EQS-Adhoc: Your Family Entertainment AG: Premature termination of the capital increase; new capital increase planned

Freitag, 29.11.2024 14:46 von DGAP - Aufrufe: 183

EQS-Ad-hoc: Your Family Entertainment AG / Key word(s): Capital Increase Your Family Entertainment AG: Premature termination of the capital increase; new capital increase planned 29-Nov-2024 / 14:46 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.


Premature termination of the capital increase; new capital increase planned

Munich, November 29, 2024 The Management Board of Your Family Entertainment AG announces that an investor, Ascent Capital, LLC, has been found as part of the planned capital increase of up to 10% of the company's share capital, excluding shareholders' subscription rights (see ad hoc announcement of February 1, 2024). Ascent Capital, LLC has agreed to fully subscribe to new shares in Your Family Entertainment AG in this amount through its company Spirit of the Game, a Series of Ascent Productions LP.

The implementation of this initially planned capital increase was limited to November 30, 2024 at the latest. However, for technical reasons, the new investor cannot meet this date. The Management Board has therefore decided today to end the current capital increase early today without subscriptions. At the same time, the Management Board plans, subject to the approval of the Supervisory Board, to carry out a new capital increase in the same amount, excluding the shareholders' subscription rights and again partially utilizing the Authorized Capital 2022 created by resolution of the Company's Annual General Meeting on June 28, 2022, in order to enable only Ascent Capital or its company Spirit of the Game, a Series of Ascent Productions LP to enter the company. This new planned capital increase is to be implemented within the next four months.

The funds raised from this new capital measure are to be used to promote innovations in the areas of artificial intelligence (AI), the expansion of digital platforms (streaming/video-on-demand) and for possible M&A transactions. This is in line with the Company's strategic direction of further expanding its position as a leading company in the field of children's and family entertainment. Your Family Entertainment AG The Management Board Company providing the information: Your Family Entertainment Aktiengesellschaft, Tuerkenstraße 87, 80799 Munich ISIN DE000A161N14, Frankfurt Stock Exchange Contact / person providing the information: Michael Huber (CFO/Authorized Representative) Tel.: +49 (0)89 / 99 72 71-0 Fax: +49 (0)89 / 99 72 71-91 E-mail: michael.huber@yfe.tv www.yfe.tv

End of Inside Information

29-Nov-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com


Language: English
Company: Your Family Entertainment AG
Türkenstraße 87
80799 München
Germany
Phone: +49 (0)89 997 271-0
Fax: +49 (0)89 997 271-91
E-mail: ir@yfe.tv
Internet: www.yfe.tv
ISIN: DE000A161N14
WKN: A161N1
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich (m:access), Stuttgart
EQS News ID: 2041443
 
End of Announcement EQS News Service

2041443  29-Nov-2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=2041443&application_name=news&site_id=ariva~~~39966420-526c-497e-86dd-9f00819cbf2a
Werbung

Mehr Nachrichten kostenlos abonnieren

E-Mail-Adresse
Benachrichtigungen von ARIVA.DE
(Mit der Bestellung akzeptierst du die Datenschutzhinweise)

Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.


Andere Nutzer interessierten sich auch für folgende News

ARIVA.DE Redaktion Thumbnail
09.12.24 - ARIVA.DE Redaktion


Kurse