'To create a better world of lottery': Tipp24 SE to become ZEAL Network SE
Oct 20, 2014 10:59 AM
Tipp24 SE / Key word(s): Strategic Company Decision
(London, 20 October 2014) Tipp24 SE is taking the next step in its development by renaming the company ZEAL Network SE. The planned name change reflects the company's wider strategic focus which has expanded over the past few years beyond the original consumer-facing business.
Today, Tipp24 SE is active in three lines of business: First, the company consolidates revenues from the well-established consumer-facing secondary lottery business under the Tipp24.com brand. Second, Tipp24 SE offers business to business services for licensed lottery operators such as state lotteries and for non-governmental organisations under the brands Lottovate and Lotto Network. Third, Tipp24 operates its own lotto games, such as the innovative GeoLotto which has been launched in the United Kingdom end of September.
Dr Hans Cornehl, Chief Executive Officer of Tipp24 SE: "Renaming the company ZEAL is the next logical step for our business: it reflects the broader focus of our company and it captures perfectly our aspiration to create a better world of lottery."
Tipp24 has invited its shareholders to an Extraordinary General Meeting in London on 19 November 2014. The sole resolution on the agenda will be the renaming of the company to ZEAL Network SE. If shareholders accept the proposal with the required majority, the new name will come into effect a few days later.
Tipp24 SE is a London based company, founded in Germany in 1999. Its shares are listed on the Prime Standard of the Frankfurt Stock Exchange and are included in the SDAX index. To the current day Tipp24 SE has generated stakes of 2.5 billion euros and thus contributed over 650 million euros in taxes and duties.
Tipp24 SE holds equity interests in businesses running under the following brands: Lottovate offers digital services to licenced lottery operators around the world (www.lottovate.com). Lotto Network enables private business partners to host their own branded lotto product (www.lottonetwork.com). Geolotto is an innovative geographical based lotto game in the UK (www.geolotto.co.uk). Ventura24 is a lottery ticket broker in Spain (www.ventura24.es). Tipp24 offers consumer facing secondary lottery products (www.tipp24.com).
20.10.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
|25 Southampton Buildings|
|WC2A 1AL London|
|Phone:||+44 (0)20 3739-7123|
|Fax:||+44 (0)20 3739-7199|
|Listed:||Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart|
|End of News||DGAP News-Service|