Company Announcements

Highlight Event and Entertainment AG / Key word(s): Personnel
US sanctions against major shareholder Alex Studhalter lifted

10-Jun-2024
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

Ad hoc announcement pursuant to Art. 53 LR

Pratteln, 10 June 2024

US sanctions against major shareholder Alex Studhalter lifted

Highlight Event and Entertainment AG (HLEE) is pleased to note that the US Office of Foreign Assets (OFAC) has removed Alexander Studhalter, a major shareholder of HLEE, from the US sanctions list. As far as HLEE is aware, there are therefore no longer any sanctions against the family Studhalter and the companies managed by them. Alexander Studhalter holds a 19.99% stake in HLEE via a company controlled by him, Swiss International Investment Portfolio AG (SWIIP).

After Alexander Studhalter was subject to US sanctions in November 2022, he resigned from his previous Board of Directors mandates at HLEE, Highlight Communications AG and various Group companies, and his shareholding fell to below 20% because of HLEE's capital increase in autumn 2023. Even though the HLEE Group was never subject to these sanctions, the lifting of the sanctions against Alexander Studhalter creates legal certainty, which HLEE believes will strengthen the confidence of customers, business partners and investors and facilitate a positive and valuable business performance.

Contact:

Highlight Event and Entertainment AG
Netzibodenstrasse 23b
4133 Pratteln
Investor Relations 
Phone: +41 41 226 05 97
info@hlee.ch
http://www.hlee.ch 

End of Inside Information

Language:

English

Company:

Highlight Event and Entertainment AG

Netzibodenstrasse 23b

4133 Pratteln

Switzerland

Phone:

+41 41 226 05 97

Fax:

+41 41 226 05 98

E-mail:

info@hlee.ch

Internet:

www.hlee.ch

ISIN:

CH0003583256

Valor:

896040

Listed:

SIX Swiss Exchange

EQS News ID:

1920997

End of Announcement

EQS News Service