DGAP-News
Tipp24 SE: strict pursuit of internationalisation strategy in fiscal year 2013 - Seite 2
example, to market our extensive expertise as a partner for state-owned and
private lottery companies in the online segment."
Relocation creates ideal conditions for further development of Tipp24
Moving the company's registered office was a logical consequence of Tipp24
SE's strategic realignment. The company is now focusing on its
international business activities - especially in the UK and North America
- and will develop them from its base in the UK. Tipp24 now operates from
its headquarters in London - widely regarded as the centre of the European
online gaming industry. The decision to transfer the company's registered
office to the UK had been adopted by the Annual General Meeting of Tipp24
in June 2013. Tipp24 will maintain its legal form as an SE as well as its
listing in the Prime Standard segment of the Frankfurt Stock Exchange.
As part of its expansion of international business activities, Tipp24
founded a joint venture with its minority holding Geonomics Global Games
Limited in the past fiscal year. Geonomics is the provider of the
innovative online lotto game Geolotto - which is based on a virtual map -
and holds a licence to operate and market this game in the UK. With the
foundation of the joint venture Geo24 UK Limited, Tipp24 and Geonomics aim
to efficiently market the geo-based online lotto in the UK. In addition,
the two partners plan to market the game globally to state-owned and
private lottery and gaming companies.
Special dividend planned
In view of the positive development of business, the Executive Board of
Tipp24 SE is considering the payment of a one-off special dividend in the
form of an interim dividend in late April 2014 amounting to EUR 7.50 per
share.
The Executive Board also resolved to propose annual dividend payments for
shareholders in future as of 2015. The first such dividend would be based
on the annual financial statements for the current fiscal year 2014. The
annual dividend is to be at least EUR 1.50 per share - provided that the
company's financial position and performance allows such a dividend.
Corporate social responsibility: grassroots support
As a responsible company, Tipp24 believes it has a duty to society. As part
of its internationalisation strategy, the company's Corporate Social
Responsibility programme is to be aligned with its new direction: Tipp24
will focus on social projects which help society at a local level.
The corresponding initiatives are to be selected via a Community Fund and
partnerships with established organisations. Support may also involve
founded a joint venture with its minority holding Geonomics Global Games
Limited in the past fiscal year. Geonomics is the provider of the
innovative online lotto game Geolotto - which is based on a virtual map -
and holds a licence to operate and market this game in the UK. With the
foundation of the joint venture Geo24 UK Limited, Tipp24 and Geonomics aim
to efficiently market the geo-based online lotto in the UK. In addition,
the two partners plan to market the game globally to state-owned and
private lottery and gaming companies.
Special dividend planned
In view of the positive development of business, the Executive Board of
Tipp24 SE is considering the payment of a one-off special dividend in the
form of an interim dividend in late April 2014 amounting to EUR 7.50 per
share.
The Executive Board also resolved to propose annual dividend payments for
shareholders in future as of 2015. The first such dividend would be based
on the annual financial statements for the current fiscal year 2014. The
annual dividend is to be at least EUR 1.50 per share - provided that the
company's financial position and performance allows such a dividend.
Corporate social responsibility: grassroots support
As a responsible company, Tipp24 believes it has a duty to society. As part
of its internationalisation strategy, the company's Corporate Social
Responsibility programme is to be aligned with its new direction: Tipp24
will focus on social projects which help society at a local level.
The corresponding initiatives are to be selected via a Community Fund and
partnerships with established organisations. Support may also involve