The shareholding in Highlight Communications AG will be deconsolidated, irrespective of the above. The main consequences of the deconsolidation have already been described in the 2016 annual report of Constantin Medien AG.
The Management Board, together with a renowned German financial institution and several investors, is preparing a complete refinancing of the EUR 65 million corporate bond which will expire in April 2018. The Management Board is expecting to finalize the refinancing at more favorable terms by the end of the year.
For the benefit of the Company, the Management Board and the Supervisory Board target a short-term pacification of the current legal disputes in Germany and Switzerland to relieve the Company, both operationally and financially, and to entirely re-concentrate the resources on focusing the operational business activities.
By current status, the Company will publish the interim financial report 2017 until September 30, 2017. The interim financial report 2017 will already take into account the deconsolidation of the shareholding in Highlight Communications AG.
About Constantin Medien AG:
ISIN: DE0009147207, DE000A1R07C3
WKN: 914720, A1R07C
Listed: Regulated Market (Prime Standard) in Frankfurt, Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart and Tradegate Exchange
Contact PR:
Constantin Medien AG, Sabine Lais, Phone: +49 (0) 89 - 99 500 461, Fax: +49 (0) 89 - 99 500 466, E-Mail: sabine.lais@constantin-medien.de
Frank Elsner Kommunikation für Unternehmen GmbH, Phone: +49 (0) 5404 - 91 92 0, Fax: +49 (0) 5404 - 91 92 29
Contact IR:
Constantin Medien AG, Dr Matthias Kirschenhofer, Phone: +49 (0)89 - 99 500 436, Fax: +49 (0)89 - 99 500 433,
E-Mail: ir@constantin-medien.de
Constantin Medien AG, Münchener Straße 101g, 85737 Ismaning, Phone: +49 (0)89 - 99 500 0, Fax: +49 (0)89 - 99 500 111
Constantin Medien AG published this content on 20 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 September 2017 21:59:01 UTC.
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