RCS - Highlight E & E AG - US sanctions against Alex Studhalter lifted
10/06/2024 07:00
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RNS Number : 7648R Highlight Event & Entertainment AG 10 June 2024
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 (mailto: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
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