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YOC AG — M&A Activity 2013
Jul 25, 2013
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M&A Activity
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Ad-hoc | 25 July 2013 09:28
YOC AG sells its Mobile Technology segment
YOC AG / Key word(s): Disposal/Acquisition
25.07.2013 09:28
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ad hoc announcement pursuant to Section 15 WpHG [German Securities Trading
Act]
YOC AG sells its Mobile Technology segment
Berlin, 24 June 2013
YOC AG ((Frankfurt, Prime Standard, ISIN DE0005932735) announced today its
sell of its subsidiary Sevenval GmbH with seat in Cologne, as well as
assets of Sevenval Ltd. with seat in London, assets that belong to YOC AG's
'Mobile Technology' business, and assets of YOC Central Eastern Europe GmbH
with seat in Vienna. The new owner is a daughter company of Berlin
Technologie Holding GmbH. This was approved today by the responsible bodies
of the companies involved. YOC receives up to EUR 6.5 million for the sale,
with a combination of a fix and a variable price component.
As such, YOC AG's entire Mobile Technology segment has been sold. In
future, YOC AG will concentrate on the Media segment.
With the sell of the Technology Segment, the board member in charge Jan
Webering, has resigned from his duties.
Following completion of the transaction, YOC AG plans to use the proceeds
to reduce its liabilities by about EUR 2.3 million.
Disclaimer:
This ad-hoc announcement constitutes neither an offer to sell nor a
solicitation to buy securities. The information in this announcement is
neither intended for transmission to the United States of America (USA) nor
for use within the USA (including its territories and possessions, any
State of the United States, and the District of Columbia) and may not be
distributed or passed on to U.S. persons (as defined in Regulation S of the
U.S. Securities Act of 1933 as amended) or publications with a general
circulation in the USA. This announcement constitutes neither an offering
nor a solicitation to buy securities in the USA. The securities of YOC AG
are not registered and will not be registered in accordance with the
provisions in the Securities Act and may not be sold, offered or delivered
in the USA or to a U.S. person without prior registration or exemption from
the registration requirements. No public offering will be made for
securities in the USA.
This ad hoc announcement contains statements regarding future developments
that are based on current evaluations and are made to the best knowledge of
the management of YOC AG. Such statements with regard to future
developments are subject to known and unknown risks, uncertainties and
other factors that could cause the profit situation, profitability, value
development or the performance of YOC AG to diverge significantly from the
profit situation, profitability, value development or performance that are
expressly or implicitly assumed or described in the statements concerned.
In view of the risks and uncertainties and other factors, readers of this
ad hoc announcement should not rely on such statements to a
disproportionate extent. YOC AG has no obligation to act in keeping with
such statements regarding future developments or to alter its actions to
accommodate future events and developments.
Berlin, 23 June 2013
YOC AG
- - The Management Board -
End of ad hoc announcement
25.07.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: YOC AG
Karl-Liebknecht-Str. 1
10178 Berlin
Germany
Phone: +49 (0)30-72 61 62 205
Fax: +49 (0)30-72 61 62 222
E-mail: [email protected]
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