Lotto24 AG decides on rights offering


  • Subscription ratio 7:3
  • Subscription price EUR 3.00
  • Planned expansion of marketing activities and further development of brokerage platform in order expand product portfolio


(Hamburg, 10 September 2013) With the approval of the Supervisory Board, the Executive Board of Lotto24 AG, Hamburg (ISIN DE000LTT0243), today adopted a resolution to raise the company’s share capital against cash contributions by making partial use of the company’s Authorised Capital. The share capital is to be raised by up to EUR 5,988,816 by issuing up to 5,988,816 new registered no-par value shares, corresponding to around 43% of current share capital. The new shares will be entitled to receive dividends as of 1 January 2013.

The new shares are to be underwritten by M.M. Warburg & CO KGaA, Hamburg, and offered for subscription to shareholders by way of an indirect subscription right in a ratio of 7:3. Seven subscription rights will thus entitle shareholders to subscribe for three new shares, whereby each share of Lotto24 AG grants a subscription right. The subscription price is EUR 3.00.

The subscription period for the new shares begins on 12 September 2013 and is expected to end on 25 September 2013 (including said dates). The subscription rights (ISIN: DE000LTT0029) for the new shares will be traded in the Regulated Market segment of the Frankfurt Stock exchange in the period from 12 September 2013 to 23 September 2013 (including said dates).

New shares that have not been subscribed for in the rights offering by the end of the subscription period will be offered for purchase to qualified investors in a private placement in Germany, as well as in selected other jurisdictions outside the United States of America in accordance with Regulation S of the U.S. Securities Act of 1933, as amended, as well as outside Canada, Japan and Australia.

Lotto24 AG intends to use the net proceeds from the capital increase to conduct marketing activities aimed at accelerating the acquisition of new customers. Proceeds are also to be used for the further development of the brokerage platform, including an expansion of the product portfolio to include further lotteries and the expansion of services for state-licensed lotteries.

Petra von Strombeck, CEO of Lotto24 AG, commented: “After overcoming the regulatory hurdles and demonstrating in the second quarter that Lotto24 AG has a functioning business model, we would now like to widen our client base by stepping up our marketing activities. As the market is set to be shared out over the coming years, we aim to gain the financial scope now which will enable us to become the leading online lottery broker in Germany.”

In September 2012, Lotto24 AG was one of the first private German companies to receive a permit for the online marketing of state lotteries. In March 2013, the company was one of the first providers to be granted a permit for Internet and TV advertising, which was subsequently launched in the second quarter of 2013. Billings, revenue and the number of registered customers were all more than doubled in comparison to the first quarter of 2013.


This announcement constitutes neither an offer to sell nor a solicitation to buy securities. Interested investors should base their investment decision regarding the securities referred to in this announcement exclusively on the basis of information from a securities prospectus relating to the offer of these securities published by the company. Subject to approval by the Federal Financial Supervisory Authority (BaFin), the securities prospectus will be published on the website of Lotto24 AG ( on 10 September 2013 and will be available in printed form after publication from M.M. Warburg & CO KGaA, Ferdinandstrasse 75, 20095 Hamburg, free of charge.

This announcement constitutes neither an offer to buy securities nor a solicitation to submit an offer to buy securities in the United States, Canada, Australia or Japan. The shares of Lotto24 AG (the “Shares”) may not be offered or sold in the United States, nor to US persons (as defined by Regulation S of the US Securities Act of 1933, as amended (the “Securities Act”)) nor for the account of US persons, unless they are registered or are exempt from registration pursuant to the Securities Act. The Shares are not and will not be registered in accordance with the Securities Act. The information contained in this announcement may not be distributed in the United States, nor to US persons, nor in Canada, Australia or Japan.