EQS-Adhoc

The Social Chain AG: Creditors' meeting today approves the intended sale of the DS Group, which is to be notarised shortly - probably also today - Seite 2

The sale is the result of a standard market M&A sales process conducted by the auditing firm Deloitte, in which offers from various interested parties were examined and evaluated in order to determine the best offer for the Company's creditors.

The agreement also includes the precautionary settlement of any claims of the Company or the administrator against the shareholders of the Acquiring Company and other related parties of the Target Company or its subsidiaries.

The management board of the Company will now implement the transaction in the short term - presumably today - and in particular conclude a share purchase agreement to be notarised. The management board of the Company expects the transaction to be completed by the end of November/beginning of December 2023, subject to the fulfilment of further customary closing conditions.

 

Notifying person:

Jana Walker I Investor Relations
Alte Jakobstraße 85/86
10179 Berlin

[phone]
[e-mail]

Important notes

This announcement may not be published, distributed or transmitted in the United States of America (including its territories and possessions, any state of the United States and the District of Columbia, "United States"), Canada, Australia, Japan or any other jurisdiction in which such publication, distribution or transmission would be unlawful. This announcement does not constitute or contain an offer or solicitation of an offer to purchase or subscribe for any securities in the United States, Australia, Canada or Japan or in any jurisdiction in which such offer or solicitation would be unlawful.

This communication does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company. The securities of the Company have already been sold.

In the member states of the European Economic Area other than Germany, this notice is only addressed to persons who are "qualified investors" within the meaning of Article 2(e) of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market ("Prospectus Regulation").