Tipp24 AG: business operations prohibited in Saxony-Anhalt
Jan 2, 2007 9:20 PM
Tipp24 AG / Miscellaneous Ad hoc announcement according to § 15 WpHG transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Ad hoc announcement Tipp24 AG: business operations prohibited in Saxony-Anhalt (Hamburg, January 2, 2007) In an injunction served today, the German state of Saxony-Anhalt has forbidden Tipp24 AG from carrying out its business operations in Saxony-Anhalt. According to the wording of the injunction, this affects both the brokerage of participation in lotteries in Saxony-Anhalt, especially as the commercial organizer of lottery teams, and advertising for lotteries which are illegal in Saxony-Anhalt and which can be called up in Saxony-Anhalt. The prohibition has immediate effect. The authorities of Saxony-Anhalt had already threatened Tipp24 AG with prohibition in March 2006. Tipp24 AG has no knowledge as to why Saxony-Anhalt chose the current moment in time to serve the injunction. Tipp24 AG is currently examining the factual and legal consequences of the prohibition as well as its possibilities to appeal. Should Tipp24 AG be permanently prevented from carrying out its business in Saxony-Anhalt, this would lead to a reduction in revenue in the middle six-figure euro range per year and a similar decrease in EBIT, based on the company’s current business volume. Additional Information: ISIN: DE0007847147 Listing: Official market (Prime Standard) of the Frankfurt Stock Exchange Registered office of the company: Germany Contact: Tipp24 AG Frank Hoffmann Investor Relations Tel.: +49 40 32 55 33-142 E-Mail: ir@tipp24.de Internet: www.tipp24-ag.de --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Additional Information: ISIN: DE0007847147 Listing: Official market (Prime Standard) of the Frankfurt Stock Exchange Registered office of the company: Germany Contact: Tipp24 AG Frank Hoffmann Investor Relations Tel.: +49 40 32 55 33-142 E-Mail: ir@tipp24.de Internet: www.tipp24-ag.de DGAP 02.01.2007 ---------------------------------------------------------------------- Language: English Issuer: Tipp24 AG Straßenbahnring 11-13 20251 Hamburg Deutschland Phone: +49 (0)40 325533-0 Fax: +49 (0)40 325533-77 E-mail: office@tipp24.de WWW: www.tipp24-ag.de ISIN: DE0007847147 WKN: 784714 Indices: Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------