DGAP-Adhoc: CLIQ Digital AG increases shareholding in subsidiary Red27Mobile Ltd
DGAP-Ad-hoc: Cliq Digital AG / Key word(s): Investment Ad hoc announcement according to Section 17 MAR The transaction was implemented with economic effect as of 1 April 2019 and completed immediately after the signing of the contracts. The purchase price is financed from a mix of available cash, bank financing and the cash flow from operating activities of CLIQ Digital AG. Red27, with headquarters in London UK, operates its business activities in EMEA and achieved a strong market position in the distribution of mobile content with a focus on entertainment and games. CLIQ Digital expects that the increase of its majority stake in Red27 will lead to a significant contribution to earnings in the future and will have a positive impact on the earnings per share.
15-Nov-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Cliq Digital AG |
Immermannstr. 13 | |
40210 Düsseldorf | |
Germany | |
E-mail: | [email protected] |
Internet: | www.cliqdigital.com |
ISIN: | DE000A0HHJR3 |
WKN: | A0HHJR |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 914347 |
End of Announcement | DGAP News Service |
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914347 15-Nov-2019 CET/CEST