07 November 2023 I Deals and Cases

Bär & Karrer Advises Highlight Event and Entertainment on its Rights Offering

Today, Highlight Event and Entertainment AG, 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 and on the basis of the offering and listing prospectus of 24 October 2023.

Bär & Karrer acted as legal counsel to Highlight Event and Entertainment in this transaction. The team was led by Urs Kägi and consisted of Marie-Cristine Kaptan, Linus Zweifel, Fabian Schlegel and Gabriela Schiltknecht (all Capital Markets/Listed Companies) as well as Thomas Stoltz and Fabian Turtschi (both Notarial Services).