Disclosure of inside information pursuant to Article 17(1) of Regulation (EU) 596/2014 on Market Abuse (Market Abuse Regulation – MAR)
Dusseldorf, this 22 July 2017 – Today, CLIQ Digital AG (“CLIQ Digital“) signed an agreement to acquire 51% of the business operations of the UK based companies Universal Mobile Enterprises Ltd. (“UME“) and Moonlight Mobile Ltd. (“MM“). For this purpose, CLIQ Digital purchased 100% of the shares of UME and MM. With economic effect as per 1 June 2017, the business of UME and MM will be run by a newly established entity in which CLIQ Digital holds a stake of 51%. The remaining 49% of the shares in the newly established company will be held by the founders of UME and MM, Richard Keeley and Alex Rooke, who will continue to manage the operative business. Completion of the transaction took place immediately after signing.
UME and MM are active in the distribution of digital products. In their business year ending 30 April 2017 they achieved a total net revenue of GBP 10.3 million (UK GAAP). CLIQ Digital expects that the majority participation in the business of UME and MM will show a positive impact on its group earnings.