ZEAL Network SE rejects nonbinding offer from Lottoland for the purchase of its core German
ZEAL Network SE ZEAL Network SE rejects non-binding offer from Lottoland for the purchase of its core German business assets as significantly inadequate
2019/11/01/16: 26 All responsibilities regarding the content of the announcement lies in the issuer.
January 11, 2019, London
ZEAL Network Sew, the acquisition of major German corporate assets, refuses to be significantly inadequate Lottoland.
- The estimated price of the offer within 60 million euros to 76 million euros does not take into account the cost of Germany's business direction
- With the sale, the terms will be the most valuable assets, and while the broker will be the foundation for future growth in Germany, the terms will take great risks to reduce costs.
- Dr. Helmut Becker (President Zeal): "Rotland's estimate is trying to buy our most important German assets."
Zeal Netwerk SE (ZEAL) is also a conditional and suggestive proposal that Rotland Holdings (Rotland) is currently buying har d-working assets that are currently operating under the TIPPP24 brand. Refuse it as insufficient. Rotland's cas h-acquired price is a comprehensive legal audit, which is 60 million euros to 76 million euros.
The Dilgency Committee examined Rotland's estimate based on information that could be obtained from Rottland and the internal evaluation announced before the Transactions with Lot 24. Based on this analysis, the rules rejected this proposal as significantly inadequate. Even with Rotland's hig h-specific prices, this proposal does not take the basic value of major Zeal in Germany. German business TIPP24 offers most of Zerle's sales and profits. At the same time, the customer base and brand are Zale for the future German treasure brokerage business after the planned conversion of the current German lottery business in Germany's secon d-level lottery business and the associations agreed with Lotto24. This is an important part of the growth platform. < SPAN> 2019/11/01/16: 26 All responsibilities regarding the content of the announcement are the issuer.
January 11, 2019, London
ZEAL Network Sew, the acquisition of major German corporate assets, refuses to be significantly inadequate Lottoland.
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The estimated price of the offer within 60 million euros to 76 million euros does not take into account the cost of Germany's business direction
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With the sale, the terms will be the most valuable assets, and while the broker will be the foundation for future growth in Germany, the terms will take great risks to reduce costs.
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Dr. Helmut Becker (President Zeal): "Rotland's estimate is trying to buy our most important German assets."
Zeal Netwerk SE (ZEAL) is also a conditional and suggestive proposal that Rotland Holdings (Rotland) is currently buying har d-working assets that are currently operating under the TIPPP24 brand. Refuse it as insufficient. Rotland's cas h-acquired price is a comprehensive legal audit, which is 60 million euros to 76 million euros.
The Dilgency Committee examined Rotland's estimate based on information that could be obtained from Rottland and the internal evaluation announced before the Transactions with Lot 24. Based on this analysis, the rules rejected this proposal as significantly inadequate. Even with Rotland's hig h-specific prices, this proposal does not take the basic value of major Zeal in Germany. German business TIPP24 offers most of Zerle's sales and profits. At the same time, the customer base and brand are Zale for the future German treasure brokerage business after the planned conversion of the current German lottery business in Germany's secon d-level lottery business and the associations agreed with Lotto24. This is an important part of the growth platform. 2019/11/01/16: 26 All responsibilities regarding the content of the announcement are the issuer.
January 11, 2019, London
ZEAL Network Sew, the acquisition of major German corporate assets, refuses to be significantly inadequate Lottoland.
{space}.
The estimated price of the offer within 60 million euros to 76 million euros does not take into account the cost of Germany's business direction
With the sale, the terms will be the most valuable assets, and while the broker will be the foundation for future growth in Germany, the terms will take great risks to reduce costs. | Dr. Helmut Becker (President Zeal): "Rotland's estimate is trying to buy our most important German assets." |
In this way, the TIPP24 business will take all customer bases in Germany and brands, which are the most valuable assets of Zeal, but will increase in the future in Germany. At the same time, Zeal and their shareholders will sniff the dangers associated with the need for business division and the costs related to employees who do not join the transaction. Apart from this, Zair and their shareholders will have relative risks related to future trials on the pr e-paying ta x-added tax (VAT) in Germany. | According to Dr. Helmut Becker, CEO of Zaire, "The estimated offer from Rotland is trying to buy our main German assets at a low price. This does not indicate the price of our German business. At the same time. The resale of our main business is basically a large amount of Zeal and its shareholders, all dangers related to the VAT trials in Germany, and the remaining part of the company. It leads to the spells of our expenses, and our conversion projects to the TIPP24 and Lotto 24 are a strong platform for coming to Rotland. The preliminary results that are not good for the flattering announced by Lotto 24 are further prominent. We approve our consideration that it is a major plan to cut off the relationship with lot 24 by business profits. |
Investor Contact: Zeal Network Frank Hoffmann Manager for Relations With Investors +44 (0) 20 3739 7123 Frank. Co. | |
There is no registered or registered shares based on the US 1933 Securities Law and its revised laws, or the US State's securities regulations, or the other jurisdiction of the United States (US). Therefore, excluding certain exceptions, the recruitment or sale of the diligent shares cannot be performed in the United States or other laws that violate the current law. In the United States, there is no public recruitment of delight shares. | |
The materials distributed in connection with this release and this release are not intended to be directly or indirectly released, published or distributed (all or partially) in the United States or other judicial jurisdictions. It is not intended to violate such a distribution of such a distribution of the judicial jurisdiction. In addition, its issuance, distribution, disclosure, access, or use in the US citizens, residents, or the United States, or in states, countries, or other judicial jurisdictions, violates the relevant laws of the judicial jurisdiction. It is not intended to be used by individuals or corporations that require registration or license in the jurisdiction of the judicial jurisdiction. Such a description is not true as long as this presentation includes predictive descriptions. Prediction descriptions include all issues that are not historical facts. They are characterized by "expectation", "belief", "evaluation", "intensive", "effort", "assume", "plan", and similar expressions. This description is enthusiastic about the results that Lotto 24 shareholders who have decided not to accept the absorption proposal of Lotto 24 may receive the Lotto 24 absorption proposal and the future financial results of Lotto 24. It expresses the intentions, opinions and current expectations and assumptions of those who act with many supporters and enthusiastic supporters. This description of such predictive properties is based on the current plan, evaluation, and predictions recognized by the person who acts with Zeal and Zeal, but does not claim to be true in the future. Predictions are difficult to predict and are usually affected by the risk and uncertainty that people who act with zeal or zeal cannot affect. Actual events and results may be very different from such predictions and what is expressed in it. | |
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