SPORTTOTAL AG

  • WKN: A1EMG5
  • ISIN: DE000A1EMG56
  • Land: Deutschland

Nachricht vom 13.06.2019 | 14:18

SPORTTOTAL AG: extraordinary income of EUR25 million from the assigning of IP rights for the international expansion of sporttotal.tv

SPORTTOTAL AG / Key word(s): Expansion
SPORTTOTAL AG: extraordinary income of EUR25 million from the assigning of IP rights for the international expansion of sporttotal.tv

13-Jun-2019 / 14:18 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.


Disclosure of insider information pursuant to Article 17 MAR
SPORTTOTAL AG, ISIN: DE000A1EMG56 / WKN: A1EMG5


SPORTTOTAL AG: extraordinary income of EUR25 million from the assigning of IP rights for the international expansion of sporttotal.tv

Cologne/Luxembourg, 13 June 2019. SPORTTOTAL AG's Management Board took the decision today to support the expansion plans of SPORTTOTAL International SA, Luxembourg and, to this end, to assign the intellectual property rights to the SPORTTOTAL technology platform for the markets outside Germany to SPORTTOTAL International SA, Luxembourg. SPORTTOTAL International SA, Luxembourg, will finance itself via a Reserved Alternative Investment Fund (RAIF) that is directly ready for launching. The company will equip amateur football clubs throughout Europe with special video technology which enables sports events to be transmitted live in a high quality and fully automatically using the new "sporttotal.tv" platform. In an initial phase through to 2024, up to 7,000 cameras are to be installed at amateur football facilities across Europe. The aim is to generate revenues of more than EUR80 million through to 2024, together with local advertising partners, national sponsors, paid content and value-added services, with an EBITDA margin significantly higher than 50 percent. These earnings will be used to repay the RAIF loan. SPORTTOTAL International SA will pay SPORTTOTAL AG a total of EUR25 million over a period of three years for the assignment of the intellectual property rights to the international markets, EUR10 million of which to sporttotal.tv gmbh, a wholly-owned subsidiary of SPORTTOTAL AG, before the end of the financial year 2019. The SPORTTOTAL Group will book these payments at sporttotal.tv gmbh as extraordinary income. Furthermore, the SPORTTOTAL Group will participate directly in the development of SPORTTOTAL International SA as it holds a stake via sporttotal.tv of 51 percent in the shares. In future, SPORTTOTAL AG will account for SPORTTOTAL International SA as an affiliated company in accordance with the equity method (IAS 28). Even if the revenues and profit are not included directly in SPORTTOTAL AG's income statement, the success of this participation exerts a major influence on the performance of SPORTTOTAL AG.

SPORTTOTAL AG
Am Coloneum 2
50829 Cologne
Germany
www.sporttotal.com
Tel: +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
Tel: +49 (0)177_7 21 57 60
weitzel@kommunikation-bsk.de




Contact:
Company:
SPORTTOTAL AG
Am Coloneum 2
50829 Köln
Germany
www.sporttotal.com
Tel: +49 [0] 221_7 88 77_ 0
Fax: +49 [0] 221_7 88 77_ 199 Email: info@sporttotal.com

Investor Relations:
BSK Becker+Schreiner Kommunikation GmbH
Tobias M. Weitzel
Tel.: +49 [0] 2154_ 81 22 16
Email: weitzel@kommunikation-bsk.de

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



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