January 18 2019

ZEAL SHAREHOLDERS APPROVE RESOLUTIONS FOR LOTTO24 TAKEOVER OFFER

ZEAL Network SE (“ZEAL”) today announced that, at a General Meeting in London, shareholders voted to approve necessary preconditions for the planned all-share takeover offer for Lotto24 AG (“Lotto24”). Shareholders voted 60% in favour of the required capital increase.

 

Dr Helmut Becker, CEO, ZEAL, said: “Our plan to reunite ZEAL and Lotto24 offers a fantastic opportunity for sustainable growth and creates significant value – for shareholders of both companies, customers and the German Federal States and their lottery beneficiaries. We are pleased that ZEAL’s shareholders share our vision and today approved the important preconditions which now enable us to make our offer for Lotto24. We look forward to launching our offer to Lotto24 shareholders shortly and to bringing our organisations together. The combination of ZEAL and Lotto24 will create the leading private digital lottery broker in Germany, setting us up for strong growth in Germany and internationally.”

 

Shareholders also voted to waive the requirement on Günther Group (which will own more than 30% of the combined group after completion) to make a full takeover offer for ZEAL. Shareholders voted 51% in favour of the waiver. Günther Group were not able to vote on this particular resolution.

ZEAL will announce the beginning of the acceptance period for the takeover offer following approval of the Offer Document by the German Federal Financial Supervisory Authority (BaFin). The company expects that the acceptance period will start by the end of January 2019.

 

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