Highlight Communications AG (XTRA:HLG) made a tender offer to acquire the remaining 20.56% stake in Constantin Medien AG (XTRA:EV4) for €44.3 million on June 20, 2019. Highlight Communications AG entered into an agreement to acquire the remaining 20.56% stake in Constantin Medien AG (XTRA:EV4) on July 29, 2019. The offer is in cash.

Pursuant to the terms of the offer, Highlight Communications AG will pay €2.3 for each share of Constantin Medien AG. Highlight Communications AG currently holds 79.44% stake in Constantin Medien AG. Highlight Communications AG currently intends, in alignment with Constantin Medien AG, to induce the revocation of the admission to trading of the Constantin-Shares on the regulated market (Prime Standard) of the Frankfurt Stock Exchange (so-called delisting).

Bafin approved the offer document. The completion of the delisting of the tender offer does not require any regulatory approvals. The acceptance period for the delisting offer started on July 31, 2019 and ends on August 28, 2019.

Until August 6, 2019, the delisting offer has been accepted for 117,384 Constantin shares, corresponding to approximately 0.13% of the share capital and voting rights of Constantin Medien. Stephan Aubel, Alexander Gebhardt, Jan-Rasmus Roßkamp, Jannik Hermes and Walter Andert of Gleiss Lutz acted as the legal advisors to Highlight Communications.