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Investor Relations

    12.02.2009

    TOMORROW FOCUS AG buys a further 14 percent of HolidayCheck AG

    TOMORROW FOCUS AG has, today, through its subsidiary TF-Beteiligungs GmbH, bought a further 14 percent of the travel portal HolidayCheck AG, based in Bottighofen, Switzerland. The purchase price of 21.6 million will be paid in three instalments. 60 percent of the purchase price is to be paid immediately, a further 30 percent on 12th February 2010 and 10 percent on 12th February 2011. Included in the purchase price are the proportionally accrued earnings and cash subscription rights.

    TOMORROW FOCUS AG now holds 94 percent of the shares in HolidayCheck AG. The remaining shares are held by the existing shareholders. With regard to these shares, the existing Put-Call arrangement has been changed so that they can now be drawn by both sides in the course of 2014. The founding partners are still linked to the company in the management team and through their advisory role.

    Stefan Winners, CEO of TOMORROW FOCUS AG: "HolidayCheck has shown outstanding development in recent years and months. Moreover, the operating results for the year 2008 were considerably higher than the previous year and above target. HolidayCheck also seems to have emerged from the current crisis as a winner. The increase in our shareholding to 94 percent was therefore a sensible move. At the same time, I am very pleased that the successful shareholders and management team will continue to be involved in HolidayCheck. It's a clear sign of how the founders judge the future growth of the company. To be specific, it is our goal to become one of the top three players in the European online travel sector.

    Contact

    Armin Blohmann
    Armin Blohmann

    Head of Group Communications & Investor Relations

    TOMORROW FOCUS AG

    Contact details

    Armin Blohmann
    Armin Blohmann

    Head of Group Communications & Investor Relations

    • TOMORROW FOCUS AG
    • Ecotour
    • MeteoVista
    • Tjingo
    • Zoover
    Contact

    Neumarkter Str. 61

    81673 München

    Phone: +49 (0) 89 9250 1256

    Fax: +49 (0) 89 9250-2403

    Email: a.blohmann@tomorrow-focus.de

    Sabine Wodarz
    Sabine Wodarz

    Deputy Head of Group Communications & Investor Relations

    TOMORROW FOCUS AG

    Contact details

    Sabine Wodarz
    Sabine Wodarz

    Deputy Head of Group Communications & Investor Relations

    • TOMORROW FOCUS AG
    • Ecotour
    • MeteoVista
    • Tjingo
    • Zoover
    Contact

    Neumarkter Str. 61

    81673 München

    Phone: +49 89 9250-1208

    Fax: +49 89 9250-2403

    Email: s.wodarz@tomorrow-focus.de