16.11.2017 08:15:06

DGAP-Ad hoc: STARAMBA SE

DGAP-Adhoc: STARAMBA SE intends to issue its own digital currency for its social VR network based on blockchain technology

DGAP-Ad-hoc: Staramba SE / Key word(s): Miscellaneous
STARAMBA SE intends to issue its own digital currency for its social VR network based on blockchain technology

16-Nov-2017 / 08:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


The following information may not be published or forwarded to persons in the USA, Canada, Japan and Australia.

Disclosure of an inside information according to Article 17 MAR

STARAMBA SE intends to issue its own digital currency for its social VR network based on blockchain technology

Berlin, 16 November 2017 - Today, the Board of Directors of STARAMBA SE resolved to issue its own digital currency relating to STARAMBA.spaces, the social VR network of the company. The currency shall be issued under the name "ROYALTY". By issuing up to 500 million tokens of the currency, STARAMBA SE inter alia aims at financing the further development of its social VR network STARAMBA.spaces. STARAMBA.spaces has already been published as closed alpha and is currently being further developed. The digital currency is based on a blockchain technology which shall simplify transactions in the international licence industry and make such transactions more transparent.

The ROYALTY currency shall be issued step by step according to the Leondrino live-cycle and will start with the creation of so-called tokens which are built on the blockchain technology. Subject to certain pre-conditions, up to 500 million tokens shall be transformed into so-called coins. Eventually, the ROYALTY currency shall be admitted to public trading over the Leondrino platform (so-called ILO). In addition, STARAMBA SE shall be obliged to accept the ROYALTY currency for the products and services of STARAMBA.spaces. Further details to specific use-cases and the rollout of the digital currency will be announced by the company after close coordination with specialised service providers at a press conference on November 28, 2017, in the margins of the German Equity Forum in Frankfurt.

Parts of the currency shall be offered to selected investors as convertible loans in the course of this year. However, investors shall not be granted any convertible or similar rights regarding shares or equity-like rights of the company, but only the right to convert their loans into tokens of the ROYALTY currency. The same shall apply to tokens and coins which shall not contain any convertible or similar rights regarding shares or equity-like rights of the company, either. Finally, the conversion of the loans shall only apply with the issuance of class A Leondrino tokens, i.e., when the tokens are admitted to public trading by the competent authorities.

Disclaimer:

This publication and the information contained herein only serve information purposes and do not constitute a securities prospect and neither contain an offer to sell securities of STARAMBA SE nor an invitation to submit an offer to purchase securities in the United States of America, Canada, Japan or Australia. This publication and the information contained herein may not be distributed, published or transferred - be it directly or indirectly - in the United States of America, Canada, Japan or Australia. In the United States of America, securities may only be sold or offered for sale or purchase in the United States of America with prior registration under the provisions of the U. S. Securities Act of 1933, as amended, or without prior registration, only on the basis of a derogation. The shares of STARAMBA SE are not and will not be registered under the provisions of the U. S. Securities Act of 1933, as amended, or the securities laws of Australia, Canada or Japan and will not be offered or sold in these countries. The dissemination of this announcement may be subject to legal restrictions in certain countries; persons who obtain documents or other information mentioned herein should inform themselves of these restrictions and observe them. Failure to comply with these restrictions may constitute a violation of the securities laws of these countries.

Contact:
STARAMBA SE
Christian Daudert
Managing Director
Aroser Allee 66
13407 Berlin
Germany
T: +49 30 403 680 140
F: +49 30 403 680 141
info@staramba.com
www.staramba.com

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Freihamer Strasse 2
82166 Graefelfing / Munich
Germany
T: +49 89 89 82 72 27
sh@crossalliance.de
www.crossalliance.de


16-Nov-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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 Announcement DGAP News Service

629825  16-Nov-2017 CET/CEST

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