Further Delay in the Publication of the 2023 Financial Statements
|
EQS-News: LIBERO football finance AG
/ Key word(s): Annual Report
Frankfurt am Main, August 30, 2024 – LIBERO football finance AG ("LIBERO") announces that the publication of the financial statements for the fiscal year 2023 will be further delayed. Following the most recent postponement announced on July 31, 2024, which extended the deadline to the end of August 2024, the Management Board now anticipates that the publication will likely occur in mid-September 2024.
The reason for this additional delay is that a significant milestone related to the transaction announced in August 2023, concerning the partnership with FC Barcelona, was achieved in August 2024. However, the transaction has not yet been fully completed. On August 6, 2024, LIBERO successfully transferred a 6.14% stake in Bridgeburg Invest S.L. to a renowned large international corporation for c. EUR 25 million. Regarding the remaining part of the transaction (c. EUR 15 million), LIBERO is currently in final negotiations to transfer the remaining shares in Bridgeburg Invest S.L. Due to the large number of parties involved and the associated organizational challenges, the final completion of the transaction could not be achieved by August 30, 2024. As a result of the successful execution of the agreement on August 6, 2024, the legal dispute with Barça Producción S.L. was amicably resolved for the above-mentioned purchase price. The Management Board expects that the agreement for the transfer of the remaining shares in Bridgeburg Invest S.L. will be finalized shortly, leading to the complete resolution of the legal dispute in Spain. Furthermore, the Management Board believes that there is a high probability that no negative consequences will arise for LIBERO. The Management Board currently expects that by mid-September 2024, a sufficiently clear outlook on the development of the remaining proceedings will emerge. Based on this, the audit of the financial statements can be completed, and the 2023 financial statements will be published.
30.08.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | LIBERO football finance AG |
| Taunusanlage 9-10 | |
| 60329 Frankfurt am Main | |
| Germany | |
| E-mail: | info@libero-football-finance.com |
| Internet: | www.libero-football-finance.com |
| ISIN: | DE000A161N22 |
| WKN: | A161N2 |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart |
| EQS News ID: | 1978949 |
| End of News | EQS News Service |
|
|
1978949 30.08.2024 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.