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.
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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

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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 
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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
 
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