CLIQ Digital launches a €13 million share buyback program

On February 20, 2024, the management board and supervisory board of CLIQ Digital AG announced the launch of a share buyback program with a maximum value of €13 million. This program will start as soon as possible and must be completed within twelve months. It is based on the authorization granted by the general meeting of shareholders on April 14, 2022, allowing the acquisition of up to 646,871 company shares. The buyback will be conducted on the stock market and the acquired shares may be used to reduce CLIQ Digital's capital through cancellation and/or to cover the company's obligations arising from stock option plans.

Additionally, it has been decided to propose to the ordinary general meeting of shareholders, scheduled for April 4, 2024, not to pay a dividend in 2024, unlike the previous year when around €11.6 million had been distributed (equivalent to €1.79 per share). CLIQ Digital's management believes that a share buyback program is preferable to redistribute capital to its shareholders. They also aim to reduce the volatility of their share price and increase shareholder value.