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Shareholders approve Lotto24 spin-off from Tipp24

25th June 2012 8:05 am GMT

Tipp24 shareholders have approved plans by the company to spin-off its German online lottery brokerage business.

In an almost unanimous decision Friday at the company’s Annual General Meeting, 99.99 per cent of Tipp24’s shareholders approved the separation of the business under the Lotto24 brand.

Shares in Lotto24 AG will be distributed as a dividend-in-kind to the shareholders of Tipp24 by a 1:1 ratio.

“With today's decision, our shareholders have laid the track for the [...]

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