Capital Increase Completion
13 Juli 2007 - 6:45PM
UK Regulatory
RNS Number:2497A
BKN International AG
13 July 2007
Press Release 13 July 2007
BKN International AG
("BKN" or "the Company")
BKN International AG Announces
Completion of Capital Increase
BKN, the media and entertainment company specialising in the children's market,
announces that it has completed a capital increase of 3,682,604 new no-par
value ordinary shares ("New Shares") at a price per share of Euro 2.45 as per the
rights offering period which ended yesterday. The total gross proceeds are
Euro 9,022,380.00 or approximately USD 12.5 million which will allow the Company
to proceed with its business plan as anticipated.
Of the 3,682,604 New Shares issued, a total of 894,309 New Shares were taken up
under the rights offer. The remainder of the New Shares were successfully placed
with institutional and other investors.
It is expected that the capital increase will be registered in Germany on
18 July and that dealings in the New Shares will commence in Frankfurt and
London on Friday 20th July.
-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
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