DGAP-News: AGM of Tipp24 SE votes in favour of UK relocation (english)
Jun 28, 2013 10:50 PM
AGM of Tipp24 SE votes in favour of UK relocation
DGAP-News: Tipp24 SE / Key word(s): AGM/EGM/Strategic Company Decision
AGM of Tipp24 SE votes in favour of UK relocation
28.06.2013 / 20:50
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Key step in strategic move towards international business
(Hamburg, 28 June 2013) At the Annual General Meeting of Tipp24 SE, a large
majority of shareholders voted in favour of relocating the company's
registered office to the UK. 97.4 percent of represented share capital
followed the corresponding recommendation of the company's Executive Board
and Supervisory Board. The shareholders thus laid the foundation for the
company's further international expansion, which will be driven from its
future base in London. Tipp24 SE is the first listed German company to
relocate its registered office to another European country.
Dr Hans Cornehl, CEO of Tipp24 SE, stated:
'The vote in favour of moving our head office to the UK paves the way for
the accelerated international expansion of Tipp24 SE. It creates ideal
conditions for the further development of our company going forward. The UK
is recognised as being the European centre of the online gaming industry
and offers an excellent environment for future profitable growth. We will
now swiftly initiate the next formal steps for our relocation in order to
complete the process in the second half of the current year. I would like
to thank our shareholders, who once again supported a landmark decision for
Tipp24 SE with an overwhelming majority.'
The relocation of the company's registered office is a logical consequence
of the strategic realignment of Tipp24 SE. It will focus in future on its
international business, mainly in the UK and North America, which it plans
to develop from its future base in the UK. The company intends to maintain
its legal form as an SE after the relocation and also retain its listing in
the Prime Standard segment of the Frankfurt Stock Exchange. The company's
Executive Board and Supervisory Board will maintain their functions,
whereby the Executive Board will work primarily in the UK in future. The
current holding company functions in Germany are to be gradually relocated
to the UK over a longer period and in a socially compatible manner.
Today's AGM also saw Andreas de Maizière, Oliver Jaster and Jens Schumann
confirmed as members of the Supervisory Board. Thorsten Hehl, Bernd
Schiphorst and Peter Steiner were elected as new members of the Supervisory
Board. All other resolutions on the agenda were also accepted by the
shareholders with large majorities. Approximately 54.3 percent of voting
capital was represented at the AGM
About Tipp24 SE: Tipp24 SE was founded in September 1999 and holds equity
interests in a number of companies in Spain and the UK, which enable
participation in lottery-based games via the Internet, especially via the
websites www.ventura24.es, www.mylotto24.co.uk, www.tipp24.com and
www.geosweep.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. In July 2012, German online brokerage
activities were successfully spun off from Tipp24 SE in the form of the
company Lotto24 AG, which is listed separately on the stock exchange. With
the acquisition of a stake in the UK-based company Geonomics Global Games
Limited in December 2012, Tipp24 SE laid the foundation for the expansion
of its international business.
Press contact:
Tipp24 SE
Andrea Fratini
Head of Media and Public Relations
Tel.: +49 (0)40 32 55 33 660
E-Mail: presse@tipp24.de
Internet: www.tipp24-se.de/press/
End of Corporate News
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28.06.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Tipp24 SE
Straßenbahnring 11
20251 Hamburg
Germany
Phone: Tel.: +49 (0)40 325533-142
Fax: +49 (0)40 325533-5600
E-mail: ir@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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218952 28.06.2013
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