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Advanced Blockchain AG: Conclusion of a profit transfer agreement with nakamo.to GmbH and further blockchain participation

·2-min read

DGAP-News: Advanced Blockchain AG / Key word(s): Contract/Investment
06.10.2020 / 14:04
The issuer is solely responsible for the content of this announcement.

nakamo.to GmbH, a 100% subsidiary of Advanced Blockchain AG (Frankfurt, primary market, XETRA: ISIN DE000A0M93V6) expects significant profit increases in this and following years due to successful investments in digital assets. The Supervisory Board of Advanced Blockchain AG therefore intends to propose to the ordinary general meeting on October 29, 2020 that a profit transfer agreement be concluded between Advanced Blockchain AG and nakamo.to GmbH. Based on this contract, nakamo.to GmbH endeavors to transfer its entire profit directly to Advanced Blockchain AG for a period of at least five years.

The Annual General Meeting of Advanced Blockchain AG on October 29, 2020 will take place this year only in virtual form due to the current pandemic. Registered shareholders can follow the transmission on the Internet.

Advanced Blockchain is also pleased to announce an investment in an American blockchain company that develops financial technology solutions for established financial service providers. Unfortunately, the company cannot currently be named due to its customer structure, which includes well-known American financial companies. Advanced Blockchain AG will use its expertise to support its expansion into Europe.


Further information on Advanced Blockchain AG and its investments is available on its website, www.advancedblockchain.com.


06.10.2020 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Advanced Blockchain AG

Chausseestraße 86

10115 Berlin

Germany

Phone:

030403669510

Fax:

030403669511

E-mail:

info@advancedblockchain.com

Internet:

www.advancedblockchain.com

ISIN:

DE000A0M93V6

WKN:

A0M93V

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich, Stuttgart

EQS News ID:

1139184


 

End of News

DGAP News Service

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