Düsseldorf, 12 December 2014 – CLIQ Digital AG (ISIN DE000A0HHJR3, SCN A0HHJR), a leading provider of games, apps, software and entertainment content for mobile devices, has announced that the Management Board is exercising the company’s mandatory conversion right for the outstanding 2014/2017 convertible bond (ISIN: DE000A12UNG8, SCN: A12UNG) at a total amount of EUR 394,000.
The mandatory conversion right arises from section 8 of the terms and conditions of the 2014/2017 convertible bond. The conversion of the 2014/2017 convertible bond will further boost the company’s equity base and ratio following the cash capital increase in October, thereby improving its financial situation.
The 2014/2017 convertible bond is divided into 394 bearer bonds, each with a nominal amount of EUR 1,000. The conversion price per share is EUR 1.50. The conversion, which is to be implemented effective 29 December 2014, will increase the share capital of the company by partially utilising contingent capital from EUR 5,926,048, consisting of 5,926,048 bearer shares with a pro rata amount of capital of EUR 1.00 per share, to up to EUR 6,188,714, consisting of up to 6,188,714 bearer shares with a pro rata amount of capital of EUR 1.00 per share. The new shares will have dividend rights from 1 January 2014. They will be included in the existing listing of Cliq Digital AG shares on the open market (entry standard) of the Frankfurt Stock Exchange (ISIN: DE000A0HHJR3, SCN: A0HHJR) on delivery.