EQS-Adhoc

TeamViewer AG: Manchester United and TeamViewer reach agreement on future partnership

EQS-Ad-hoc: TeamViewer AG / Key word(s): Miscellaneous TeamViewer AG: Manchester United and TeamViewer reach agreement on future partnership 15-Dec-2022 / 22:15 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Manchester United and TeamViewer reach agreement on future partnership Manchester/Goppingen, 15 December 2022 – After a period of collaborative, private discussions over the past months, Manchester United and TeamViewer AG have reached a mutually-beneficial agreement under which Manchester United shall have the option to buy back the rights to the club’s shirt front sponsorship. This will allow Manchester United to commence a focused sales process for a new long-term shirt front partner with the expectation for TeamViewer to transition out of this role as soon as practicably possible.

Once a new shirt front partner is selected and takes on this role, TeamViewer AG will remain part of Manchester United’s partner ecosystem until the end of the original contract term, with an adapted scope of partnership. This would lead to a substantial reduction of partnership volume to a single-digit million USD amount p.a., resulting in a significant positive impact on TeamViewer’s profitability. The adapted partnership would enable TeamViewer to continue its brand-building efforts, benefiting from Manchester United’s unique platform, while at the same time reflecting a changed macro-economic environment in its cost base.

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Press Contact  Martina Dier Director, Global Communications E-Mail: [e-mail]

Investor Relations Contact Ursula Querette Vice President Capital Markets E-Mail: [e-mail]

 

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15-Dec-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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Language:	English
Company:	TeamViewer AG
	Bahnhofsplatz 2
	73033 Göppingen
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.teamviewer.com
ISIN:	DE000A2YN900
WKN:	A2YN90
Indices:	MDAX, TecDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1514673

End of Announcement	EQS News Service

1514673  15-Dec-2022 CET/CEST