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Shareholders' Meeting of JAXX SE: Schleswig-Holstein's politicians urged to stand their ground

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

18.05.2011 / 15:40

Shareholders' Meeting of JAXX SE: Schleswig-Holstein's politicians urged to stand their ground

Kiel, May 18, 2011 - Mathias Dahms, Management Board spokesman of JAXX SE, today called on Schleswig-Holstein's politicians not to compromise on their position to date in the negotiations on the reorganisation of the German gaming market. The refocusing of gaming in Germany was one of the main topics at the Shareholders' Meeting of JAXX SE, which took place today in Kiel. 'The legislation being proposed by Kiel is good for the consumer, economically feasible and perfectly compatible with European law - all that was recently confirmed by the EU Commission's recent positive verdict on the notification process,' commented Mathias Dahms. 'That the draft of the other 15 federal states is seriously flawed was made clear at the start of this week by Siegfried Kauder, no less, Chairman of the Bundestag's Justice Committee. He called on the 15 federal states with astonishing clarity not to pass the planned draft. We can only echo his opinion.'

Other topics covered by the Management Board's report were the positive performance in the 2010 financial year, the further expansion of the myBet.com brand and the JAXX Group's positive start to the new financial year.

The Shareholders' Meeting discharged the Management Board and Supervisory Board for the 2010 financial year and elected KPMG Wirtschaftsprüfungsgesellschaft as the new auditors for the 2011 financial year. The shareholders also voted in favour of the change to the authorised capital and the creation of new conditional capital.

The turnout at the Shareholders' Meeting was 31,1 percent (previous year: 31.6 percent).

The results of the individual votes were:

  Agenda item In favour
Item 2 Discharge of the Management Board 98.9 %
Item 3 Discharge of the Supervisory Board 98.3 %
Item 4 Election of the auditors 99.6 %
Item 5 Change to Authorised Capital 2010/I 96.3 %
Item 6 Change to Authorised Capital 2010/II 79.7 %
Item 7 Authorisation to issue convertible bonds and create Conditional Capital 2011/I 96.3 %


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, Spain, Austria and Malta. 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 shares of JAXX SE have been traded at Deutsche Börse since 1999 under ISIN DE000A0JRU67.

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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125260  18.05.2011