Highlight Event and Entertainment Ltd’s Rights Offering

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On 7 November 2023 Highlight Event and Entertainment Ltd, which is listed on the SIX Swiss Exchange, completed a rights offering with net proceeds of CHF 41.2 million. The new shares were subscribed by or placed with existing shareholders, several backstop investors who had previously committed to the subscription by means of commitment letters as well as other private investors. The capital increase was carried out within the capital band by issuing 3.5 million new bearer shares at a subscription price of CHF 12 each by way of cash contributions and by offsetting various loans.

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