DGAP-Adhoc: Constantin Medien AG: Full repayment of the existing corporate bond secured

2018. március 22., csütörtök, 08:48





DGAP-Ad-hoc: Constantin Medien AG / Key word(s): Financing


Constantin Medien AG: Full repayment of the existing corporate bond secured


22-March-2018 / 08:48 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Disclosure of inside information according to Article 17 MAR




Keyword: Financing




Constantin Medien AG: Full repayment of the existing corporate bond secured


Ismaning, March 22, 2018 - Constantin Medien AG today announced that the full repayment of the corporate bond 2013/2018 with a nominal value of EUR 65 million and a 7.0% coupon, due to expire on April 23, 2018, is guaranteed. With the approval of the Group Financing Special Committee of the Supervisory Board, the Management Board voted on March 22, 2018 to sell a total of 12,417,482 out of 20,600,000 Highlight Communications AG shares in its own portfolio at a price of EUR 5.20 per share to Highlight Event and Entertainment AG. This corresponds to a total value of EUR 64.57 million. The corresponding purchase agreement was signed by both parties on March 22, 2018.



Thus, the repayment of the existing corporate bond 2013/2018 is guaranteed. The interest incurred for the 2017/2018 period totalling approximately EUR 4.55 million will be paid from existing liquidity. The Group has therefore fully repaid all financial liabilities and is completely debt-free. The financial result will also considerably improve when taking into account the elimination of future dividends due to the sale of the Highlight Communications AG shares.




About Constantin Medien AG:
ISIN: DE0009147207, DE000A1R07C3
WKN: 914720, A1R07C
Listed: Regulated Market (Prime Standard) in Frankfurt, Open Market in Berlin, Düsseldorf, Hamburg, Munich, Stuttgart and Tradegate Exchange



Contact PR:

Constantin Medien AG, Michael Röhrig, Tel.: +49 (0) 89 - 99 500 461,

Fax: +49 (0) 89 - 99 500 466, E-mail: michael.roehrig@constantin-medien.de



Contact IR:

Constantin Medien AG, Stéphane Winzenried, Tel.: +49 (0)89 - 99 500 803,

Fax: +49 (0)89 - 99 500 371, E-mail: ir@constantin-medien.de



Constantin Medien AG, Münchener Straße 101g, 85737 Ismaning, Tel.: +49

(0)89 - 99 500 0, Fax: +49 (0)89 - 99 500 111











22-March-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

























Language: English
Company: Constantin Medien AG

Münchener Straße 101 g

85737 Ismaning

Germany
Phone: 089 / 99500-436
Fax: 089 / 99500-433
E-mail: ir@constantin-medien.de
Internet: http://www.constantin-medien.de
ISIN: DE0009147207, DE000A1R07C3
WKN: 914720, A1R07C
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange





 
End of Announcement DGAP News Service




667223  22-March-2018 CET/CEST







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