– Capital increase fully subscribed, convertible bond subscribed for in the amount of EUR 394,000
– Placement of both instruments ensures gross proceeds of approximately EUR 2.6 million
Düsseldorf, 4 November 2014 - CLIQ Digital AG (ISIN DE000A0HHJR3, WKN A0HHJR), a leading provider of mobile games, apps, software and
entertainment, has determined the number of shares to be issued from the capital increase against cash contribution and the final terms of the convertible bond, both initially resolved on 14 October 2014.
The Company’s registered share capital will be increased from EUR 4,445,699.00 by EUR 1,480,349.00 to EUR 5,926,048.00 through the issue of 1,480,349 new no par value bearer shares, each with a notional value of EUR 1.00 per share. The new shares were fully subscribed by new investors in a private placement and by existing shareholders of the Company in the rights offering for EUR 1.50 per share. The new shares carry full dividend rights from 1 January 2014. The new CLIQ Digital AG shares are expected to be included in the existing listing on the entry standard sub-segment of the Frankfurt Stock Exchange on 6 November 2014. The transaction was accompanied by Baader Bank AG, Unterschleißheim.
The convertible bond amounts to EUR 394,000 and is divided into 394 notes in bearer form with a nominal amount of EUR 1,000 each and matures on 5 November 2017. The notes are offered at 100% of their nominal amount and with an annual coupon of 6.5 %. The conversion price is EUR 1.50 per share. The notes are convertible into 262,666 new or existing no par value bearer shares of CLIQ Digital AG, each with a notional value of the Company’s share capital of EUR 1.00 per share. Noteholders have the right to exercise their conversion right from 6 November 2014 until the maturity date. CLIQ Digital AG has the right to enforce the conversion from 12 December 2014 on.
The total gross proceeds from the capital increase and the convertible bond are approximately EUR 2.6 million. Ben Bos, Management Board of CLIQ Digital, comments on the successful placement: “The interest shown by investors indicates that, after having finalised the financial restructuring, we are on the right track. And with the extra funds available for marketing we are able to operationally act more aggressively and implement our growth strategy consequently.”