Tipp24 SE: transfer of registered office to London expected to be completed on 7 February 2014
Jan 31, 2014 9:57 AM
Tipp24 SE / Key word(s): Strategic Company Decision
Tipp24 SE: transfer of registered office to London expected to be completed on
(Hamburg, 31 January 2014) Tipp24 SE expects registration of the transfer of its registered office to London with the UK's Companies House on 7 February 2014. The transfer had been resolved by the company's Annual General Meeting of 28 June 2013 with a large majority. It will become effective as of the registration.
Dr. Hans Cornehl, CEO of Tipp24 SE, states: 'Having accomplished all necessary preparations for the move of Tipp24 SE, we are now on the verge of completing the transfer of our registered office. London provides excellent conditions for the further strategic development and internationalisation of our company. We aim to fully utilise the opportunities which the UK offers.'
According to the Frankfurt Stock Exchange, trading of the company's shares (WKN TPP024 / ISIN DE0007847147) will continue as normal during the relocation. No suspension is planned.
As of the registration of the transfer, the shares in Tipp24 SE will convert into registered shares under UK law. In order to enable the registered shares to continue trading on the Frankfurt Stock Exchange, they will be traded in the form of so called Clearstream Interests (CI) under WKN TPP024 / ISIN GB00BHD66J44. The respective adjustment in the shareholders' depository accounts will be effected automatically upon the registration of the transfer. Each Clearstream Interest (CI) represents a registered share in Tipp24 SE. Shareholders of Tipp24 SE do not need to take any action.
A detailed description of the consequences of the company's relocation for shareholders, creditors and employees is provided in the Transfer Report of the Executive Board dated 21 May 2013, which can be downloaded from the company's website (www.tipp24-se.de) in the special section 'Annual General Meeting 2013 / Relocation'.
Tipp24 SE will announce the registration of the transfer of its registered office immediately via a capital market announcement pursuant to § 30e WpHG.
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 current day, Tipp24 has generated stakes of 2.5 billion euros and thus contributed over 650 million euros in taxes and duties. 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.
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