TV-Loonland AG
TV-Loonland AG announces sale of Metrodome – Mandatory public offer for all Metrodome shares
TV-Loonland AG / Disposal Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Munich / London, 16th May 2008 - TV-Loonland AG is pleased to announce the successful conclusion of the sale process of its shareholding in Metrodome Group plc, its UK subsidiary quoted on AIM. The deal has seen MediaPro Management SA of Bucharest, Romania, initially purchasing a 50.1% stake in Metrodome Group plc from TV-Loonland AG’s existing 61.7% holding in Metrodome at a price of 2.62 pence per share. The deal values TV-Loonland AG’s entire stake at approximately £2.0m (ca. €2.5 Mio.). In accordance with Rule 9 of the UK Takeover Code, MediaPro Management SA has today also announced a mandatory public offer at 2.62 pence per share for all the outstanding shares of Metrodome. This mandatory public offer will run for a period of 21 days, following which, TV-Loonland AG’s remaining 11.6% shareholding will either be acquired by MediaPro Management SA at the same price as the public offer, or sold in the market depending on the level of acceptances from the offer. Simon Flamank, CEO of TV-Loonland AG, commented 'The effect of this transaction coupled to the earlier announcement this week about the sale of the Hasbro Library back to Hasbro has enabled the group to repay all of its remaining €5m of bank debt and therefore become a debt free business for the first time in the past seven years, which was always our first objective.' 'We will now consider further the various alternative scenarios which may exist for the remaining core children’s animation business and in particular the new properties that we have been developing.' 'The conclusion of the sale process of Metrodome Group plc will also bring to an end my involvement as Chairman of that company, which has covered the past two years. Following the corporate and financial restructuring of the company that we undertook in the autumn of 2006 the company has increased its revenues in 2007 by some 66.7%, and over the last two years has acquired distribution rights for four Oscar nominated films, including one winner for Best Foreign Language Film, THE COUNTERFEITERS.' 'We are delighted with MediaPro’s involvement now in Metrodome and wish both parties every success for the future'. PR009-080516 About MediaPro Management SA MediaPro Management SA, which is based in Bucharest, Romania, is one of the leading media and entertainment groups in Romania with offices throughout Eastern Europe. It has operations in cinema and TV production and services, film, home video and music distribution, cinema exhibition, news agency, publishing, printing, internet portals, indoor advertising and telecoms. The MediaPro Group was founded in 1991, since when it has registered sustained growth and now owns over 30 media brands. In the year ended 31 December 2006, the MediaPro Group had combined sales of €75m, combined net assets of €23m and currently employs around 3,500 people. About Metrodome Metrodome is one of the leading independent film distributors in the UK. They cover a wide-ranging slate including groundbreaking documentaries, top end foreign language films and quality American independent films. Their previous releases include the cult phenomenon DONNIE DARKO, Lukas Moodysson's TOGETHER and LILYA 4 EVER, the much loved smash hit documentary SPELLBOUND, the Academy Award winning MONSTER starring Charlize Theron, THE ASSASSINATION OF RICHARD NIXON starring Sean Penn, THE CORPORATION and the Bafta nominated SHOOTING DOGS. Their recently successfully published titles include the psychological horror THEM, the official Algerian Oscar entry and French smash hit war epic DAYS OF GLORY (Indigenes) and Sarah Polley's directorial debut AWAY FROM HER starring Academy Award winner Julie Christie. Press Contact: Christelle Randall, Tel: +44- 207 153 4447 E-Mail: crandall@metrodomegroup.com About TV-Loonland TV-Loonland is a brand management company focusing on high-quality programming primarily in the children's and youth market. With office situated in key locations throughout Europe and beyond, TV-Loonland is ideally positioned to market its extensive library and its third party slate across all possible media channels including TV, Home Entertainment, Licensing & Merchandising as well as digital media, thereby establishing new brands. TV-Loonland enjoys worldwide distribution and licensing success with brands such as LITTLE PRINCESS, THE OWL and PETTSON AND FINDUS. Upcoming hit shows bearing great potential like PAT&STAN and RAYMOND can also be found within the Loonland slate. Apart from the distribution aspect, TV-Loonland gets also involved in the Development of new shows thereby teaming up with renowned broadcasters and co-productions partners. Contact: Press/Investor Relations Mark Kilisek/Wendelin Probst Tel.: +49 (0) 89 20 50 8 – 0 Fax: +49 (0) 89 20 50 8 – 199 E-Mail: mkilisek@loonland.com / wprobst@loonland.com TV-Loonland AG Muenchner Straße 16 85774 Unterfoehring/Munich Germany 16.05.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: TV-Loonland AG Münchner Straße 16 85774 Unterföhring Deutschland Phone: +49 (0)89 205 08 - 0 Fax: +49 (0)89 205 08-199 E-mail: info@loonland.com Internet: www.loonland.com ISIN: DE0005348403 WKN: 534840 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart, München, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
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