EQS-Adhoc

The Social Chain AG: Sale of the Agency Business in UK and USA - Seite 2

The buyer is financing the initial consideration by issuance of new shares. Completion of the transaction is therefore subject to successful placement of the new shares by the buyer. The parties envisage successful closing until mid-February.

The Company expects the sale to result in a non-cash effective impairment of the goodwill of the target companies in a high single digit million range which will be reflected in the 2022 consolidated financial statements.

 

www.thesocialchain.ag

 

Notifying Person:

Sarah Pust I Investor Relations

Gormannstraße 22

10119 Berlin

[phone]
[e-mail]

 

Important Notice

This announcement constitutes neither an offer nor a solicitation to purchase or subscribe for securities of the Company.

This announcement is not intended for distribution, directly or indirectly, in or into the United States or within the United States and may not be distributed to U.S. persons (as such term is defined in Regulation S under the Securities Act) or publications with a general circulation in the United States. This announcement does not constitute or form part of any offer to sell or the solicitation of an offer to purchase or subscribe for any securities in the United States. The securities are not and will not be registered under the Securities Act and may not be offered or sold in the United States absent registration under the Securities Act or an exemption from registration under the Securities Act. The Company does not intend to conduct a public offering of securities in the United States.

In the United Kingdom, this publication is only addressed to (i) persons falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), (ii) Persons falling within Article 49(2) (a) to (d) of the Order (high net worth corporations, partnerships, etc.) or (iii) persons to whom it may otherwise lawfully be made available under applicable securities laws (such persons collectively, the "Relevant Persons"). This publication must not be referred to or relied upon by any person other than a Relevant Person.