DEAG Deutsche Entertainment AG
ots Ad hoc-Service: Dt. Entertainment AG <DE0005513907> Acquisition of a 90% holding in Good News Productions AG completed DEAG capital successfully increased
Berlin (ots Ad hoc-Service) -
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DEAG has successfully completed the acquisition of 90% of the share capital of the Swiss Good News Productions AG by issuing 1,092,259 new shares from its authorized capital. The use of the pooling-of-interest method for this transaction will avoid amortisation of good-will and any profit will increase the earnings-per-share of DEAG directly.
In the course of this week the new shares were offered on a road-show commissioned by the former holders of the 90% share in Good News at a price of 27 Euro, and completely placed with significant national and international institutional investors. The placement was over-subscribed.
With the official registration of this placement, the total share volume of DEAG will amount to 7,642,459 shares.
This Ad Hoc Communication and further information can be accessed in the DEAG-News Archive under www.deag.de/ir. If you have queries you can contact: Dr. Martin Fabel, Tel. +49 (0)30 810750.
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Original content of: DEAG Deutsche Entertainment AG, transmitted by news aktuell