Annual General Meeting paves the way for growth financing

DGAP-News: SPORTTOTAL AG / Key word(s): Annual General Meeting
SPORTTOTAL AG: Annual general meeting sets course for growth financing
23.06.2022 / 16:08
The issuer is solely responsible for the content of this announcement.

SPORTTOTAL AG: Annual general meeting sets course for growth financing

– Annual general meeting decides on new authorized capital and issue of convertible bonds

– Strategic focus on growth in the DIGITAL segment

Cologne, June 23, 2022. The annual general meeting of SPORTTOTAL AG, which also took place in digital form this year, set the course for the financing of SPORTTOTAL’s planned growth. The Annual General Meeting approved new authorized capital of around €15.4 million for the purpose of future capital increases and to guarantee conversion rights for bearer bonds already issued and any future convertible bonds with a total volume of around €9.3 million to fund growth plans. This is impressive evidence that shareholders remain committed to growth plans. All motions of the administration were approved with a large majority of the voting capital present. As CEO Peter Lauterbach explained in his speech, SPORTTOTAL will focus in the coming months on driving the growth of sporttotal.tv, the streaming platform for live sporting events. In particular, the sales cooperation concluded with Telecom Germany for the fully automated camera system SPORTTOTAL based on artificial intelligence should make a contribution to sustainable development. Another focus in the DIGITAL segment is on the newly founded Forty10 GmbH, which has been given a multi-year contract in its function as a media house for moving image production as part of Telekom Deutschland’s MagentaTV.

The company’s shareholders also approved the resolutions proposed by the Supervisory Board and Management Board for the other items on the agenda with the required majority.

About SPORTTOTAL AG:
SPORTTOTAL AG (ISIN: DE000A1EMG56), headquartered in Cologne, is a technology and media company on a growth course in the rapidly scalable digital business with video platforms and communities, in the high-margin national and international project business and in the live events business. Founded in 1979, the company operates sporttotal, a fast-growing portal for online sports videos and live streaming. The company equips sports clubs with special camera technology that enables sporting events to be broadcast live in high quality and fully automatically on sporttotal.tv. The service portfolio of SPORTTOTAL AG also includes the technical equipment of racetracks and sports facilities as well as the production and marketing of sports events such as the ADAC TOTAL 24h race at the Nürburgring. In addition, SPORTTOTAL AG also produces content for well-known companies such as Porsche, Audi, Mercedes/AMG, Red Bull and VW, operates the linear channel #dabeiTV and organizes top-class live events such as the Porsche Experience.

SPORTTOTAL AG

At the colon 2
50829 Cologne
Germany
www.sporttotal.com
Phone: +49 (0)221_7 88 77_0
Fax: +49 (0)221_7 88 77_ 199
[email protected]

06/23/2022 Release of a Corporate News/Financial News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP Distribution Services include Regulatory Notices, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Leave a Comment