YOUR FAMILY ENTERTAINMENT AG (FRA:RTV) EQS-Adhoc: Your Family Entertainment Aktiengesellschaft plans capital increase of up to 10% of the share capital
Transparency directive : regulatory news
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EQS-Ad-hoc: Your Family Entertainment AG / Key word(s): Capital Increase Ad hoc announcement
Your Family Entertainment Aktiengesellschaft plans capital increase of up to 10% of the share capital Munich, 1 February 2024 The Management Board of Your Family Entertainment Aktiengesellschaft (YFE), Munich, (ISIN DE000A161N14) plans to carry out a capital increase of up to 10% of the company's share capital, excluding shareholders' subscription rights, making partial use of the Authorized Capital 2022 created by resolution of the company's Annual General Meeting on 28 June 2022. The new shares are to be placed with selected investors. Subject to final decisions of the company's Management and Supervisory Boards, the company plans to execute the capital increase in the first half of 2024. Considering requirements under stock corporation law for setting the final placement price, the Management Board expects gross issue proceeds of up to approximately EUR 5 million depending on the company's share price in the specific period of the final decisions by the Management and Supervisory Boards, this figure may deviate. The company intends to use the proceeds from this planned capital measure to build up capacities and partnerships in the field of artificial intelligence (AI), for possible new productions from YFE's IP catalog, the further expansion of digital platforms ("streaming/video-on-demand") and the pursuit of potential M&A transactions.
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End of Inside Information
01-Feb-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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, Stuttgart |
| EQS News ID: | 1828003 |
| End of Announcement | EQS News Service |
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1828003 01-Feb-2024 CET/CEST