DGAP-News: Lotto24 AG: Successful Listing in the Prime Standard
(firmenpresse) - DGAP-News: Lotto24 AG / Key word(s): IPO
Lotto24 AG: Successful Listing in the Prime Standard
03.07.2012 / 11:36
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Lotto24 AG: Successful Listing in the Prime Standard
Online lottery broker starts trading at initial share price of EUR 3.00
(Hamburg, July 3, 2012) Following its successful spin-off from Tipp24 SE,
the shares of Lotto24 AG [LO24] were quoted today for the first time in the
Prime Standard segment of the Frankfurt Stock Exchange. Trading started at
an initial share price of EUR 3.00. The initial share price was thus 20
percent higher than the offer price of EUR 2.50 per share at which Tipp24
SE shareholders had subscribed to a capital increase of Lotto24 AG. The
offer price of EUR 2.50 per share also corresponded to the calculated value
of the dividend in kind which allocated one Lotto24 share to every Tipp24
share. Petra von Strombeck, Chief Executive Officer of Lotto24 AG and
Magnus von Zitzewitz, Chief Financial Officer, celebrated the IPO in the
morning on the trading floor in Frankfurt.
Petra von Strombeck commented: 'We are delighted to have set, with today's
listing, the foundation for an independent and promising future for Lotto24
AG in the German lottery business. We are confident that Lotto24 will
benefit from the liberalization of the online lottery brokerage in Germany
as of July 1, 2012 and will successfully establish itself in the market.'
The IPO of Lotto24 AG has been the first IPO of a German business in the
Prime Standard segment in 2012. The successful placement of the capital
increase with gross proceeds of approximately EUR 15 million has also so
far been the only German IPO of this year in which the entire offer volume
was placed.
Lotto24 AG was separated from the Tipp24 group through a spin-off and
listed on the stock exchange as an independent company. The company focuses
on the brokerage of state lotteries in Germany.
About Lotto24 AG: Lotto24 AG was founded by Tipp24 SE in 2010 in order to
resume the commercial brokerage of state lotteries in Germany. Until
February 2012, it was mainly concerned with preparing its market entrance.
Lotto24 has been operating as a commercial online lottery broker since 20
February 2012. Lotto24's current focus lies on brokering participation in
the state-licensed lottery products Lotto 6aus49, Spiel 77, Super 6,
EuroJackpot and Glücksspirale. Additional information available at:
www.lotto24-ag.de
Disclaimer: This announcement constitutes neither an offer to sell
securities nor a solicitation to submit an offer to buy securities. The
shares which were offered through the IPO of Lotto24 AG have been fully
placed.
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 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 USpersons, nor in Canada, Australia or Japan.
Press contact:
FTI Consulting
Dr. Lutz Golsch
Mobile: +49 173 651 7710
lutz.golsch(at)fticonsulting.com
Carolin Amann
Mobile: +49 175 299 3048
carolin.amann(at)fticonsulting.com
Internet: www.lotto24-ag.de
End of Corporate News
Photos will be distributed by mecom-bildkanal and available at
http://newsfeed2.equitystory.com/lotto24/176408.html
Caption: Lotto24: Petra von Strombeck und Magnus von Zitzewitz
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03.07.2012 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: Lotto24 AG
Straßenbahnring 11
20251 Hamburg
Germany
Phone: +49 (0)40 8 222 39 0
Fax: +49 (0)40 8 222 39 70
E-mail: office(at)lotto24.de
Internet: www.lotto24-ag.de
ISIN: DE000LTT0243
WKN: LTT024
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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176408 03.07.2012
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Datum: 03.07.2012 - 11:36 Uhr
Sprache: Deutsch
News-ID 161981
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