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CLIQ Digital AG: Dylan Media to Vote Against Proposed Share Buyback and CLIQ Digital Currently No Longer Considers Delisting
Globenewswireยท2025-08-06 18:20

Core Points - CLIQ Digital AG's largest shareholder, Dylan Media B.V., will vote against the proposed share buyback at the upcoming Annual General Meeting on August 21, 2025 [2][3] - Dylan Media's decision is influenced by CLIQ Digital's recent announcement regarding challenges in processing payments and acquiring new customers, leading to the withdrawal of the company's financial outlook for 2025 [3][4] - In light of these developments, CLIQ Digital's Management Board has decided not to consider delisting from the stock exchange at this time [4] Company Developments - The proposed agenda item for the Annual General Meeting involves a public partial share repurchase offer and capital reduction through the redemption of repurchased shares [2] - Dylan Media believes that preserving liquidity is the most prudent short-term strategy, hence opposing the share buyback [4] - CLIQ Digital has faced significant obstacles in the global digital payments ecosystem, impacting its operational capabilities [3]