Your Family Entertainment AG / Key word(s): Miscellaneous
Supervisory Board resolution to convert bearer to registered shares
Munich, March 25 2015 - Management Board and Supervisory Board of Your Family Entertainment AG decided in the Supervisory Board meeting on 23 March 2015 to propose to the Annual General Meeting on 24 June 2015 to convert the Company's shares from bearer to registered shares.
Operating a TV station in Germany requires a regulatory permit on the basis of the German Broadcasting Act. By converting the Company's shares to registered shares the Company will ensure the lasting basis to operate its TV stations in compliance with the German Broadcasting Act is established. Adds Dr. Stefan Piëch, chairman of Your Family Entertainment AG: "The conversion to registered shares shall facilitate more direct communication with our shareholders and enable a more transparent register of our shareholder structure. We strive to communicate with our shareholders in a trusting and efficient manner. With the conversion to registered shares, we will be able to place a stronger focus on the needs and requirements of our shareholders."
More information is available on the Company's website under Investor Relations, section Registered Shares (http://www.yfe.tv).
Your Family Entertainment AG (WKN [German security code number]: 540891, ISIN: DE0005408918, Abbreviation: RTV) with its headquarters in Munich, was one founder of the first German private broadcaster, Sat.1, in 1984, contributed to the development of children's morning programming on Super RTL and is one of the founding members of Association of Private Broadcasters and Telemedia (VPRT). In addition, YFE is the producer and license distributor for high-quality programs for children and the whole family and has one of the largest broadcaster-independent program libraries in Europe. Its stock of programs includes well-known and beloved series such as "Enid Blyton", "Fix & Foxi" and "Altair". Since 2007, YFE operates the award-winning yourfamily Pay TV children's channel which is named "Fix&Foxi" since December 2014. RiC commenced broadcasting operations as a Free TV channel in September 2012. In addition, YFE operates 20 mobile TV broadcasters on the Hutchison 3 TV platform. YFE is headed by Dr. Stefan Piëch.
YFE Press: Anja Pohl email@example.com
Your Family Entertainment AG
Document title: Press release registered shares
2015-03-25 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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|Company:||Your Family Entertainment AG|
|Phone:||+49 (0)89 997 271-0|
|Fax:||+49 (0)89 997 271-91|
|Listed:||Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart|
|End of News||DGAP News-Service|