Brief: Cliq Digital Increases Shareholding In Subsidiary Red27mobile

Cliq Digital AG

15/11/2019 13:47

Nov 15 (Reuters) - CLIQ DIGITAL AG  CLIQ.DE :
    * AG INCREASES SHAREHOLDING IN SUBSIDIARY RED27MOBILE LTD
    * TRANSACTION WAS IMPLEMENTED WITH ECONOMIC EFFECT AS OF 1
APRIL
2019 AND COMPLETED IMMEDIATELY AFTER SIGNING OF CONTRACTS
    * TO INCREASE SHAREHOLDINGS IN ITS SUBSIDIARY RED27MOBILE
LTD
("RED27") FROM 51% TO 80%.
    * SELLING SHAREHOLDERS, RICHARD KEELEY AND ALEX ROOKE,
CONTINUE TO
HOLD 20% OF SHARES
    * EXPECTS INCREASE OF MAJORITY STAKE IN RED27 WILL LEAD TO
SIGNIFICANT CONTRIBUTION TO EARNINGS AND WILL HAVE A POSITIVE
IMPACT ON EPS

Source text for Eikon:  ID:nEQ41xx77a 
Further company coverage:  CLIQ.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))