DGAP-Adhoc: Cashcloud AG: Additional financing commitment - operations on track
10.07.2015 – 15:16
Cashcloud AG / Key word(s): Miscellaneous 10.07.2015 15:13 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Additional financing commitment - operations on track - Additional equity financing commitment in the amount of EUR 1 million - Complements the capital increase planned for late August - User numbers show positive trend - currently over 130,000 registered users Basle, 10 July 2015. Cashcloud AG announces that it has received the binding commitment from an investor to provide the company with new equity capital in the amount of EUR 1 million. This commitment complements the capital measures communicated on 19 June 2015. The new shares will be issued at a price of EUR 9.50. In addition, the company agreed another loan in the amount of EUR 300,000. The resulting cash flow and the existing funds will provide the company with sufficient cash until the end of the year to implement its operational business objectives. The innovative and comprehensive mobile eWallet has put Cashcloud on the growth track. The company has meanwhile signed up over 130,000 registered users and is currently preparing to make the app available also in other countries besides the existing markets of Germany, France, Spain and the Netherlands. The shares of Cashcloud AG were admitted to trading in the General Standard of the Frankfurt Stock Exchange on 8 June 2015 at a price of EUR 3.82. Trading was suspended by the Stock Exchange on 30 June 2015 at a price of EUR 9.66. Cashcloud AG has no information what prompted the Stock Exchange's decision but assumes that this will be only a temporary measure. The company is clearly interested in proper trading and is available to provide the Stock Exchange with any kind of assistance. Cashcloud operates in the dynamic growth market for digital and mobile payments. Together with its partners, the company relied on the General Standard of Deutsche Börse for its future expansion. Cashcloud AG will inform its shareholders immediately as soon as new information becomes available. About Cashcloud AG The cashcloud solution, which has won numerous internationally recognised awards, sets innovative standards in the fast-growing digital and mobile payment transaction market. Available in Germany, France, Spain and the Netherlands, the application has generated more than 130,000 registered users already. The solution is complemented with a prepaid MasterCard(R) and an NFC sticker based on a partnership with MasterCard(R), making cashless and contactless payments and money transfers between friends easier than ever before. Cashcloud is opening up global market potential with innovative solutions and superior technology. The shares of Cashcloud AG (symbol: KCC; ISIN CH0132106482) are listed on the General Standard of Deutsche Börse. Contact: Cashcloud AG, CH-4051 Basel investors@cashcloud.com +49 89 88 96 906 13 Disclaimer This announcement does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in Cashloud AG; it is provided solely for purposes of information. Any information shown in this announcement is intended exclusively for persons having their main residence or registered office in Germany and Luxembourg. In particular, the information in this announcement does not constitute or shall be construed as an offer to purchase securities in Cashcloud AG for persons having their main residence or registered office in other countries, e.g. United States of America, Japan and Canada. Only the information included in the approved securities prospectus of Cashcloud AG dated May 13, 2015 is definitive for the purchase of shares in Cashcloud AG; the securities prospectus is published on the Company's website www.cashloud.ag in the section "Investor Relations". The approved securities prospectus can also be requested free of charge from Cashcloud AG (Steinenberg 19, 4051 Basel, Switzerland). --------------------------------------------------------------------------- Language: English Company: Cashcloud AG Steinenberg 19 4051 Basel Switzerland Phone: +41 61 638 2052 Fax: +41 61 638 2025 E-mail: Internet: www.cashcloud.ag ISIN: CH0132106482 WKN: A14NYB Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------