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JAXX SE: Shareholders' Meeting approves change of name to mybet Holding SE


JAXX SE / Key word(s): AGM/EGM

24.05.2012 / 14:07


JAXX SE: Shareholders' Meeting approves change of name to mybet Holding SE

Kiel, May 24, 2012 - The Kiel-based financial holding company JAXX SE will operate under the name of 'mybet Holding SE' in future. The change was approved by a large majority by today's Shareholders' Meeting in Kiel. The change of name will take effect upon entry on the Commercial Register, probably in July 2012.

The change of name is prompted by the group's decision to focus on the products sports betting, casino and poker, which are offered on Internet platforms and in betting shops under the brand name mybet. mybet has held one of the first three sports betting licences in Schleswig-Holstein since the start of May. At the start of May the holding company disposed of lottery agency business offered under the JAXX brand, its former core area of operations, to a private group of investors for EUR 12.5 million.

Other topics covered by the report of the Management Board to the Shareholders' Meeting were the development in the 2011 financial year, the successful start made to the new 2012 financial year by the JAXX Group, and the forthcoming launch of the Internet presences www.mybet.de in Germany, www.mybet.it in Italy and www.netbet.es in Spain.

The Shareholders' Meeting discharged the Management Board and Supervisory Board for the 2011 financial year and elected KPMG Wirtschaftsprüfungsgesellschaft as the auditors for the 2012 financial year. The shareholders also approved the agenda items concerning the optimisation of the company's capital base. Only the authorisation for the issuance of stock options through which the employees and management of the company are to participate in a positive share price performance did not achieve the necessary three-quarters majority.

The turnout at the Shareholders' Meeting was 32.6 percent (previous year: 31.1 percent).

The results of the individual votes were:

  Agenda item In favour
Item 2 Discharge of the Management Board 99.6 %
Item 3 Discharge of the Supervisory Board 99.6 %
Item 4 Election of the auditors 99.6 %
Item 5 Change of name to mybet Holding SE 99.4 %
Item 6 Cancellation of Conditional Capital 2007/I, authorisation for the issuance of convertible bonds, creation of Conditional Capital 2012/I 96.3 %
Item 7 Partial cancellation of Conditional Capital 1999/III, 2000/I, 2005/I and 2006/I 99.2 %
Item 8 Authorisation for the issuance of stock options; creation of Conditional Capital 2012/II 74.7 %

About JAXX:

JAXX SE, listed in the Prime Standard of Deutsche Börse, is a financial holding company with holdings in international companies in the gaming industry. JAXX currently holds interests in companies in Germany, the UK, Italy, Spain, Austria, Malta and Belgium. JAXX SE has its headquarters in Kiel. The holding companies cover the entire spectrum of the games and gambling industry. Depending on national regulatory structures, they broker or market sports and horse betting, lotteries, and casino and poker games. The best-known brands of the JAXX Group include the sports betting provider mybet. The shares of JAXX SE have been traded at Deutsche Börse since 1999 under ISIN DE000A0JRU67.

Contact:
JAXX SE
Investor Relations & Corporate Communications
Stefan Zenker
Tel. +49 (40) 85 37 88 47
Fax +49 (40) 85 37 88 30
Mail stefan.zenker@jaxx.com



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171385  24.05.2012