DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft: Three more investors announce conversion of bonds into new shares

Corporate News

DEAG: Three more investors announce conversion of bonds into new shares

Berlin, 03 May 2019 - DEAG Deutsche Entertainment Aktiengesellschaft (DEAG), Berlin, (ISIN: DE000A0Z23G6 | Ticker symbol: ERMK), informs that three more investors have announced to convert fifteen bonds (ISIN DE000A2AAX86) with a total par value of EUR 1,500,000.00 into new no-par value ordinary bearer DEAG shares (hereinafter "shares"). Based on the conversion ratio in the bond terms, this is the equivalent of 428,565 shares.

In June 2016, DEAG successfully launched a convertible bond issue with a total par value of EUR 5.7 million, and an interest rate of 6.00% in a private placement. By June 2018 EUR 1.4 million of the principal amount had been retired, leaving convertible bonds with a par value of EUR 4.3 million due on 30.06.2019. To this day, in total around 53% has been converted into new DEAG shares. Other investors have also announced further declarations of conversion to DEAG. The Executive Board of DEAG thanks the investor for their trust in the company. DEAG aims to use the funds of up to EUR 4.3 million released by the bond conversion to finance further internal and external growth.
 

About DEAG

DEAG Deutsche Entertainment Aktiengesellschaft (DEAG) is a leading entertainment service company and a provider of Live Entertainment in Europe with subsidiaries in its core markets. DEAG produces and profitably organises a broad range of live entertainment events and concerts. As a Live Entertainment service company with an integrated business model DEAG has extensive expertise in the organisation, marketing and holding of events, as well as in ticket sales via its own ticketing platform 'MyTicket' for its own and third-party content. The highly scalable business model of MyTicket strengthens DEAG on its way to increasing profitability. DEAG promotes around 4,000 concerts and events a year and currently sells more than 5 million tickets, of which a steadily increasing share is sold via its high-turnover ticketing platform MyTicket.

Founded in Berlin in 1978 and listed since 1998, DEAG's core businesses include Rock/Pop, Classics & Jazz, Family Entertainment and Arts+Exhibitions. The Family Entertainment and Arts+Exhibitions divisions in particular are of great importance to the further development of DEAG's own content. With its strong partner network, DEAG is excellently positioned in the market as an internationally active Live Entertainment service company.

DEAG shares (ISIN: DE000A0Z23G6 | WKN: A0Z23G | ERMK) are listed in the Prime Standard of the Frankfurt Stock Exchange, the quality segment of Deutsche Börse.
 

IR contact

cometis AG
Claudius Krause
Phone: +49-611-20585528
email: deag@cometis.de