DGAP-News: Tipp24 SE: Shareholders of Tipp24 SE approve spin-off of Lotto24 AG by large majority
(firmenpresse) - DGAP-News: Tipp24 SE / Key word(s): IPO/Capital Increase
Tipp24 SE: Shareholders of Tipp24 SE approve spin-off of Lotto24 AG by
large majority
22.06.2012 / 15:18
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Annual General Meeting 2012
Shareholders of Tipp24 SE approve spin-off of Lotto24 AG by large majority
(Hamburg, June 22, 2012) During the Annual General Meeting on June 22,
2012, the shareholders of Tipp24 SE approved by large majority to separate
the German online lottery brokerage business launched under Lotto24 from
the Tipp24 Group by way of a spin-off of the separately listed Lotto24 AG.
99.99 per cent of the shareholders voted in favour of distributing the
shares of Lotto24 AG as a dividend-in-kind to the shareholders of Tipp24 SE
in a 1:1 ratio. The attendance of the voting share capital amounted to
approximately 61 per cent.
Dr. Hans Cornehl, CEO of Tipp24 SE: 'With today's decision, our
shareholders have laid the track for the successful further expansion of
the online lottery brokerage business of Lotto24 AG in Germany. I am
pleased that the spin-off of Lotto24 AG has been supported by an
overwhelming majority of our shareholders. We see this as a confirmation of
our strategy to focus on the international business with Tipp24 SE, thereby
enabling Lotto24 AG to start their activities in the German market free of
the burden of legal disputes.'
The transfer of the Lotto24 AG shares to the accounts of the shareholders
starts on June 26, 2012. The first trading of the Lotto24 shares in the
Prime Standard of Frankfurt Stock Exchange is planned for July 3, 2012.
The Annual General Meeting also approved all proposed resolutions of the
remaining agenda by large majority.
About Tipp24 SE: Tipp24 SE (formerly Tipp24 AG) was founded in September
1999 and holds equity interests in a number of companies in Spain, Italy
and the UK, which enable participation in lottery-based games via the
Internet, especially via the websites www.ventura24.es, www.giochi24.it,
www.mylotto24.co.uk and www.tipp24.com. From its foundation to the end of
2008, Tipp24 SE brokered tickets worth over 1.5 billion euros to the state
lottery companies - in the latter years over 330 million euros annually.
Following its successful IPO in 2005 (Prime Standard), the company was
admitted to the SDAX index in June 2009 and has been trading as a European
public limited company since December 2009.
Disclaimer: This announcement constitutes neither an offer to buy
securities nor a solicitation to submit an offer to buy securities in the
United States, Canada, Australia or Japan. The shares of Lotto24 AG (the
'Shares') may not be offered or sold in the United States, nor to US
persons (as defined by Regulation S of the US Securities Act of 1933, as
amended (the 'Securities Act')) nor for the account of US persons, unless
they are registered or are exempt from registration pursuant to the
Securities Act. The Shares are not and will not be registered in accordance
with the Securities Act. The information contained in this announcement may
not be distributed in the United States, nor to US persons, nor in Canada,
Australia or Japan.
Press Contact:
Tipp24 SE
Andrea Fratini
Head of Media and Public Relations
Mobile: +49 (0)170 92 67 73 9
Tel.: +49 (0)40 32 55 33 660
E-Mail: presse(at)tipp24.de
Internet: www.tipp24-se.de/press/
End of Corporate News
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22.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Tipp24 SE
Straßenbahnring 11
20251 Hamburg
Germany
Phone: Tel.: +49 (0)40 325533-661
Fax: +49 (0)40 325533-5600
E-mail: presse(at)tipp24.de
Internet: www.tipp24-se.de
ISIN: DE0007847147
WKN: 784714
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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175143 22.06.2012
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Datum: 22.06.2012 - 15:18 Uhr
Sprache: Deutsch
News-ID 159127
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