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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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09.12.2009
9. December 2009
Munich insolvency court decided that TV-Loonland AG has to go under preliminary
administration and mandated Attorney at law Dr. Ott as preliminary
administrator.
Due to the fact that the company´s shareholders repeatedly refused approval of a
share consolidation on 19th November 2008 and 26th November 2009, TV-Loonland
was not able to raise cash through an equity injection. Therefore the company
cannot clear all debts on the respective due dates.
Effective today, TV-Loonland appoints Dr. Michael Briem as its new CEO. At the
same time, Dr. Briem quits the company´s supervisory board. The CEO strongly
believes that the value of the company´s assets exceed all open debts and is
working closely with the preliminary administrator in order to further maximise
the value of these assets.
Further inquiry note:
TV-Loonland AG
Tel.: +49(0) 89205080
E-Mail: info@loonland.com
end of announcement euro adhoc
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issuer: TV-Loonland AG
Münchner Str. 16
D-85774 Unterföhring
phone: +49 (0)89 20508 100
FAX: +49 (0)89 20508 199
mail: info@loonland.com
WWW: www.loonland.com
sector: Media
ISIN: DE0005348403
indexes: Prime All Sharestockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Stuttgart, Düsseldorf, München
language: English
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