Tipp24 AG: Completion of the share buyback program
May 14, 2008 11:00 AM
Tipp24 AG / Share Buyback Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Tipp24 AG has completed the share buyback program that started on 8 October 2007. Based on the authorisation given at the general meeting held on 24 May 2007, a total of 443,616 shares, or 5 percent of the capital stock were bought back at an average price of EUR 15.17 by 13 May 2008. This amounts to a total sum of EUR 6,729,653.71. Including the 443,615 shares acquired as part of the first share repurchase programme in 2007, as of 13 May 2008 Tipp24 AG holds a total of 887,231 of its own shares, corresponding to 10.00 % minus 1 share of the equity capital of Tipp24 AG. About Tipp24 AG: Tipp24 was established in 1999 and is now the market leader for lottery products in the Internet on the basis of billings. The company has succeeded in achieving impressive growth rates right from the start. Almost all state lottery products are supplied. It only takes a few mouse clicks to buy a lottery ticket – round the clock, quickly and reliably. The ticket receipt is kept safely, winners are notified about their prizes automatically by text message and e-mail and prizes are credited automatically. Subsidiaries of Tipp24 (www.tipp24.de) are Ventura24 in Spain (www.ventura24.es), Puntogioco24 (www.puntogioco24.it) in Italy and MyLotto24 (www.mylotto24.co.uk) in the UK. Shares in Tipp24 AG have been traded at the Frankfurt Stock Exchange since 2005. Tipp24 AG Andrea Fratini Head of Media and Public Relations Tel.: +49 40 32 55 33-660 Fax: +49 40 32 55 33-5600 E-mail: presse@tipp24.de Internet: www.tipp24.de/presse/ 14.05.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Tipp24 AG Straßenbahnring 11-13 20251 Hamburg Deutschland Phone: +49 (0)40 325533-0 Fax: +49 (0)40 325533-77 E-mail: office@tipp24.de Internet: www.tipp24-ag.de ISIN: DE0007847147 WKN: 784714 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------