JAXX SE to change its name to mybet Holding SE

The change of name is prompted by the group's decision to focus on the products sports betting, casino and poker, which are offered on Internet platforms and in betting shops under the brand name mybet. mybet has held one of the first three sports betting licences in Schleswig-Holstein since the start of May. At the start of May the holding company disposed of lottery agency business offered under the JAXX brand, its former core area of operations, to a private group of investors for 12.5 million euros.

Other topics covered by the report of the Management Board to the Shareholders' Meeting were the development in the 2011 financial year, the successful start made to the new 2012 financial year by the JAXX Group, and the forthcoming launch of the Internet presences www.mybet.de in Germany, www.mybet.it in Italy and www.netbet.es in Spain.

The Shareholders' Meeting discharged the Management Board and Supervisory Board for the 2011 financial year and elected KPMG Wirtschaftsprüfungsgesellschaft as the auditors for the 2012 financial year. The shareholders also approved the agenda items concerning the optimisation of the company's capital base. Only the authorisation for the issuance of stock options through which the employees and management of the company are to participate in a positive share price performance did not achieve the necessary three-quarters majority.