EM.Sport Media AG: Key word: Strategic company decision

EM.Entertainment GmbH - July 2008

 

EM.Sport Media AG acquires further shares in Highlight Communications AG from Bernhard Burgener – In return, Bernhard Burgener receives, amongst others, a share package in EM.Sport Media AG of around 2.95 percent

EM.Sport Media AG today acquired a further 2,818,847 shares in Highlight Communications AG of Pratteln, Switzerland. The shares were sold by Mr. Bernhard Burgener, President of the Board of Directors of Highlight Communications, current Deputy Chairman of the Supervisory Board of EM.Sport Media AG and, with effect from September 1, 2008, CEO of EM.Sport Media AG. This move increases the stake held by EM.Sport Media AG in the Swiss media company by around 6 percent from 37.6 percent to a total of 43.6 percent.

For the shares in question, EM.Sport Media AG is paying the seller a sum of 16,455,808 Euro in cash. In addition, Mr. Bernhard Burgener is receiving 2,298,770 shares in EM.Sport Media AG from the company’s treasury stock. This transaction means that he will hold a stake of around 2.95 percent of EM.Sport Media AG authorized share capital.

In the near future, EM.Sport Media AG also intends to acquire further shares from other Board Members and the management team of the Highlight Communications AG, respectively. It is envisaged that its shareholding in Highlight Communications AG will thus increase to around 47 percent.