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Your Family Entertainment AG: Rating 'Very Sustainable'

·3-min read

DGAP-News: Your Family Entertainment AG / Key word(s): Rating
10.11.2020 / 13:11
The issuer is solely responsible for the content of this announcement.

Corporate News Your Family Entertainment AG
(WKN A161N1; ISIN DE000A161N14)

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):

https://www.yfe.tv/investor-relations/research-analysen 

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
Your Family Entertainment AG ("YFE") (WKN [German security code number]: A161N1, ISIN: DE000A161N14, Abbreviation: RTV) with headquarters in Munich/Germany is a producer and distributor of high-quality children and family programs with one of the largest broadcaster-independent libraries in Europe. Its stock includes well-known series such as "Enid Blyton", "Fix & Foxi" and "Altair". YFE additionally operates the award-winning Pay-TV kids channel "Fix&Foxi" which is available in the GAS-Region (German) and in Africa and Middle East (Arabic and English). The Company also established free-to-air kids channel "RiC" with a current coverage of 34 Mio. households in the GAS region. In addition, YFE operates several mobile TV streams and digital channels worldwide.
 

About Asset impact GmbH
Asset Impact GmbH, founded in Munich in 2015, stands for a modern combination of classic investment expertise with sophisticated sustainability performance. It has set itself the goal of promoting sustainable, effective investing through simple solutions.


Contact:
Your Family Entertainment AG
Michael Huber
Tel.: +49 (0)89 / 99 72 71-0
Fax: +49 (0)89 / 99 72 71-91

EMail: michael.huber@yfe.tv

www.yfe.tv


10.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Your Family Entertainment AG

Nordendstr. 64

80801 München

Germany

Phone:

+49 (0)89 997 271-0

Fax:

+49 (0)89 997 271-91

E-mail:

ir@yfe.tv

Internet:

www.yfe.tv

ISIN:

DE000A161N14

WKN:

A161N1

Listed:

Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart

EQS News ID:

1146942


 

End of News

DGAP News Service

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