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    Nakiki SE: Letter of Intent for Acquisition of Casino Lawsuit Portfolio; Disputed Value Approx. EUR 7 Million

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    • Nakiki SE signs Letter of Intent for lawsuit portfolio.
    • Disputed value of acquisition estimated at EUR 7 million.
    • Up to 25% success fee on litigation outcomes possible.

    EQS-Ad-hoc: Nakiki SE / Key word(s): Letter of Intent/Legal Matter
    Nakiki SE: Letter of Intent for Acquisition of Casino Lawsuit Portfolio; Disputed Value Approx. EUR 7 Million

    15-Aug-2024 / 08:38 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.


    The Nakiki SE announces that it has signed a Letter of Intent to acquire a portfolio of so-called casino and sports betting lawsuits with a disputed value of approximately EUR 6.3 million (plus interest of at least EUR 800,000, as well as additional costs). Nakiki SE or one of its subsidiaries intends to take over an existing portfolio of lawsuits instead of pursuing individual lawsuits as announced in the ad hoc announcement of April 17, 2024. The individual lawsuits mentioned in the ad hoc announcement of April 17, 2024, will not be financed for the time being.

    According to German case law from various legally binding decisions, players have a claim for reimbursement of gambling losses, as online casinos largely operated illegally until 2021. The lawsuits to be financed by Nakiki or Legal Finance are based on this legal perspective. A ruling from the German Federal Court of Justice (BGH) and the European Court of Justice (ECJ) is still pending.

    In the event of the acquisition of the portfolio and a successful outcome of the litigation, Nakiki or a financing subsidiary is entitled to up to 25% of the litigation success.

    Andreas Wegerich
    (CEO)

    NAKIKI SE  
    Johnsallee 30  
    20148 Hamburg

    Phone: +49 40 285 304 23-0  
    Internet: [https://nakikifinance.com/](https://nakikifinance.com/)  
    Email: info@nakikifinance.com

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


    End of Inside Information

    15-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: 1968433

     
    End of Announcement EQS News Service

    1968433  15-Aug-2024 CET/CEST

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    EQS-Adhoc Nakiki SE: Letter of Intent for Acquisition of Casino Lawsuit Portfolio; Disputed Value Approx. EUR 7 Million EQS-Ad-hoc: Nakiki SE / Key word(s): Letter of Intent/Legal Matter Nakiki SE: Letter of Intent for Acquisition of Casino Lawsuit Portfolio; Disputed Value Approx. EUR 7 Million 15-Aug-2024 / 08:38 CET/CEST Disclosure of an inside information acc. …