Tipp24 SE initiates implementation of its relocation to the UK

Tipp24 SE / Key word(s): AGM/EGM/Strategic Company Decision
19.04.2013 15:17

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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Tipp24 SE has initiated the implementation of the transfer of its registered office to the UK. The Executive Board and Supervisory Board decided today to present a proposal on the relocation for shareholders of Tipp24 SE to vote on at the Annual General Meeting 2013. The invitation to the Annual General Meeting on 28 June 2013 is to be published in May. The transfer of the company's registered office first announced on 20 March 2013 is a logical consequence of the strategic realignment of Tipp24 SE. The company will focus in future on its international business, mainly in the UK and North America, which it plans to develop from its future base in the UK.

The proposed vote on the transfer of the registered office is based on a Transfer Proposal prepared by the Executive Board in accordance with Art. 8 (2) of the SE Regulation, including the company's future Statutes, filed with the Commercial Register for disclosure. According to the Transfer Proposal, the company's new registered office will be in London. 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 responsible manner.

Tipp24 SE is obliged to offer any shareholders objecting to the relocation decision at the Annual General Meeting the purchase of their shares for reasonable cash compensation. This cash compensation will be EUR 43.34 per share. The respective shareholders would have a claim to the payment of cash compensation on completion of the relocation, expected in autumn 2013.
The Transfer Proposal and Statutes, together with a German translation of the Statutes, will be published on the corporate website of Tipp24 SE (www.tipp24-se.de) as well as in the Federal Gazette. Together with the invitation to the Annual General Meeting, the company will also publish a Transfer Report explaining and justifying the legal and economic aspects of the transfer and explaining the implications of the transfer for shareholders, creditors and employees.

Contact:
Tipp24 SE
Frank Hoffmann 
Investor Relations
Phone: +49 40 32 55 33-142
E-mail: frank.hoffmann@tipp24.de
Internet: www.tipp24-se.de


19.04.2013 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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