29 May 2008
Annual Shareholders' Meeting of Tipp24 AG
Tipp24 pays out first dividend
- Annual Shareholders' Meeting resolves to pay dividend of 50 cents per share
- Oliver Jaster elected to Supervisory Board
The third Annual Shareholders' Meeting of Tipp24 AG was held on 29 May 2008 at the Crowne Plaza Hotel in Hamburg. Around 55 shareholders and guests were present at the event. A total of 56.18 percent of share capital was represented.
The Executive Board of Tipp24 AG can look back on a successful fiscal year 2007. The record jackpot helped produce a massive increase in customer figures and the company’s UK market entry led to a further expansion of foreign activities.
As a result of strong progress over the last few years, the Annual Shareholders' Meeting decided to pay out the company’s first-ever dividend, amounting to 50 cents per share for the fiscal year 2007. The payment is to mark the beginning of regular dividend distribution.
Despite adverse conditions brought about by the German State Treaty on Gaming, the company succeeded in maintaining its dynamic growth. Jens Schumann, founder and Chairman of the Executive Board of Tipp24, states: “Numerous legal experts and institutions, such as the Federal Cartel Office, the EU Commission and the Scientific Services of the state parliament of Schleswig-Holstein, believe that the State Treaty on Gaming contravenes constitutional, antitrust and EU law. This has also been confirmed by 14 Administrative Courts. We also continue to believe that this State Treaty contravenes valid law. This made our achievements in 2007 all the more remarkable.”
Following the investment of Günther Holding, now the largest shareholder Tipp24 AG with 25.45 percent of share capital, Oliver Jaster – CEO of the successful family company – has been elected to the Supervisory Board with immediate effect. He replaces Dr. Hans-Wilhelm Jenckel, who no longer stood for election after serving almost seven years on the Supervisory Board.
The Annual Shareholders' Meeting adopted all items on the agenda.
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), Puntogioco24 in Italy (www.puntogioco24.it) and MyLotto24 in the UK (www.mylotto24.co.uk). Shares in Tipp24 AG have been traded at the Frankfurt Stock Exchange since 2005.
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
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