Issue of 4.2m new shares
22 Dezember 2003 - 8:00AM
UK Regulatory
RNS Number:5270T
BKN International AG
22 December 2003
Press Release 22 December 2003
BKN International A.G. issues 4.2 million new shares
BKN International A.G. ("BKN" or "the Company"), a global animation company
engaged in the distribution and marketing of animated children's television
programmes and related consumer products, today announces it has completed a
share capital increase through a placing of 4.2 million new shares at Euro 1.5
per share. The total gross proceeds are Euro 6.3 million. Application is being
made for admission of these shares to trading on AIM and dealings are expected
to commence on 23 December 2003.
This placing will allow the Company to expand and consolidate its business in
the UK and Europe, and market its forthcoming feature production, "Legend of the
Dragon"
Allen Bohbot, Chairman and Chief Executive of BKN International A.G., said: "As
a German company that earlier this month obtained the first fast track listing
of an AG on the AIM market of the London Stock Exchange, we are encouraged by
the successful placing of the new shares. This enhances our ability to develop
further the company's UK-based business."
Brown Shipley is Broker to the Company. Maclay Murray & Spens is acting as
solicitor to the Company. Teather & Greenwood is acting as Nominated Adviser.
- Ends -
Enquiries:
Wayne Mowat, Chief Financial Officer Tel: +44 (0) 20 7726 7016
Wayne.mowat@bknkids.com www.bknkids.com
Media Enquiries:
Bankside
Henry Harrison-Topham / Heather Salmond Tel: +44 (0) 20 7444 4140
heather.salmond@bankside.com www.bankside.com
Photography
Soft copies of photographs of Allen Bohbot (Chief Executive) are available from
Bankside. To arrange, please contact Heather Salmond on +44 (0) 20 7444 4148 or
heather.salmond@bankside.com
Notes to editors:
BKN International A.G. 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, including Pocket Dragon
Adventures, UBOS and Capertown Cops.
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 95
countries and territories in the children's programming market.
The Company's Film Library includes:
- Capertown Cops
- UBOS
- Kong - The Animated Series
- Roswell Conspiracies
- Monster Rancher
- Pocket Dragon Adventures
- Highlander- the animated series
This information is provided by RNS
The company news service from the London Stock Exchange
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