Hamburg, May 3rd 2017 (pta033/03.05.2017/22:45) - Today SendR SE signed a sale and transfer agreement with Orchard Enterprises Entertainment GmbH (Hamburg) as purchaser and Sony Music Entertainment General Partnership (New York, U.S.A.) as guarantor regarding all shares in the company's subsidiaries finetunes GmbH (Hamburg) and Phonofile AS (Oslo, Norwegen). The purchase price for the shares is not a fixed amount, but will be finally determined pursuant to the applicable provisions of the agreement. The board of SendR SE estimates that the purchase price for the shares will probably be in a range between 19,6 MEUR and 21,6 MEUR.
The sale and transfer agreement includes several conditions precedent. Against the background that the shares are substantial assets of SendR SE, these conditions include that the general assembly of SendR SE approves the conclusion of the agreement. Therefore, the board will soon call a general assembly to which the approval will be proposed.
This announcement contains forward-looking statements that are subject to a number of risks and uncertainties. The forward-looking statements contained herein are based on the SendR SE Board of Directors' current plans, expectations and estimates as at the date of publication. Such statements constitute neither an assurance nor a guarantee, and are subject to a large number of known and unknown risks and uncertainties, some of which cannot be influenced by SendR SE. These risks and uncertainties mean that events that actually occur may differ substantially from the statements made here. SendR SE is not required to update or amend the forward-looking statements contained in this announcement in order to reflect events or circumstances that occur after the date of publication. This announcement does not constitute an offer or invitation to purchase any SendR SE securities, and is for information purposes only. All information contained in this announcement is addressed exclusively to persons living or having their place of business in Germany. In particular, this announcement does not constitute an offer or invitation to purchase any SendR SE securities for persons living or having their place of business in other countries, e.g. the USA, Japan and Canada.