DGAP-News: Staramba SE / Key word(s): Miscellaneous
Staramba SE: Successful pre-sale of its own cryptocurrency ROYALTY expected - CEO Christian Daudert to concentrate fully on Staramba SE in future

11.12.2017 / 09:00
The issuer is solely responsible for the content of this announcement.


Staramba SE: Successful pre-sale of its own cryptocurrency ROYALTY expected - CEO Christian Daudert to concentrate fully on Staramba SE in future

- Development of Staramba.spaces is driven forward at full speed

- Christian Daudert's focus reflects dynamic growth

- 11 Champions AG continues to hold 24 % of Staramba SE

Berlin, 11 December 2017

Staramba SE (XETRA: 99SC), listed in the General Standard, expects a successful pre-sale of the digital currency of its social VR network STARAMBA.spaces. With the inflow of funds from the first partial issue of its own brand currency "ROYALTY" in the form of convertible loans based on blockchain technology, Staramba.spaces is to be driven forward as planned for its market launch in September 2018. In the course of the planned jump in growth, Staramba plans to more than double the number of employees with more than 100 new hires. Staramba CEO Christian Daudert is also taking the company's growth into account and will be exclusively committed to Staramba SE in the future. As a result, Mr. Daudert will step down from his position as Chairman of the Management Board of Staramba's major shareholder 11 Champions AG and reduce his stake in the investment company.

"The current order situation of Staramba SE, the overall extremely positive business development and in particular the emerging successes of the pre-sale of our own cryptocurrency ROYALTY, require me to focus fully on our company and dedicate my full creativity to Staramba SE," says Christian Daudert, CEO of Staramba SE.

In order to implement Christian Daudert's exclusive engagement as CEO of Staramba SE, he has relinquished his majority stake in 11 Champions AG and will also make his mandate as CEO of 11 Champions AG available at short notice. This means that the attribution of its shares in Staramba SE to 11 Champions AG of around 24 % will no longer apply. The participation of 11 Champions AG in Staramba SE remains unchanged. "I am pleased to have found another anchor shareholder on the side of 11 Champions AG, who was not only prepared to take over my majority stake in 11 Champions AG but who will continue to hold our stake in Staramba SE on account of his own enthusiasm for Staramba SE," adds Christian Daudert.

The most recent decision by Christian Daudert does not result in any changes to the shareholder structure. The omission of Christian Daudert's majority holding in 11 Champions AG merely requires the omission of the cumulative voting rights announcement, so that Christian Daudert and 11 Champions AG will in future have to publish isolated voting rights announcements. Christian Daudert continues to be one of Staramba SE's largest strategic shareholders with just under 9.5 % of the voting rights.

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Staramba SE (ISIN DE000A1K03W5) - General Standard/Regulated Market

About Staramba SE
The Staramba SE from Berlin (XETRA: 99SC) is a virtual reality (VR) pioneer with unique hardware and software expertise. The flagship project is the development of the world's first social VR network with lifelike avatars STARAMBA.spaces: a new virtual world in which fans can interact up close with international stars from sport, music and entertainment. Photorealistic avatars that do not exist in any other platform and the integration of social media channels make STARAMBA.spaces a unique VR experience. The VR pioneer has also built the world's most comprehensive database of photorealistic 3D models of top international stars, which are sold via its own online shop. These include footballers from top teams such as the DFB-Elf, FC Bayern Munich and Real Madrid or superstars of the NFL and WWE. Another business area is the 3D-INSTAGRAPH(R) photogrammetry scanner developed by Staramba. This enables certified partners to scan consumers and generate photorealistic 3D avatars for a wide variety of applications. The use of such avatars will substantially change the economy in the future. Staramba has also announced its own cryptocurrency ROYALTY, which has the potential to revolutionize the global licensing industry. In a first step, ROYALTY will be used within STARAMBA.spaces. Staramba SE is listed in the General Standard of the Frankfurt Stock Exchange.

For further information, please contact: Staramba SE; Marc Heydrich, Investor Relations; Aroser Allee 66; 13407 Berlin; Germany; Tel.: +49 (0) 30 403 680 14-0; Fax: +49 (0) 30 403 680 14-1; E-Mail: heydrich@staramba.com; www.staramba.com



11.12.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Staramba SE
Aroser Allee 66
13407 Berlin
Germany
Phone: +49 (0) 30 403 680 14-0
Fax: +49 (0) 30 403 680 14-1
E-mail: heydrich@staramba.com
Internet: www.staramba.com/
ISIN: DE000A1K03W5
WKN: A1K03W
Listed: Regulated Market in Berlin, Frankfurt (General Standard)

 
End of News DGAP News Service

637419  11.12.2017 

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