Elite World S.A.
Elite World S.A.: – Capital Increase through a Rights Offering to the Shareholders
Elite World S.A. / Key word(s): Capital Increase/Capital Increase 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. 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: End of Corporate News 22.10.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
235672 22.10.2013 |