Rights Offering
27 Juni 2007 - 6:30PM
UK Regulatory
RNS Number:1532Z
BKN International AG
27 June 2007
Press Release 27 June 2007
BKN International AG
("BKN" or "the Company")
BKN International AG Announces Rights Offering
BKN, the media and entertainment company specialising in the children's market,
announced today that the management board, with the consent of the supervisory
board, has resolved to issue up to 5,239,189 new ordinary shares with no par
value ("New Shares") which will be offered, by way of rights, to existing
shareholders of the Company in the ratio 1:3 during the time period from
29 June 2007 to 12 July 2007. The New Shares will be offered at Euro 2.45 per
share to raise up to approximately Euro 13.0 million.
The proceeds of the offer will be used to set up a state-of-the-art digital
high definition animation studio and to pay off the balance of the Company's
outstanding convertible bonds. It is intended to list the New Shares immediately
after they have been issued on the Frankfurt Stock Exchange (regulated market,
General Standard) and to admit for trading on the AIM market of the London Stock
Exchange.
Concord Effekten AG, the Company's German advisory bank, will handle this rights
offering in Germany and Hanson Westhouse, the Company's Nominated adviser and
broker in relation to its admission to AIM, has agreed to use reasonable
endeavours on behalf of the Company to place those New Shares not taken up by
existing shareholders under the offer with institutional and other investors.
The issue is not being underwritten.
A prospectus, which has been approved by BAFIN, the German financial services
regulator, has been issued today and posted on the Company's website.
-Ends-
Enquiries:
BKN International AG
--------------------
Allen Bohbot, Chief Executive Officer
Tel: +44 (0)20 7269 8683
allen.bohbot@bknkids.com
Wayne Mowat, Chief Financial Officer
Tel: +44 (0)20 7269 8687
wayne.mowat@bknkids.com
Sascha Ziemann, Finance Manager
Tel: +49 (0)221 5540 5190
sascha.ziemann@bknkids.com
Martina Michels, Investor Relations Manager
Tel: +49 (0)221 5540 5191
martina.michels@bknkids.com
Amelia Bedford, Senior PR Manager
Tel: +44 (0)20 7269 8670
amelia.bedford@bknkids.com
Laura Tapias, Managing Director
Tel: +34 93 368 18 00
laura.tapias@bknkids.com
Nicola Andrews, Managing Director
Tel: +44 (0)20 7269 8677
nicola.andrews@bknkids.com
Matthew Graham-Clare, Managing Director
Tel: +44 (0)20 7269 8678
matthew.graham-clare@bknkids.com
www.bknkids.com
Nominated Adviser & UK Broker:
-------------------------------
Hanson Westhouse Limited
Louis Castro / Richard Baty
Tel: +44 (0)20 7601 6100
louis.castro@hansonwesthouse.com
richard.baty@hansonwesthouse.com
Seydler AG in Germany / Designated Sponsor
------------------------------------------
Henriette Domhardt
Tel: +49 (0)69 92054-137
henriette.domhardt@cbseydler.com
Notes to editors:
About BKN:
BKN International AG is a global animation company engaged in the distribution
and marketing of animated children's television programmes and the marketing of
related consumer products (licensing and merchandising) in all forms. BKN has
worked on numerous successful animation projects.
The Company is currently listed on the Deutsche Bourse and AIM and it operates
all over the world. BKN has successfully negotiated distribution deals in over
95 countries and territories in the children's programming market.
The Company's Film Library includes:
- Legend of the Dragon
- Robin Hood
- Kong - The Animated Series
- Zorro: Generation Z
- Kong - King of Atlantis
- Roswell Conspiracies
- Kong II - Return to the Jungle
- Dork Hunters from Outer Space
- A Christmas Carol - Jungle Book
This information is provided by RNS
The company news service from the London Stock Exchange
END
PDIQDLFLDQBFBBF
Bkn Intl (BR) (LSE:BKN)
Historical Stock Chart
Von Dez 2024 bis Jan 2025
Bkn Intl (BR) (LSE:BKN)
Historical Stock Chart
Von Jan 2024 bis Jan 2025
Echtzeit-Nachrichten über Bkn Intl (BR) (Londoner Börse): 0 Nachrichtenartikel
Weitere Bkn International Ag News-Artikel