Tipp24 SE plans relocation of registered office to UK

Tipp24 SE / Key word(s): Strategic Company Decision
20.03.2013 15:11

Dissemination of an 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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As part of its strategic realignment, Tipp24 SE plans to relocate its registered office from Germany to the United Kingdom. At this year's planned Annual General Meeting, the company's Executive Board and Supervisory Board will propose a vote on the relocation to shareholders of Tipp24 SE. Should the Annual General Meeting vote in favour, the proposed new location for Tipp24 SE's registered office will be London.
After the spin-off of its German operations in July 2012 by way of the IPO and stock market listing of the now independent Lotto24 AG, Tipp24 SE is now concentrating on developing its international business, focusing in particular on the UK and North America.

The UK is regarded as the centre of the European online gaming industry. According to the Executive Board, it offers a stable and favourable regulatory environment for the company as well as other positive conditions for its ongoing strategic development.

Tipp24 SE intends to maintain its legal form as an SE after the relocation and retain its listing in the Prime Standard segment of the Frankfurt Stock Exchange. The company's Executive Board and Supervisory Board are to maintain their functions, whereby the Executive Board will work primarily in the UK in future. The current holding company functions in Germany are to be gradually relocated to the UK over a longer period and in a socially compatible manner.


20.03.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:     English
Company:      Tipp24 SE
              Straßenbahnring 11
              20251 Hamburg
              Germany
Phone:        Tel.: +49 (0)40 325533-142
Fax:          +49 (0)40 325533-5600
E-mail:       ir@tipp24.de
Internet:     www.tipp24-se.de
ISIN:         DE0007847147
WKN:          784714
Indices:      SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart  
End of Announcement DGAP News-Service  

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