Tipp24 AG decides further share buyback

Oct 05, 2007 10:32 AM

Tipp24 AG / Share Buyback

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Executive Board utilises favourable economic conditions

(Hamburg, 5 October 2007) Tipp24 has decided to carry out a further share
buyback programme. The current regulatory discussions provide favourable
economic conditions at present for this resolution of the Executive Board.
The company’s positive business development is not reflected in its current
share price. Up to 443,616 shares in Tipp24 AG are to be purchased during
the period 8 October 2007 to 31 March 2008 and used primarily as an
acquisition currency. From February to July 2007, Tipp24 AG already
acquired a total of 443,615 own shares, which it still holds. These
correspond to almost five percent of Tipp24 AG’s capital stock.
Dr. Hans Cornehl, CFO of Tipp24 AG, states: 'The capital market is not
currently honouring the clearly visible medium-term growth prospects of the
European lottery markets and the corresponding opportunities offered. We
have therefore taken the forward-looking decision to launch a further
buyback programme of Tipp24 shares.'
Details concerning the share buyback programme are posted on the Tipp24 AG
website (www.tipp24-ag.de). Every buyback will be announced here no later
than seven stock exchange trading days after the respective transaction.

About Tipp24 AG: Tipp24 was established in 1999 and is now the market
leader for lottery products in the Internet on the basis of billings. The
company has succeeded in achieving impressive growth rates right from the
start. Almost all state lottery products are supplied. It only takes a few
mouse clicks to buy a lottery ticket – round the clock, quickly and
reliably. The ticket receipt is kept safely, winners are notified about
their prizes automatically by text message and e-mail and prizes are
credited automatically. Subsidiaries of Tipp24 (www.tipp24.de) are
Ventura24 in Spain (www.ventura24.es) and Puntogioco24
(www.puntogioco24.it) in Italy.


Press contact:
Tipp24 AG       
Andrea Fratini       
Head of Media and Public Relations   
Phone: +49 40 32 55 33-660     
Fax: +49 40 32 55 33-5600     
E-mail: presse@tipp24.de     
Internet: www.tipp24.de/presse/


05.10.2007  Financial News transmitted by DGAP
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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
Internet:     www.tipp24-ag.de
ISIN:         DE0007847147
WKN:          784714
Listed:       Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
              Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of News                                     DGAP News-Service
 
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