News Detail

Betbull Holding SE / Miscellaneous

14.12.2009 

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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betbull Holding SE ('betbull') announces that it is to effect a new share issue, appointments to the Executive Board and relocation update
Share issue

The administrative organ of betbull has resolved to effect a placing of 800,000 ordinary shares of EUR 1.00 each at a placing price of
EUR 1.25 each to raise EUR 1,000,000 before expenses for betbull. Certain existing shareholders including members of the management team have agreed to subscribe for shares pursuant to the placing. The proceeds of the placing will be used to finance the development of Betbull Bwin Espana S.A.'s retail betting business in Madrid.

Appointment to Executive Board

In addition to being members of the administrative organ, Simon Bold and Alexander Leip have been appointed as Managing Directors of betbull, implementing the first step in forming the Executive Board to become fully effective after the relocation to Vienna. As announced earlier this year Gunter Schmid is taking a non-executive position with betbull and will continue to be a member of the administrative organ.
Relocation update

betbull is continuing to proceed with the steps necessary to relocate its registered office to Austria. Consent is being obtained from Her Majesty's Revenue and Customs in the UK to the change in tax residency following the relocation. betbull hopes to have all remaining matters resolved in order to enable the relocation to be effected before the end of QI 2010.
Commenting on today's release Simon Bold said: 

'We are happy to have reached agreement on further funding for our Spanish operations, clearly demonstrating the company's commitment and confidence in this area.

Relocation of the company from London to Vienna is in the final stages and we will benefit in the coming year from cost savings associated with this move.'

- ENDS -  

Contact

David De Marco, Group Finance Director

d.demarco@betbull.com 
Phone +356 21494443 
Fax +356 21480132 
 
betbull Holding SE

15 Fetter Lane, 
London EC4A 1JP 
United Kingdom

Betbull Holding SE (formerly betbull plc) is registered in England & Wales under the Registration Number SE12 (formerly 05044730).
This communication can be downloaded from the website www.betbullse.com.
About betbull:

betbull is an established provider of gaming centred retail entertainment, based in London. betbull offers its customers principally horse and sports betting at licensed betting shops, complemented by slot machines, internet betting and sports bars. betbull accepts bets based on licences in England and Wales, Malta and Germany, and is also licensed in Madrid, Spain. In Germany, betbull products are available above all under the 'Wettenleip' brand. In Madrid, Spain, betbull operates under the 'w1nners' brand. betbull itself has been quoted on the Third Market of the Vienna Stock Exchange since October 2004 (ISIN AT0000615331) and was established as a joint venture between Fun Technologies Plc and bwin Interactive Entertainment AG. For detailed information on betbull, visit www.betbullse.com.


14.12.2009 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Betbull Holding SE
              15 Fetter Lane
              EC4A 1JP London
              Großbritannien
Phone:        +356 21480131
Fax:          +356 21480132
E-mail:       info@betbull.com
Internet:     www.betbullplc.com
ISIN:         AT0000615331
WKN:          A0DKM0
Listed: Freiverkehr in Berlin, Stuttgart; Open Market in Frankfurt;               Foreign Exchange(s) Wien
 
End of News DGAP News-Service  

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