DGAP-Adhoc: bet-at-home.com AG: Consolidated equity of bet-at-home.com AG increases by EUR 13.11 million as a result of the deconsolidation of bet-at-home.com Entertainment Ltd. as of June 30, 2022.
DGAP-Ad-hoc: bet-at-home.com AG / Key word(s): Half Year Report/Half Year Report
bet-at-home.com AG: Consolidated equity of bet-at-home.com AG increases by EUR 13.11 million as a result of the deconsolidation of bet-at-home.com Entertainment Ltd. as of June 30, 2022.
18-Jul-2022 / 18:36 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
On December 22, 2021, bet-at-home.com AG (hereinafter also referred to as the "Company") announced that, as a result of the discontinuation of the online casino in Austria, it is not possible to continue the Maltese bet-at-home.com Entertainment Ltd. in which the Company indirectly holds all shares.
As a result, winding up proceedings ('winding up by the court') were initiated.
The competent court in Malta has approved the execution of the winding-up proceedings.
Therefore bet-at-home.com Entertainment Ltd. is no longer to be consolidated in bet-at-home.com AG's consolidated half-year financial report (consolidated financial statements) as of June 30, 2022.
As a result of the deconsolidation, consolidated equity will increase by EUR 13.11 million to EUR 27.67 million on a preliminary and unaudited basis as of June 30, 2022, having no effect on profit or loss. As of December 31, 2021, consolidated equity amounted to EUR 17.04 million.
As a result, winding up proceedings ('winding up by the court') were initiated.
The competent court in Malta has approved the execution of the winding-up proceedings.
Therefore bet-at-home.com Entertainment Ltd. is no longer to be consolidated in bet-at-home.com AG's consolidated half-year financial report (consolidated financial statements) as of June 30, 2022.
As a result of the deconsolidation, consolidated equity will increase by EUR 13.11 million to EUR 27.67 million on a preliminary and unaudited basis as of June 30, 2022, having no effect on profit or loss. As of December 31, 2021, consolidated equity amounted to EUR 17.04 million.
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