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    DGAP-News  325  0 Kommentare mybet Holding SE: With the successful sale of the Spanish business, mybet is continuing to press ahead with restructuring


    DGAP-News: mybet Holding SE / Key word(s): Disposal
    mybet Holding SE: With the successful sale of the Spanish business,
    mybet is continuing to press ahead with restructuring

    12.08.2014 / 15:22

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    Kiel, August 12, 2014 - As planned, mybet Holding SE (Deutsche Börse Prime
    Standard; ISIN DE000A0JRU67) has divested itself of its shares of the
    Spanish companies Digital Distribution Management S.L. (DIGIDIS S.L.) and
    Digital Distribution Management Iberica S.A. (DIGIDIS S.A.). Through the
    successful sales, mybet has eliminated potential risks and thus is ensuring
    greater stability within the group.

    Already at the beginning of 2014, the new Management Board of mybet Holding
    SE, Sven Ivo Brinck, decided in the framework of the realignment of mybet
    not to continue the business of the DIGIDIS companies. The negative outlook
    for future profitability of the Spanish companies, among other things, was
    critical for this decision. Sven Ivo Brinck: "In order to make mybet
    competitive for the long haul, we implemented numerous measures in recent
    months for optimising its structure and increasing efficiency. In this
    context we also decided to sell the unprofitable Spanish business. As a
    result, we not only freed ourselves of legal and economic factors of
    uncertainty but also at the same time are creating available resources that
    we can use efficiently in other places of the group."

    The contract for the sale of DIGIDIS S.L. became effective with its
    notarial documentation on July 23, 2014, and the contract for the sale of
    DIGIDIS S.A. likewise became effective on August 8, 2014. The payments to
    mybet for the sale price of EUR 250 thousand for DIGIDIS S.L. and of EUR 25
    thousand for DIGIDIS S.A. were made by the purchasers in July 2014.

    DIGIDIS S.L. was formally deconsolidated pursuant to IFRS already on
    November 30, 2013, since at that time mybet Holding SE no longer controlled
    its corporate body. Since its time of acquisition, DIGIDIS S.A. had been
    carried at equity. The valuation of the investment, however, was completely
    adjusted at year end. To this extent, the sales proceeds that have now been
    realised lead to a positive one-time non-recurring effect in the amount of
    EUR 249 thousand.



    Contact:
    mybet Holding SE
    Investor Relations & Corporate Communications
    Yulia Link
    Tel. +49 (40) 85 37 88 47
    Fax +49 (40) 85 37 88 30
    Mail yulia.link@mybet.com



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    12.08.2014 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.
    Media archive at www.dgap-medientreff.de and www.dgap.de

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    Language: English
    Company: mybet Holding SE
    Jägersberg 23
    24103 Kiel
    Germany
    Phone: +49 40 85 37 88-0
    Fax: +49 40 85 37 88-30
    E-mail: ir@mybet.com
    Internet: www.mybet-se.com
    ISIN: DE000A0JRU67
    WKN: A0JRU6
    Listed: Regulierter Markt in Frankfurt (Prime Standard);
    Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
    Stuttgart


    End of News DGAP News-Service
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    281947 12.08.2014


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    DGAP-News mybet Holding SE: With the successful sale of the Spanish business, mybet is continuing to press ahead with restructuring DGAP-News: mybet Holding SE / Key word(s): Disposal mybet Holding SE: With the successful sale of the Spanish business, mybet is continuing to press ahead with restructuring 12.08.2014 / 15:22 …