TV-Loonland AG / AGM/EGM
20.11.2008
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Munich, 20 November 2008 - At the ordinary Annual General Meeting of
TV-Loonland AG held yesterday, 19 November 2008, resolutions on all items
on the agenda were passed with an overwhelming majority except for one. The
agenda item for a share consolidation, which, whilst approved by 70,78
percent, did not get passed as it required a 75 percent majority. The
company intends to bring the reversed split again on the agenda in the next
AGM to keep the way free for further equity issues.
Also at the AGM the company provided details of its intention to issue a
short term high yield bond in order to provide financing for the execution
of its business plan.
Simon Flamank, CEO of TV-Loonland said: 'Despite of the rejection of the
proposed share consolidation, we are very pleased with the outcome of the
AGM and its endorsement of our business plans and strategies which we
presented to our shareholders. We look forward to 2009 where we will
continue to both further develop our most successful properties and to
invest in new projects, thereby building value in the company.'
The voting results for the respective agenda items can be found on
http://ir.tv-loonland.de within the AGM section.
PR-ID 21-081120
About TV-Loonland
TV-Loonland is a brand management company primarily in the children's and
youth market focusing on high-quality content which it develops and
produces in house as well as coproduces with third party producers and
partners. With offices in key locations throughout Europe (Paris, Munich
and London) TV-Loonland is ideally positioned to identify, produce and
market top quality brands across all media including TV, Home
Entertainment, Licensing & Merchandising as well as digital media.
TV-Loonland's most recent successes include brands such as LITTLE PRINCESS,
THE OWL and PAT&STAN.
Press/PR
Mark Kilisek
Phone: +49 (0) 89 20 50 8 - 0
Fax: +49 (0) 89 20 50 8 - 199
E-Mail: mkilisek@loonland.com
TV-Loonland AG
Münchner Straße 16
85774 Unterföhring/München
Deutschland
DGAP 20.11.2008
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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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DGAP-News: TV-Loonland: AGM 2008 results
| Source: EQS Group AG