SPORTTOTAL AG: Annual General Meeting enables financing of further growth
DGAP-News: SPORTTOTAL AG
/ Key word(s): AGM/EGM
Corporate News SPORTTOTAL AG: Annual General Meeting enables financing of further growth - Annual General Meeting approves new Authorised Capital and the issuance of a convertible bond - Christoph Tönsgerlemann and Martin Ott affirmed as members of the Supervisory Board - Strategic focus on growth in the DIGITAL segment Cologne, 26 May 2021. SPORTTOTAL AG's Annual General Meeting which was held in a digital format this year as well has paved the way for financing the growth envisaged for SPORTTOTAL. With its approval of new Authorised Capital of around €15.5 million and the explicit approval of a convertible bond of around €7.0 million, the Annual General Meeting has enabled the financing of the company's growth plans. Despite the unrelenting massive impact of restrictions due to the COVID-19 pandemic on the SPORTTOTAL Group's business model, this is proof that the shareholders are still backing the growth plans. All the proposals put forward by management proposals were approved by a large majority of the voting capital present. Christoph Tönsgerlemann and Martin Ott were affirmed by the Annual General Meeting as members of the Supervisory Board. As CEO Peter Lauterbach explained in his Management Board speech, SPORTTOTAL's focus in the coming months will be on promoting the growth of sporttotal.tv, the streaming platform for live sports events, and on developing the area of local advertising bookings in particular. Discharge granted to the Management Board and Supervisory Board RSM GmbH selected as external auditor
SPORTTOTAL AG Am Coloneum 2
Investor Relations
26.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | info@sporttotal.com |
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: | 1200900 |
End of News | DGAP News Service |
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1200900 26.05.2021