DGAP-News: Your Family Entertainment AG
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Corporate News Your Family Entertainment AG
Your Family Entertainment AG: Rating "Very Sustainable"
Rating firm Asset Impact GmbH certifies Your Family Entertainment AG (WKN A161N1; ISIN DE000A161N14) to act sustainably and provides the rating "Very Sustainable"
Munich, November 10th, 2020
Asset Impact GmbH, Munich, has certified Your Family Entertainment AG (YFE) (WKN A161N1; ISIN DE000A161N14) to act sustainably in its current report dated November 6th, 2020.
The core business of Your Family Entertainment AG "YFE AG" "is sustainable and has a high "Sustainable Impact". Children and families all over the world are offered only high-quality, non-violent and educationally valuable content, which underscores the Company's educational mission. For a company of YFE AG's size, the ESG performance is appropriate, next to its core business, says Asset Impact's Sustainability Report.
Dr. Stefan Piëch, CEO of Your Family Entertainment AG: "We are very pleased with this rating, as it once again confirms our value-oriented approach. Already in 2009, INVERA Research certified YFE sustainable action, because we have been providing sophisticated, educational content and great entertainment valued by parents and loved by children all over the world".
The full sustainability report can be found under the following link on the YFE homepage (Investor Relations section):
YFE is currently pursuing a cash capital increase with subscription rights. With a subscription ratio of 10: 1, shareholders are offered up to 1,029,545 new shares at a subscription price of EUR 1.40 each; the option of additional subscriptions is available.
In the event of a full placement, YFE would receive gross proceeds of around EUR 1.44 million. The use of funds is the expansion of digital sales platforms and channels (e.g. via apps, own online channels, etc.), the further development of opportunities in the growth market "streaming/video-on-demand" (e.g. via development of digital direct sales systems etc.) and strengthening the equity base.
YFE is being advised in this capital increase by Small & Mid Cap Investment Bank AG, Munich.
About Your Family Entertainment AG
About Asset impact GmbH
|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, Stuttgart|
|EQS News ID:||1146942|
|End of News||DGAP News Service|