mybet Holding SE: Management Board files for insolvency due to imminent illiquidity

17-Aug-2018 / 11:42 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014

The Management Board of mybet Holding SE (ISIN DE000A2LQ009, new shares: ISIN DE000A2LQ7F4, convertible bond 2015/2020: DE000A1X3GJ8 and 2017/2020: DE000A2G8472) today filed for insolvency at the local court of Charlottenburg due to imminent illiquidity. The group companies ANYBET GmbH and SWS GmbH are also affected by the application.

Information and Explanation of the Issuer to this News:

Reporting company:
mybet Holding SE, ISIN DE000A2LQ009, new shares: ISIN DE000A2LQ7F4, in the Prime Standard segment of the Frankfurt Securities Exchange

Reporting person:
Markus Peuler, member of the Management Board

888 Holdings plc ('the Company'): Update regarding German Litigation

The Company has previously reported that a subsidiary of its group of companies (the 'Group') has been the subject of a ruling on appeal by the German Federal Administrative Court which upheld an order prohibiting the provision of online gaming services in the German state of Baden-Württemberg.

After consulting with legal counsel, the Group's subsidiary has filed a constitutional complaint with the German Federal Constitutional Court in which it has asserted its position that the ruling of the German Federal Administrative Court infringes its constitutional rights, as well as its rights under EU law (including the freedom to provide services), and hence should be reversed.

The Company will continue to closely monitor the legal and regulatory developments in Germany and their implications on the status and of its offerings in this market.