DGAP-Adhoc: Cashcloud AG: Cashcloud AG reacts to trade suspension
13.07.2016 – 09:47
DGAP-Ad-hoc: Cashcloud AG / Key word(s): Letter of Intent/Temporary Suspension Cashcloud AG: Cashcloud AG reacts to trade suspension 13.07.2016 / 09:30 Disclosure of an inside information according to Article 17 MAR. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Ad hoc Announcement of Cashcloud AG 13 July 2016 Cashcloud AG reacts to trade suspension Basel, July 13, 2016. The Board of Directors of Cashcloud AG (Basel) has decided the following regarding the continuing suspension of trading: 1. It shall be invited on August 2, 2016 a general meeting which is to approve the realignment. 2. An opinion of an international auditing company determines the value of the operating business through a fairness opinion. 3. The Board is in his responsibility for the company is taking appropriate measures for the implementation. 4. An investor group takes over then with the Luxembourg Cashcloud SA the business operations with the related assets and brings the necessary capital for the planned expansion. 5. For speedy implementation a contract is concluded, which is subject to approval by the General Assembly. -------------------------------------------------------------------------------- Information and Explanation of the Issuer to this News: 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 185.000 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 AG. Contact for press: press@cashcloud.com Contact for investors: investors@cashcloud.com -------------------------------------------------------------------------------- 13.07.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -------------------------------------------------------------------------------- Language: English Company: Cashcloud AG Steinenvorstadt 13 4051 Basel Switzerland Phone: +41 61 638 2052 Fax: +41 61 638 2025 Internet: www.cashcloud.ag ISIN: CH0132106482 WKN: A14NYB Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Stuttgart End of News DGAP News Service -------------------------------------------------------------------------------- 481685 13.07.2016