Global Entertainment AG
Advanced Inflight Alliance AG: Confirmation and firm establishment of a request of transfer as well as the intention of Global Entertainment AG to enter into a merger agreement;determination of the cash compensation in the amount of EUR 7.35 per share
Advanced Inflight Alliance AG / Key word(s): Squeeze Out/Squeeze Out 13.12.2013 19:29 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Non-binding voluntary Translation Ad hoc announcement in accordance with Section 15 of the German Securities Trading Act Confirmation and firm establishment of a request of transfer as well as the intention of Global Entertainment AG to enter into a merger agreement; determination of the cash compensation in the amount of EUR 7.35 per share Munich, December 13, 2013 - By letter of today, Global Entertainment AG with its registered office in Munich has confirmed and specified its request pursuant to Sec. 327 a para. 1 sentence 1 German Stock Corporation Act (AktG) in conclusion with Sec. 62 para. 1 and para. 5 German Transformation Act (UmwG) to bring the shareholders' meeting of Advanced Inflight Alliance AG to resolve on the transfer of all shares of the remaining shareholders to Global Entertainment AG against payment of a reasonable cash compensation. Further, Global Entertainment AG has also confirmed its intention to enter into a merger agreement in order to merge Advanced Inflight Alliance AG into Global Entertainment AG and to squeeze out any minority shareholders in this connection. Global Entertainment AG still holds more than 90 % of the share capital in Advanced Inflight Alliance AG. Global Entertainment AG has conveyed that the reasonable cash compensation to be paid to the minority shareholders to be squeezed out in accordance with Sec. 327a para. 1 sentence 1 German Stock Corporation Act (AktG) in conclusion with Sec. 62 para. 1 and para. 5 German Transformation Act (UmwG) shall amount to EUR 7.35 per share in Advanced Inflight Alliance AG. The management board of Advanced Inflight Alliance AG intends to conclude the merger agreement between Global Entertainment AG and Advanced Inflight Alliance AG within a short time. The shareholders' meeting of Advanced Inflight Alliance AG to pass the transfer resolution will probably take place on February 21, 2014. Advanced Inflight Alliance AG The Management Board 13.12.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Advanced Inflight Alliance AG Schellingstr. 35 80799 München Germany Phone: +49 (0)89 613805-0 Fax: +49 (0)89 613805-55 E-mail: info@aialliance.com Internet: www.advanced-inflight-alliance.com ISIN: DE0001262186 WKN: 126218 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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