Cash capital increase of Lotto24 AG: Heuking Kühn Lüer Wojtek advises Sole Lead Manager M.M.Warburg & CO
Lotto24 AG, listed at Frankfurt Stock Exchange's Prime Standard, carried out a cash capital increase from authorized capital. Lotto24 shareholders had been offered subscription rights for 5,988,816 new shares from September 12-25, 2013. As part of the subscription rights issue, Heuking Kühn Lüer Wojtek advised M.M.Warburg & CO KGaA, which accompanied the transaction as Sole Lead Manager.
Heuking Kühn Lüer Wojtek, headed by Dr. Katja Plückelmann, had already advised independent private bank M.M.Warburg & CO on other transactions. The bank's core business areas are private banking, asset management and investment banking.
Lotto24 AG provides for online participation in the lotteries of the German Lotto and Toto block. It pursues the objective of becoming the leading broker of lottery products via Internet in Germany. With the subscription rights issue, Lotto24 AG generated net issue proceeds of about EUR 17 million, which are to be used for marketing measures to accelerate new customer acquisition. The corporation was advised by K&L Gates LLP.
Counsel to M.M. Warburg & CO KGaA
Heuking Kühn Lüer Wojtek, Düsseldorf
Dr. Katja Plückelmann (Capital Market Law and Corporate),
Miriam Schäfer (Capital Market Law and Corporate),
Marc Oliver Brock (Gambling Law),
Dr. Philip Kempermann, LL.M. (IT)