Ad hoc announcement pursuant to art. 53 LR
Basel (Switzerland), March 2, 2022 The Board of Directors of Youngtimers AG distances itself from media reports on a possible engagement of the Company with the Portuguese football club Sporting CP Some Portuguese media reported yesterday about a possible engagement of Youngtimers AG with the Sporting CP football club from Lisbon. Ricardo da Silva Oliveira, CEO of Youngtimers Sports, was quoted as making false statements. The Company has not held talks with Sporting CP, nor has it mandated Ricardo da Silva Oliveira to hold such talks. The Company clearly distances itself from the statements made or misquoted and from the rumors that have arisen and does not intend to engage with Sporting CP. Ricardo da Silva Oliveira's candidacy for President of Sporting CP is his personal commitment and is unrelated with his position as CEO of Youngtimers Sports.
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About Youngtimers AG
Youngtimers AG is a Swiss-listed media, e-commerce and financial services company specialized on servicing car collectors and aficionados, and organized into two business units – Youngtimers Media (that includes brands like Petrolicious and Garage Italia) and Youngtimers Finance. Youngtimers AG is listed in Switzerland (symbol YTME on SIX Swiss Exchange) and headquartered in Basel, for more information please refer to www.youngtimers.com.
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Youngtimers AG
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Elisabethenstrasse 18, 4051, Basel
Email: ir@youngtimers.com
Web: ir.youngtimers.com
