Highlight Event & Entertainment AG US sanctions against Alex Studhalter lifted

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: [phone] [e-mail] http://www.hlee.ch            End of Inside Information

Language:	English
Company:	Highlight Event and Entertainment AG
	Netzibodenstrasse 23b
	4133 Pratteln
	Switzerland
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.hlee.ch
ISIN:	CH0003583256
Valor:	896040
Listed:	SIX Swiss Exchange
EQS News ID:	1920997

 

End of Announcement	EQS News Service

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

NRAUROVRSNUNARR