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Sporttotal AG
Legal Proceedings Report • Dec 8, 2022
4529_rns_2022-12-08_82ec4886-d1c2-4aca-bf1a-201578098258.html
Legal Proceedings Report
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Ad-hoc | 8 December 2022 16:57
SPORTTOTAL AG releases litigation provisions of around EUR 1.8 million
SPORTTOTAL AG / Key word(s): Legal Matter
SPORTTOTAL AG releases litigation provisions of around EUR 1.8 million
08-Dec-2022 / 16:57 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.
SPORTTOTAL AG releases litigation provisions of around EUR 1.8 million
- SPORTTOTAL AG has reached a mutual agreement on a settlement in the context of a legal dispute with a former business partner.
- Provisions of around EUR 1.8 million will be released with effect on earnings in the current financial year
Cologne, December 8, 2022. SPORTTOTAL AG (“ Company” ) has reached a settlement in a legal dispute with a former business partner. The Company today took receipt of the relevant court ruling. The Company is therefore in a position to release provisions of around EUR 1.8 million set up for this lawsuit in 2019. An unscheduled effect on earnings will therefore be achieved in the total amount of the provisions released. The parties have otherwise agreed to keep the content of the settlement confidential.
SPORTTOTAL AG
Am Coloneum 2
50829 Cologne
Germany
Phone: +49 (0)221_7 88 77_ 0
08-Dec-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | SPORTTOTAL AG |
| Am Coloneum 2 | |
| 50829 Köln | |
| Germany | |
| Phone: | +49 (0)221 7 88 77 0 |
| Fax: | +49 (0)221 7 88 77 199 |
| E-mail: | [email protected] |
| Internet: | www.sporttotal.com |
| ISIN: | DE000A1EMG56 |
| WKN: | A1EMG5 |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1508743 |
| End of Announcement | EQS News Service |