mybet Holding SE adopts refinancing measures

(PRESS RELEASE) -- Today, the Management Board and Supervisory Board of mybet Holding SE (ISIN DE000A0JRU67) have jointly adopted measures for refinancing the company.

First, with the approval of the Supervisory Board, the Management Board has resolved to increase the company’s share capital from €6,396,231 by up to €639,623 against cash contribution from Authorised Capital 2015/I, with the exclusion of the shareholders’ subscription rights. The new shares will be offered to investors by way of a private placement at the issue amount of €1.20 per share. When the issue amount was determined, the capital reduction in a ratio of 4:1 adopted at the General Meeting on 19 February 2018 was taken into account.

Second, with the approval of the Supervisory Board, the Management Board has resolved a resolution to issue up to 5,000 additional debentures of the convertible bond 2017/2020 (ISIN: DE000A2G8472) with a nominal value of up to €100.00 each, i.e., in a total nominal value of up to €500,000 (“New Debentures”). Along with the debentures of the convertible bond 2017/2020 already issued by granting subscription rights to the shareholders and bearers of the debentures of the convertible bond 2015/2020, the New Debentures form one single issue. The subscription and takeover of the New Debentures will also be executed by way of a private placement.

Moreover, a short-term loan amounting to €300,000 was taken out by the company.