MYBET HOLDING SE (FRA:FXXN) mybet Holding SE signs Term Sheet for sale of its online business to a strategic investor

Transparency directive : regulatory news

13/07/2018 18:31




DGAP-Ad-hoc: mybet Holding SE / Key word(s): Letter of Intent/Disposal


mybet Holding SE signs Term Sheet for sale of its online business to a strategic investor


13-Jul-2018 / 18:31 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




mybet Holding SE signs Term Sheet for sale of its online business to a strategic investor

Berlin, 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 Exchange

Reporting person:

Markus Peuler, member of the Management Board

Contact:

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 ir@mybet.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: ir@mybet.com
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







fncls.ssp?fn=show_t_gif&application_id=704591&application_name=news&site_id=symex


Other stories

09/12/2018 22:42
09/12/2018 20:35
09/12/2018 18:44
09/12/2018 20:29
09/12/2018 22:57
09/12/2018 23:05
09/12/2018 21:54
09/12/2018 20:48
10/12/2018 01:06
09/12/2018 22:41
08/12/2018 23:44
08/12/2018 17:26
09/12/2018 16:01
09/12/2018 18:46
09/12/2018 13:31
09/12/2018 09:20
10/12/2018 00:05
09/12/2018 15:30
09/12/2018 10:00
09/12/2018 18:22
09/12/2018 23:42
10/12/2018 00:16
09/12/2018 03:05
09/12/2018 19:29
09/12/2018 19:00
09/12/2018 23:27
10/12/2018 01:01
09/12/2018 18:07
08/12/2018 16:25
09/12/2018 08:37
08/12/2018 03:24
09/12/2018 19:17
09/12/2018 23:12
09/12/2018 17:38
08/12/2018 08:30
09/12/2018 15:34