determination of the statutory minimum price, amount to EUR 3.09 (three months) and EUR 3.03 (six months). Therefore, according to the Bidder the offer consideration under the Offer will correspond to the volume-weighted average stock exchange prices of DEAG Shares during the last three months of EUR 3.09 per DEAG Share as determined by BaFin.

About DEAG

DEAG Deutsche Entertainment AG (DEAG) is a leading entertainment service company and provider of live entertainment in Europe. With its group companies, DEAG has been present at 12 locations in its core markets of Germany, the UK, Switzerland and Ireland for more than 40 years. As a live entertainment service provider with an integrated business model, DEAG has extensive expertise in the conception, organization, marketing and holding of events.

Founded in Berlin in 1978, DEAG's core businesses today include Rock/Pop, Classics & Jazz, Family Entertainment, Arts+Exhibitions and Ticketing. Family Entertainment and Arts+Exhibitions in particular are of great importance to the further development of DEAG's own content.

In 2019, more than 5 million tickets were sold for over 4,000 events - a continuously growing proportion of which were sold via the group's own e-commerce platforms "MyTicket" and "Gigantic.com" for its own and third-party content.

With its strong partner network, DEAG is excellently positioned in the market as an internationally active Live Entertainment service company.

Investor & Public Relations

edicto GmbH
Axel Mühlhaus
Phone: 0049 69 905505-52
email: deag@edicto.de



19.01.2021 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.
Archive at www.dgap.de


Language: English
Company: DEAG Deutsche Entertainment Aktiengesellschaft
Potsdamer Straße 58
10785 Berlin
Germany
Phone: +49-30-810 75-0
Fax: +49-30-810 75-519
E-mail: deag@edicto.de
Internet: www.deag.de
ISIN: DE000A0Z23G6, DE000A2NBF25
WKN: A0Z23G, A2NBF2
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange; London
EQS News ID: 1161588

 
End of News DGAP News Service

1161588  19.01.2021 

fncls.ssp?fn=show_t_gif&application_id=1161588&application_name=news&site_id=symex


Other stories

29/03/2024 15:10
29/03/2024 10:56
29/03/2024 12:40
29/03/2024 14:40
29/03/2024 12:04
29/03/2024 10:08
29/03/2024 12:17
29/03/2024 10:29
28/03/2024 18:07
29/03/2024 10:54
29/03/2024 11:32
29/03/2024 10:17
29/03/2024 07:00
29/03/2024 10:30
29/03/2024 03:23
29/03/2024 07:00
29/03/2024 14:30
29/03/2024 06:00
29/03/2024 04:00
29/03/2024 13:00
28/03/2024 13:00
27/03/2024 19:23
29/03/2024 12:13
29/03/2024 07:00
29/03/2024 12:52
28/03/2024 23:21
29/03/2024 14:50
29/03/2024 09:34
29/03/2024 11:06
29/03/2024 07:21
29/03/2024 02:08
29/03/2024 01:26
25/03/2024 11:47
28/03/2024 17:55
29/03/2024 07:00
29/03/2024 00:01
29/03/2024 10:38
28/03/2024 05:52