Highlight Event & Entertainment AG US sanctions against Alex Studhalter lifted
June 10 2024 - 2:00AM
RNS Non-Regulatory
RNS Number : 7648R
Highlight Event & Entertainment AG
10 June 2024
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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
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Language:
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English
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Company:
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Highlight Event and Entertainment
AG
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Netzibodenstrasse 23b
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4133 Pratteln
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Switzerland
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Phone:
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+41 41 226 05 97
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Fax:
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+41 41 226 05 98
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E-mail:
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info@hlee.ch
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Internet:
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www.hlee.ch
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ISIN:
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CH0003583256
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Valor:
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896040
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Listed:
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SIX Swiss Exchange
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EQS News ID:
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1920997
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End of Announcement
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EQS News Service
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