DGAP-News: CLIQ Digital AG holds successful Annual General Meeting and approves dividend of 28 cents per share
DGAP-News: Cliq Digital AG
/ Key word(s): AGM/EGM
CLIQ Digital AG holds successful Annual General Meeting and approves dividend of 28 cents per share
- Annual General Meeting approves dividend proposal of 28 cents per share
- Supervisory Board re-elected by a large majority
Dusseldorf, August 24, 2020 - CLIQ Digital AG (ISIN DE000A0HHJR3, WKN A0HHJR), a leading digital lifestyle company, providing consumers worldwide with streaming entertainment services, last Friday held successfully its Annual General Meeting in Dusseldorf.
The shareholders approved the proposal of the Management and resolved to pay a dividend of 28 cents per share. The distribution consists of a basic dividend of 14 cents per share and an additional special distribution of 14 cents per share as recognition of the shareholders' loyalty. Based on the share closing price on August 20, 2020, this results in a dividend yield of 2.5%. CLIQ Digital wants its shareholders to participate in the success of the Company. In each of the coming fiscal years 40% of the consolidated net income (after minority interests) in accordance with IFRS is to be distributed to shareholders, provided the legal requirements for this are met.
CLIQ Digital has positioned itself as an all-in-one streaming service provider in the streaming entertainment sector and further differentiated its offering in order to continue on its growth path. The success of the already implemented strategic measures can be clearly seen in the strong business development in the first half of 2020. Gross revenue increased by 67% to EUR 47.2 million in the first half of the year, while net result before minorities almost tripled year-on-year to EUR 4.4 million. The company reported earnings per share of EUR 0.49 for the first half year of 2020, which is already far above the EUR 0.36 for the full year of 2019.
"Considering the strong business development, we are pleased to be able to let our shareholders participate in the Company's success. The improved results confirm we are on the right strategic path, and we look forward to the future ahead with confidence," says Ben Bos, member of CLIQ Digital's Management Board.
The election of new Supervisory Board members was also on the agenda, as the term of office of the Supervisory Board members expired at the end of the shareholders' meeting, a new election was necessary. The shareholders re-elected Dr. Mathias Schlichting, Karel Tempelaar and Niels Walboomers to their positions. The Supervisory Board members were appointed for the period until the end of the 2025 Annual General Meeting, which has to decide on the discharge for the 2024 financial year. In the constituent meeting following the Annual General Meeting, Dr. Mathias Schlichting was re-elected as Chairman of the Supervisory Board and Karel Tempelaar was re-elected as his deputy. Niels Walboomers continues to serve as a member of the Supervisory Board.
The Annual General Meeting approved the proposals of the Management by a large majority when voting on the agenda. Around 45.8% of the voting share capital was present at the 2020 CLIQ Digital Annual General Meeting.
The voting results for each item on the agenda of the Annual General Meeting will be published today, August 24, 2020, at cliqdigital.ag/investors.
CLIQ Digital (www.cliqdigital.com) is a leading digital lifestyle company, providing consumers worldwide with streaming entertainment services. Members get unlimited access to music, audiobooks, games, sports and movie content. The core business of the Group is the online direct marketing of its streaming entertainment services to consumers globally. In 2019 CLIQ Digital realized over 90% of its sales in Europe and North America. CLIQ Digital's headquarter is based in Dusseldorf and has offices in Amsterdam, London, Paris, Barcelona and Tequesta, Florida. The Group employs approximately 100 staff and is listed in the Scale (30) segment at the Frankfurt Stock Exchange (ISIN DE000A0HHJR3).
24.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Cliq Digital AG|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1121679|
|End of News||DGAP News Service|
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With 6 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
However, we have a potential of -36.508% for Cliq Digital AG as the target price of €12.00 is below the current price of €18.90.