Splendid Medien AG: Successful Placement of Capital Increase
Press release - May 11, 2005
(Köln, 11.05.2005) The managing board and the supervisory board at Splendid Medien AG, Cologne decided today to increase the company's capital stock by 889.999 from 8,900,000.00 by issuing 889.999 new ordinary, registered shares, making use of the approved capital. The amount for which the new shares are issued is 1.01 per share. The statutory subscription right is excluded.
The VEM Aktienbank AG, Munich, known for its success with equity offerings, is executing the capital increase and is initially underwriting the total number of newly issued shares which, subsequently, in the course of a private placement, will be placed to individual private and institutional investors. There will be a request for admission of the new shares to trading.
The capital increase is the first step by Splendid Medien AG to permanently bolster the company's equity capital and financial base. The Cologne based media company will use the funds for its core business, home entertainment and film license trading. Other capital measures designed to realize attractive opportunities in the core segments are planned.
Further information available from:
Splendid Medien AG
Dr. Gert Fisahn
Alsdorfer Str. 3
Tel.: ++49 (0)221-95 42 32 34
Fax: ++49 (0)221-95 42 32 8