Tag Archives: Zeal Network

No Delay – Zeal states that vote on Lotto24 takeover must be sanctioned

The governance of Deutsche Borse-listed Zeal Network has this afternoon communicated that no postponement shall be made for its planned shareholder AGM on 19 January, in which corporate investors will vote on whether to approve the firm’s planned takeover of German market competitor Lotto24 AG. The regulatory approved transaction has hit industry news headlines this January, as Zeal investor Lottoland …

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Zeal counters Lottoland criticism of Lotto24 takeover

The governance of Zeal Network has responded to yesterday’s open letter published by Lottoland CEO, Nigel Birrell urging Zeal shareholders to reject the firm’s approved takeover of German competitor Lotto24 AG. Representing Lottoland as a shareholder of Zeal, Birrell questioned the valuation, legitimacy, management and due diligence of a Lotto24 takeover, stating that should the transaction be processed it would …

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ZEAL Network writes down Geonomics investment

Frankfurt XETRA listed European lottery broker ZEAL Network SE (formerly MyLotto24) has announced that it will write down its venture investment in UK lottery games operator Geonomics Ltd. Updating the market, ZEAL governance detailed that it had reviewed Geonomics growth viability and concluded that it could no longer support its investment in the business. ZEAL’s write down will see the …

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