DGAP-News: General Meeting of ZEAL Network SE approves relocation back to Germany with 99.9 percent

2019. szeptember 25., szerda, 11:20







DGAP-News: ZEAL Network SE


/ Key word(s): AGM/EGM






General Meeting of ZEAL Network SE approves relocation back to Germany with 99.9 percent


25.09.2019 / 11:20



The issuer is solely responsible for the content of this announcement.



General Meeting of ZEAL Network SE approves relocation back to Germany with 99.9 percent



(London, 25 September 2019) ZEAL Network SE (Tipp24.com; Lotto24.de), the leading online provider of state lotteries in Germany, today held a General Meeting in London. With a total presence of 70.5 percent of the voting capital, the planned relocation of the company"s registered office from the United Kingdom back to Germany in the course of the takeover of Lotto24 AG was approved by 99.9%.



The aim of the relocation is to facilitate the integration of the ZEAL and Lotto24 divisions and to leverage the resulting cost synergies. Against this background, ZEAL confirms the planned annual cost synergies of at least EUR 57 million, of which 80 % are to be realized at the end of the first year and 100 % at the end of the second year after completion of the Lotto24 acquisition.



"With the decision to relocate our registered office, we can now take the next formal steps to complete both the business model change from the secondary lottery business to the brokerage business permitted in Germany and the relocation of our registered office before the end of October of this year, " said Dr. Helmut Becker, CEO of ZEAL Network SE. "We would therefore like to thank our shareholders, who have once again supported us on our way to reunite with Lotto24."




Contact:

Frank Hoffmann

Investor Relations Manager

T: +44 (0)20 3739 7123
frank.hoffmann@zeal-network.co.uk



About ZEAL Network SE:



  1. ZEAL is an international digital lottery group.

  2. The company was founded in 1999. Renamed as ZEAL Network SE in 2014.

  3. The company is headquartered in London.

  4. Its shares are listed on the Prime Standard of the Frankfurt Stock Exchange.

  5. Since its incorporation, ZEAL Group has generated stakes of more than EUR3 billion and paid out more than EUR1.5 billion in winnings.

  6. ZEAL Group includes all subsidiaries of ZEAL Network SE and the affiliated companies of the independent shareholding myLotto24 Ltd.

 
















25.09.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: ZEAL Network SE

5th Floor One New Change

EC4M 9AF London

United Kingdom
Phone: +44 (0)203 739-7000
Fax: +44 (0)203 739-7099
E-mail: office@zeal-network.co.uk
Internet: www.zeal-network.co.uk
ISIN: GB00BHD66J44
WKN: TPP024
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 879565





 
End of News DGAP News Service





879565  25.09.2019 



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