YOC AG — Capital/Financing Update 2014

Feb 26, 2014

News Details

Ad-hoc | 26 February 2014 12:52

YOC AG: Debt cancellation deal sees YOC AG press ahead with restructuring

YOC AG / Key word(s): Agreement/Capital Reorganisation

26.02.2014 12:52

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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As the next step in its restructuring plan, YOC AG (Frankfurt, Prime
Standard, ISIN DE0005932735) has reported the completion of a debt
cancellation deal. The company will thereby become debt-free, with the
exception of its shareholder loans.

YOC AG has succeeded in signing a major debt cancellation deal with one of
the company's primary creditors. The debt cancellation arrangement is part
of the restructuring plan, which aims to improve the company's
profitability, optimize the product develop-ment process and relieve the
company's balance sheet. The deal will result in a positive impact on
equity for YOC AG amounting to EUR 0.75 million. The debt of EUR 0.25
million remaining after the cancellation will be paid off under the terms
of the cancellation agreement. A side effect will be that annual interest
expense will decline. The debt cancellation will be recorded as one-off
income in the first quarter of this year.

Now that the repayment of all bank loans are completed and as a result of
this deal the YOC Group will be debt-free, with the exception of its
shareholder loans.

Contact person:

YOC AG
Martina Serwene
Investor Relations
Rosenstr. 17
10178 Berlin
Tel.: +49-30-726162-322
Fax: +49-30-726162-222
ir@yoc.de
www.yoc.com

About YOC

As a pioneer in the industry, YOC benefits from more than a decade of
incomparable mobile advertising experience. YOC's commitment to transform
digital advertising through technology and passion for innovation has led
the company to a leading position in the mobile advertising business in
Europe.

The combination of its creative spirit, extensive reach in each of its
markets - Austria, France, Germany, Spain and the UK - and its incomparable
expertise in Europe's mo-bile advertising landscape makes YOC the ideal
partner to set you on your way to the future of digital advertising.

The specialised ad networks, YOC Media for branding advertising and belboon
for per-formance advertising campaigns, enable publishers to effectively
monetise their mobile inventory and advertisers to achieve brand awareness
and a strong sales impact.

YOC's success story relies on its people - 120 highly motivated and
passionate Digital Advertising experts - whose drive for excellence has led
the company to achieve EUR 34.6 million in revenues in 2012.

For more information, please visit www.yoc.com

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Language: English
Company: YOC AG
Rosenstr. 17
10178 Berlin
Germany
Phone: +49 (0)30-72 61 62 322
Fax: +49 (0)30-72 61 62 222
E-mail: martina.serwene@yoc.com
Internet: www.yoc.com
ISIN: DE0005932735
WKN: 593273
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart

End of Announcement DGAP News-Service

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