EQS-Adhoc: tokentus investment AG announces a non-cash impairment of an investment
EQS-Ad-hoc: tokentus investment AG / Key word(s): Miscellaneous
tokentus investment AG announces a non-cash impairment of an investment
02-March-2023 / 21:18 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.
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tokentus investment AG announces a non-cash impairment of an investment
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Frankfurt am Main, 2 March 2023 - The Management Board of tokentus investment AG (the "Company") (WKN A3CN9R / ISIN: DE000A3CN9R8) decided today to make a non-cash, unscheduled and full write-down on its investment in Celsius Network Ltd, London as of 31 December 2022.
The non-cash charge on the company's financial statements as at 31 December 2022 amounts to approximately € 1.2 million.
The reason for the write-down are the developments in the voluntary Chapter 11 proceedings of Celsius Network. From the company's point of view, a planned successful restructuring, in which the shareholders of Celsius Network are taken into account, is not apparent for various reasons.
Contact Investor Relations:
Oliver Michel
CEO of tokentus investment AG
Tel: +49 175 7222 351
oliver.michel@tokentus.com
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1573717 02-March-2023 CET/CEST