DGAP-News: Elite World S.A.: - Capital Increase through a Rights Offering to the Shareholders
(firmenpresse) - DGAP-News: Elite World S.A. / Key word(s): Capital Increase/Capital
Increase
Elite World S.A.: - Capital Increase through a Rights Offering to the
Shareholders
22.10.2013 / 18:45
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Elite World S.A. - Capital Increase through a Rights Offering to the
Shareholders
Luxembourg, October 22, 2013 - Following the resolution of the Board of
Directors of Elite World S.A. (ISIN LU0252519037) to approve a share
offering to the shareholders of the Company under a rights issue of up to
49,702,500 new shares without a nominal value, representing a capital
increase of up to EUR 35,745,463.38, approval has been obtained from the
Commission de Surveillance du Secteur Financier (CSSF) to issue the
respective prospectus. The issue price amounts to EUR 0.80 per new share,
so the total cash to be received by the company will be up to EUR
39,762,000.00. The subscription ratio of the capital increase is 2:5, i.e.
two subscription rights, respectively two existing shares, entitle
shareholders to subscribe for five new shares. Each existing share grants
one subscription right.
The subscription period for the new shares commences on October 24 and ends
on November 22, 2013. A person who wishes to exercise its preferential
subscription rights must submit to its custodian bank the subscription
order that its custodian bank has made available to it and pay the
aggregate subscription price in accordance with the instructions of its
custodian bank and within the deadline set by it. There will be no
organised trading in subscription rights.
The new shares will carry the same rights as all other existing shares in
the Company and confer no additional rights or benefits.
The net proceeds from the capital increase are intended to be used in
principal for the financing of working capital needs, strategic
acquisitions of other model management companies and financing of organic
growth.
The prospectus and the notice to the shareholders regarding the rights
issue are available for viewing on the website of the Company
(www.elitemodelworld.com/financial) and can also be obtained from the group
head office at Elite World S.A. 28, Boulevard d'Avranches, L-1160
Luxembourg, R.C.S. Luxembourg B73.844 (free of charge).
Elite World S.A.
The Board of Directors
About Elite World
Elite World S.A. is an international model management company with
currently more than 150 employees in the group. The Elite Network comprises
wholly owned agencies in 10 countries and franchises in a further 10
countries that have licensed the 'Elite Model Management Concept'. Elite
can offer its clients a complete range of models for any booking
requirements. Elite models are organized into several distinct categories
such as Catwalk, Main Board, Catalogue, Celebrity, New Faces and Men.
In addition to its core business of model management, the Elite Group has
an additional two business divisions:
The 'Elite Licensing' division which involves principally the granting of
licenses based on the Elite Group's trademarks to distributors for consumer
products to be sold under the Elite brand.
The 'Elite Model Look' division which organises the international model
search contest 'Elite Model Look' with the Elite Model Look World Final as
its yearly highlight.
Disclaimer:
This announcement is an advertisement and not a prospectus and it is not
for distribution, directly or indirectly, in or into the United States
(including its territories and possessions, any State of the United States
and the District of Columbia).
Investors should not purchase or subscribe for any shares referred to in
this announcement (the 'new shares') except on the basis of information in
the prospectus dated October 18, 2013 by Elite World S.A. in connection
with the offering of such new shares. The prospectus is available for
viewing on the website of the Luxembourg Stock Exchange (www.bourse.lu) and
of the Company (www.elitemodelworld.com/financial). A copy of the
prospectus is also available from Elite World S.A. 28, Boulevard
d'Avranches, L-1160 Luxembourg, R.C.S. Luxembourg B73.844 (free of charge).
The new shares are only offered to the public in the Grand Duchy of
Luxembourg and the Federal Republic of Germany. Offers of new shares may be
made in other Member States of the European Economic Area only on reliance
on one or more exemptions from prospectus requirements under Directive
2003/71/EC (as amended), as implemented in the relevant Member State. There
will be no offer of new shares to the public in the United States of
America, Canada, Australia and Japan.
The new shares are and will be in particular registered neither in
accordance with the United States Securities Act from 1933, as amended (the
Securities Act) nor in accordance with the Securities Acts of individual
states of the United States of America and must not be offered or sold
within the United States of America or to a U.S. person or to a U.S.
person's account or for the benefit of a U.S. person (as defined in the
regulation S of the Securities Act), unless this is done in accordance with
an exemption from the registration duties of the Securities Act or of the
Securities Acts of individual states of the United States of America or in
a transaction which is not subject to the mentioned regulations.
Contact Details:
Elite World S.A.
Attn. Investor Relations
28, Boulevard d'Avranches
L-1160 Luxembourg
Telephone : +352 26 26 29 25
Email: ir(at)elitemodelworld.com
End of Corporate News
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22.10.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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235672 22.10.2013
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Datum: 22.10.2013 - 18:45 Uhr
Sprache: Deutsch
News-ID 308219
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Kategorie:
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