| Munich, Germany, 14 October 2009 – On 15 September 2009, TOMORROW FOCUS AG announced its intention to increase the company’s share capital by 12.5 percent or EUR 5,890,265 by drawing on its authorised capital to issue 5,890,265 new shares in exchange for cash contributions under a non-public offer.
The capital increase was fully subscribed by existing shareholders and has already been entered in the Commercial Register. As a result of the high level of interest in the offer, it was not possible to meet all the requests submitted for additional shares. |
Following the capital increase, which produced a net cash inflow of around EUR 16.0 million after deducting issuing costs, the company’s share capital rose from EUR 47,122,125 to the current figure of EUR 53,012,390. The new cash is intended to finance the complete takeover of EliteMedianet GmbH, Hamburg, Germany, which operates the premium online dating agency ElitePartner.de, as well as other potential acquisitions.
A number of major institutional investors used the capital increase as an opportunity to acquire a shareholding in Tomorrow Focus AG.
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About TOMORROW FOCUS AG:
TOMORROW FOCUS AG (ISIN DE0005495329) is based in Munich, Germany, and is an independent and broadly based internet media group. The company’s shares are publicly traded on the stock exchange. The main shareholder is Hubert Burda Media GmbH & Co KG.
The Group’s business operations are divided into the three divisions E-Commerce, Digital Marketing and Technologies:
The E-Commerce division includes HOLIDAYCHECK, the hotel rating and holiday/travel booking portal; ELITEPARTNER, a premium online dating portal; and PLAYBOY, the leading men’s lifestyle magazine in Germany.
The Digital Marketing division includes TOMORROW FOCUS SALES, which has established itself as one of the leading German online marketing providers, marketing not only partner portals such as BUNTE Online, CHIP Online and FAZ.NET, but also the Group’s own internet portals such as FOCUS Online, FINANZEN100 and JAMEDA.
Within the Technologies division, TOMORROW FOCUS TECHNOLOGIES GmbH and CELLULAR GmbH provide comprehensive IT services for the stationary and mobile internet.
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