mybet Holding SE signs Term Sheet for sale of its online business to a strategic investor
mybet Holding SE signs Term Sheet for sale of its online business to a strategic investorBerlin, July 13, 2018. The Management Board of mybet Holding SE (stocks: ISIN DE000A2LQ009, convertible bond 2017/2020: DE000A2G8472), with the consent of the Supervisory Board, signed a non-exclusive term sheet with a strategic investor on July 13, 2018. The subject matter of the term sheet is the possible sale of the company's online business operated under the domain www.mybet.com. In the process, the investor intends to acquire 100 percent of the shares in the Group member companies Personal Exchange International Ltd. ("PEI") and PNO Casino Ltd. ("PNO"). In this context, the investor will acquire the full and exclusive online rights to the "mybet" brand. In the process, mybet is allowed to continue to use these rights to an extent necessary for the continuation of its remaining business segments B2B services as well as for the operation of the stationary betting shops. The purchase price for the takeover of the online business is supposed to be in the high single-digit million range. The execution of the transaction is subject to the conclusion of a binding contract and the fulfilment of additional conditions. After a successful conclusion to the transaction, mybet Holding SE intends to focus on the Group's positively performing B2B service segments as well as the operation and expansion of the stationary betting shops.
Information and Explanation of the Issuer to this News:Reporting company: mybet Holding SE, ISIN DE000A2LQ009, in the Prime Standard segment of the Frankfurt Securities ExchangeReporting person: Markus Peuler, member of the Management BoardContact: mybet Holding SE Karl-Liebknecht-Strasse 32 D-10178 Berlin Investor & Public Relations tel +49 30 22 90 83-161 fax +49 30 22 90 83-150 e-mail email@example.com
13-Jul-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language: English Company: mybet Holding SE Karl-Liebknecht-Straße 32 10178 Berlin
Germany Phone: +49 30 22 90 83 0 Fax: +49 30 22 90 83 150 E-mail: firstname.lastname@example.org Internet: www.mybet-se.com ISIN: DE000A2LQ009 WKN: A2LQ00 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News Service
704591 13-Jul-2018 CET/CEST