Betbull Holding SE
bwin Converting Convertible Loan Note in betbull; betbull Taking Full Ownership in Betbull Bwin Espana S.A.
Betbull Holding SE / Miscellaneous 19.11.2009 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. --------------------------------------------------------------------------- bwin Converting Convertible Loan Note in betbull; betbull Taking Full Ownership in Betbull Bwin Espana S.A. betbull Holding SE ('betbull') and bwin Interactive Entertainment AG ('bwin') agreed to the conversion of the 2,500,000 EUR convertible loan note of betbull issued to bwin on 9 November 2007 into 1,250,000 ordinary shares of EUR 1 in betbull ('Ordinary Shares'). bwin and betbull have also agreed to the transfer of bwin's 49% share in Betbull Bwin Espana S.A. ('BBE') to betbull in exchange for the issue of 1,101,124 Ordinary Shares in accordance with their agreement on 9 November 2007 when setting up and funding BBE. Following this transfer betbull owns the entire issued share capital of BBE. Following the above share issues, betbull's issued share capital has increased by 2,351,124 Ordinary Shares to 10,914,624 Ordinary Shares. bwin's overall shareholding in betbull now amounts to 4,036,141 shares representing 36.98% of the currently issued ordinary share capital of betbull. Commenting on today's release Simon Bold, Director of betbull Holding SE added: 'The convertible loan note and bwin's participation as a stake holder in BBE have enabled initial development of the Madrid venture and the objectives of those financial structures have been satisfied. The restructuring serves to regularise and tidy up the setup of the two companies, bringing all retail activities into the betbull group. bwin continues to support betbull as the major stake holder with just short of 37% of total shareholding.' - 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. 19.11.2009 Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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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