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_WIGE MEDIA AG (FRA:WIG1) SPORTTOTAL AG:

Directive transparence : information réglementée

19/12/2019 18:51

DGAP-Ad-hoc: SPORTTOTAL AG / Key word(s): Mergers & Acquisitions/Agreement
SPORTTOTAL AG:

19-Dec-2019 / 18:51 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.


SPORTTOTAL takes over all the shares in SPORTTOTAL International SA


- Financing via a Reserved Alternative Investment Fund (RAIF) not to be pursued
- SPORTTOTAL Group to have full control over international expansion in future
- ESL founder Ralf Reichert to be put forward as a member of the Supervisory Board

 

Cologne, 19 December 2019. Through its subsidiary sporttotal.tv GmbH, SPORTTOTAL AG is scheduled to take over the outstanding shares in SPORTTOTAL International SA, Luxembourg in the first quarter of 2020. Previously, the Groupe Fuchs (19.6%) and other minority shareholders (29.4%) had held the shares of SPORTTOTAL INTERNATIONAL SA, Luxembourg, besides sporttotal.tv gmbH (51%). Instead of financing for international growth via a fund (RAIF) planned by the Groupe Fuchs, sporttotal.tv will be using alternative financing instruments instead. The parties have reached an agreement today. As a result, the SPORTTOTAL Group will hold 100 percent of the shares in the future and will have full control of the international expansion of its multisport streaming and video-on-demand platforms. Up until now, sporttotal.tv has been broadcasting games from sports such as football, volleyball, hockey, basketball, futsal and ice hockey primarily in Germany using special video technology. In line with the original plan, additional European markets are to be developed through SPORTTOTAL International SA also after sporttotal.tv GmbH's takeover of all the shares.
 

While the short-term effect on the 2019 annual accounts for the Group has been estimated at around €-1 million, 100 percent of the earnings from the international expansion, along with all industrial property rights to the technology, will accrue to the shareholders of SPORTTOTAL AG in the future.
 

Furthermore, Jean Fuchs informed the Management Board and the Supervisory Board of SPORTTOTAL AG today of his intention to lay down his Supervisory Board mandate effective December 31. The company would like to give special thanks to Jean Fuchs for his great commitment. With the approval of SPORTTOTAL AG's Supervisory Board, the Management Board of SPORTTOTAL AG intends to apply to the competent registry court to appoint Ralf Reichert, founder and CEO of the European e-sports market leader ESL Gaming as a member of the Supervisory Board. Furthermore, Reichert is a member of the Executive Board of WESA World Esports Association, a member of the Advisory Board of Cologne Game Lab at the Technical University of Cologne, a member of the Advisory Board of Medien-Digital-Land NRW and a member of the Advisory Board of Gamescom, the world's largest gaming trade fair.

 

SPORTTOTAL AG
Am Coloneum 2
50829 Cologne
www.sporttotal.com
phone: +49 (0) 221_7 88 77_ 0
fax: +49 (0) 221_7 88 77_ 199
info@sporttotal.com

Investor Relations
BSK Becker+Schreiner Kommunikation GmbH
Tobias M. Weitzel
phone: +49 (0) 177_7 21 57 60
weitzel@kommunikation-bsk.de


19-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: SPORTTOTAL AG
Am Coloneum 2
50829 Köln
Germany
Phone: +49 (0)221 7 88 77 0
Fax: +49 (0)221 7 88 77 199
E-mail: info@sporttotal.com
Internet: www.sporttotal.com
ISIN: DE000A1EMG56
WKN: A1EMG5
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange
EQS News ID: 940969

 
End of Announcement DGAP News Service

940969  19-Dec-2019 CET/CEST

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