CLIQ Digital launches a €13 million share buyback program for 2024

CLIQ Digital AG announced today its intention not to pay dividends for the year 2024, choosing instead to return up to €13 million of capital to its shareholders through a share buyback program. This decision was made following a resolution by the Management Board and Supervisory Board, and will be proposed at the Annual General Meeting scheduled for April 4, 2024. This share buyback, representing 43% of the group's operational cash flow in 2023, is expected to start as soon as possible and be completed within twelve months.

The repurchased shares could be cancelled or used to meet obligations arising from CLIQ Digital's stock option plans. This plan aims to increase value for shareholders in a high market volatility context, especially since CLIQ Digital's shares are considered significantly undervalued by many financial experts.

The buyback operation will take place on the Xetra stock exchange of Deutsche Börse AG, in accordance with the "safe harbor" rules of Article 5 of the EU Market Abuse Regulation. The management of this program will be entrusted to an independent investment bank, without influence from CLIQ Digital. The company will regularly update the progress of the program on its website.