Put companies on watchlist
Cliq Digital AG
ISIN: DE000A35JS40
WKN: A35JS4
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

Cliq Digital AG · ISIN: DE000A35JS40 · EQS - adhoc news (27 News)
Country: Germany · Primary market: Germany · EQS NID: 1841159
20 February 2024 02:27PM

CLIQ Digital resolves to return capital to shareholders by means of a share buyback programme of up to €13 million and not through the distribution of a dividend in 2024


EQS-Ad-hoc: Cliq Digital AG / Key word(s): Share Buyback
Cliq Digital AG: CLIQ Digital resolves to return capital to shareholders by means of a share buyback programme of up to €13 million and not through the distribution of a dividend in 2024

20-Feb-2024 / 14:27 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


CLIQ Digital resolves to return capital to shareholders by means of a share buyback programme of up to €13 million and not through the distribution of a dividend in 2024

Düsseldorf, this 20 February 2024. The Management Board and the Supervisory Board of CLIQ Digital AG (ISIN: DE000A35JS40) resolved today to initiate a share buyback programme with a volume of up to €13 million. The programme is scheduled to begin as soon as possible and be completed within twelve months. It will be based on the existing authorization by the general shareholders meeting of 14 April 2022 which allows the acquisition of up to 646,871 shares of the company. The shares will be bought back over the stock exchange and shall be used to reduce CLIQ Digital’s capital through cancellation and/or to meet CLIQ Digital’s obligations arising from stock option plans. The buyback will be exercised independently and without the influence of CLIQ Digital by an investment bank commissioned by CLIQ Digital, which shall make the decisions on the timing and amount of the individual order placements. All required regulatory disclosures will be made before the actual commencement of the share buyback programme.

At the same time, CLIQ Digital’s Management Board and Supervisory Board resolved to propose to the ordinary general shareholder meeting scheduled for 4 April 2024 not to pay a dividend to the shareholders in 2024 (2023: dividend amount of approx. €11.6 million or €1.79 per share).

CLIQ Digital believes that a share buyback programme is a preferable means to return capital to its shareholders compared to a dividend distribution. Furthermore, the programme aims at reducing the volatility of CLIQ Digital’s share price and increasing shareholder value. As part of its capital return strategy, CLIQ Digital will decide on a yearly basis to what extent and how capital will be returned to its shareholders in the coming years.



End of Inside Information

20-Feb-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Cliq Digital AG
Grünstraße 8
40212 Düsseldorf
Germany
E-mail: s.mccoskrie@cliqdigital.com
Internet: www.cliqdigital.com
ISIN: DE000A35JS40
WKN: A35JS4
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1841159

 
End of Announcement EQS News Service

1841159  20-Feb-2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1841159&application_name=news&site_id=boersengefluester_html
Visual performance / price development - Cliq Digital AG
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.