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    Nakiki SE: Letter of Intent regarding Covid mask litigation; value in dispute up to EUR 34 million

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    • Nakiki SE signs Letter of Intent for Covid mask lawsuit.
    • Dispute value up to EUR 34 million, pending court case.
    • Participation in outcome ranges from 15% to 35%.

    EQS-Ad-hoc: Nakiki SE / Key word(s): Letter of Intent/Legal Matter
    Nakiki SE: Letter of Intent regarding Covid mask litigation; value in dispute up to EUR 34 million

    07-Aug-2024 / 10:34 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.


    Nakiki SE announces that its subsidiary Legal Finance SE has signed a Letter of Intent for the financing of a so-called corona mask lawsuit with a value in dispute of up to EUR 34 million including costs and interest.

    The company that concluded a contract with the Federal Republic of Germany for the supply of Covid masks in 2020 has not been paid and is suing for payment. The case is before the Court of First Instance.

    Depending on the outcome of the litigation, the letter of intent provides for a graduated participation of Nakiki SE or its subsidiary in the outcome of the litigation of 15 - 35%.

    This is not the lawsuit mentioned in the ad hoc announcement of 9 May 2024, which is still under review, but a different, independent lawsuit.


    NAKIKI SE
    Johnsallee 30
    20148 Hamburg
    Germany

    Phone: +49 40 285 304 23-0
    Internet: https://nakikifinance.com/
    E-mail: info@nakikifinance.com

    Commercial Register: AG Munich HRB 228000
    WKN: WNDL30
    ISIN: DE000WNDL300



     


    End of Inside Information

    07-Aug-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
    Archive at www.eqs-news.com


    Language: English
    Company: Nakiki SE
    Johnsallee 30
    20148 Hamburg
    Germany
    E-mail: info@nakikifinance.com
    Internet: https://nakikifinance.com/
    ISIN: DE000WNDL300, DE000WNDL318
    WKN: WNDL30, WNDL31
    Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
    EQS News ID: 1963055

     
    End of Announcement EQS News Service

    1963055  07-Aug-2024 CET/CEST

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    EQS-Adhoc Nakiki SE: Letter of Intent regarding Covid mask litigation; value in dispute up to EUR 34 million EQS-Ad-hoc: Nakiki SE / Key word(s): Letter of Intent/Legal Matter Nakiki SE: Letter of Intent regarding Covid mask litigation; value in dispute up to EUR 34 million 07-Aug-2024 / 10:34 CET/CEST Disclosure of an inside information acc. to Article …