DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft
/ Key word(s): Capital Increase
DEAG Deutsche Entertainment Aktiengesellschaft raises around EUR 6.06 million in new funds for acquisitions by way of a cash capital increase
Berlin, 5 May 2021 - DEAG Deutsche Entertainment Aktiengesellschaft ("DEAG") is increasing its share capital by 1,962,597 new shares from authorised capital, thereby raising around EUR 6.06 million in new funding. This represents a share of approximately 10.00% of the share capital and voting rights in DEAG prior to the capital increase taking effect.
The proceeds are to be used to take advantage of attractive market opportunities to acquire companies that are identified at short notice. DEAG is thus continuing to pursue its strategy of growth in key markets and extending its value chain.
For this capital increase, DEAG was able to rely on the support of its largest individual shareholder, Apeiron Investment Group Ltd., which had already supported DEAG's delisting and subscribed to the capital increase through Apeiron SICAV Limited - Live Opportunities Fund.
DEAG Deutsche Entertainment AG (DEAG) is a leading entertainment service company and provider of live entertainment in Europe. DEAG is present with its Group companies in 13 locations in its core markets of Germany, the UK, Switzerland, Ireland and Denmark. 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
05.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||DEAG Deutsche Entertainment Aktiengesellschaft|
|Potsdamer Straße 58|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Stuttgart, Tradegate Exchange|
|EQS News ID:||1192789|
|End of News||DGAP News Service|