PRESS RELEASE
from Nakiki SE (isin : DE000WNDL300)
EQS-Adhoc: Nakiki SE: Letter of Intent for Acquisition of Casino Lawsuit Portfolio; Disputed Value Approx. EUR 7 Million
EQS-Ad-hoc: Nakiki SE / Key word(s): Letter of Intent/Legal Matter
Nakiki SE: Letter of Intent for Acquisition of Casino Lawsuit Portfolio; Disputed Value Approx. EUR 7 Million
15-Aug-2024 / 08:38 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.
The Nakiki SE announces that it has signed a Letter of Intent to acquire a portfolio of so-called casino and sports betting lawsuits with a disputed value of approximately EUR 6.3 million (plus interest of at least EUR 800,000, as well as additional costs). Nakiki SE or one of its subsidiaries intends to take over an existing portfolio of lawsuits instead of pursuing individual lawsuits as announced in the ad hoc announcement of April 17, 2024. The individual lawsuits mentioned in the ad hoc announcement of April 17, 2024, will not be financed for the time being.
According to German case law from various legally binding decisions, players have a claim for reimbursement of gambling losses, as online casinos largely operated illegally until 2021. The lawsuits to be financed by Nakiki or Legal Finance are based on this legal perspective. A ruling from the German Federal Court of Justice (BGH) and the European Court of Justice (ECJ) is still pending.
In the event of the acquisition of the portfolio and a successful outcome of the litigation, Nakiki or a financing subsidiary is entitled to up to 25% of the litigation success.
Andreas Wegerich
(CEO)
NAKIKI SE
Johnsallee 30
20148 Hamburg
Phone: +49 40 285 304 23-0
Internet: [https://nakikifinance.com/](https://nakikifinance.com/)
Email: info@nakikifinance.com
Commercial Register: AG München HRB 228000
WKN: WNDL30
ISIN: DE000WNDL300
According to German case law from various legally binding decisions, players have a claim for reimbursement of gambling losses, as online casinos largely operated illegally until 2021. The lawsuits to be financed by Nakiki or Legal Finance are based on this legal perspective. A ruling from the German Federal Court of Justice (BGH) and the European Court of Justice (ECJ) is still pending.
In the event of the acquisition of the portfolio and a successful outcome of the litigation, Nakiki or a financing subsidiary is entitled to up to 25% of the litigation success.
Andreas Wegerich
(CEO)
NAKIKI SE
Johnsallee 30
20148 Hamburg
Phone: +49 40 285 304 23-0
Internet: [https://nakikifinance.com/](https://nakikifinance.com/)
Email: info@nakikifinance.com
Commercial Register: AG München HRB 228000
WKN: WNDL30
ISIN: DE000WNDL300
End of Inside Information
15-Aug-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | Nakiki SE |
| Johnsallee 30 | |
| 20148 Hamburg | |
| Germany | |
| E-mail: | info@nakikifinance.com |
| Internet: | https://nakikifinance.com/ |
| ISIN: | DE000WNDL300, DE000WNDL318 |
| WKN: | WNDL30, WNDL31 |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1968433 |
| End of Announcement | EQS News Service |
1968433 15-Aug-2024 CET/CEST