ZEAL Network SE

  • WKN: TPP024
  • ISIN: GB00BHD66J44
  • Land: Großbritannien

Nachricht vom 15.04.2019 | 11:09

ZEAL Network SE: More than 91% of Lotto24 shareholders accept ZEAL offer during regular acceptance period

DGAP-News: ZEAL Network SE / Key word(s): Offer

15.04.2019 / 11:09
The issuer is solely responsible for the content of this announcement.


More than 91% of Lotto24 shareholders accept ZEAL offer during regular acceptance period

  • More than 91% of Lotto24 shareholders have accepted ZEAL's all-share voluntary takeover offer during the regular acceptance period
  • Remaining shareholders can take advantage of an additional two-week acceptance period from 16 April until 29 April 2019
  • Offer of one new ZEAL share for 1.604 Lotto24 shares

ZEAL Network SE ("ZEAL") today announced that approximately 91.8% of Lotto24 AG ("Lotto24") shareholders have accepted ZEAL's all-share voluntary takeover offer and tendered their shares during the regular acceptance period, which ended on 10 April 2019.

As all offer conditions have been satisfied, shareholders can take advantage of an additional two-week acceptance period from 16 April 2019 (0:00 CEST) until 29 April 2019 (24:00 CEST) to accept the offer for their remaining Lotto24 shares. Lotto24 shareholders will receive one new ZEAL share in exchange for 1.604 shares of Lotto24. The offer document is available at www.zeal-offer.com.

Shareholders in the combined group will be able to benefit from increased efficiencies between both companies, significant cost synergies at ZEAL due to the change of its core business model, and any potential future growth.

Dr Helmut Becker, Chief Executive, ZEAL, said: "We are pleased that the vast majority of Lotto24 shareholders has accepted our offer and bought into our strategic vision. We look forward to welcoming them as new ZEAL shareholders. By reuniting with Lotto24 and transforming our core German business to digital lottery brokerage, we are creating a strong platform for ZEAL's sustainable and accelerated growth. We invite all remaining Lotto24 shareholders to also tender their shares and become part of our combined future success. ZEAL and Lotto24 have already made strong progress on preparing the integration and are ready to execute on the plan."

ZEAL initially announced its intention on 19 November 2018 to reunite with Lotto24 through an all share voluntary takeover. Following its shareholders' approval, ZEAL published its takeover offer on 31 January 2019. On 8 February 2019, the Lower Saxony Ministry of the Interior granted Lotto24 a supplement to its existing brokerage permit, allowing for lottery tickets to be brokered via the Tipp24.de and Tipp24.com domains.
 

ENDS
 

Contacts:

Media:

Matt Drage
Head of Corporate Communications, ZEAL Network
T: +44 (0)7976 872 861
matt.drage@zeal-network.co.uk

Lutz Golsch, FTI Consulting
T: +49 69 920 37 110
M: +49 173 6517710
Lutz.Golsch@fticonsulting.com
 

Investors:

Frank Hoffmann
Investor Relations Manager, ZEAL Network
+44 (0) 20 3739 7123
frank.hoffmann@zeal-network.co.uk



15.04.2019 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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