Cliq Digital AG Considers Delisting and Share Offers Amid Market Challenges

Dusseldorf-based Cliq Digital AG has entered into a framework agreement with Dylan Media B.V. regarding a potential partial public tender offer to its shareholders. Additionally, the company is contemplating a subsequent share repurchase offer and delisting from stock exchanges.

The move stems from the low demand for Cliq Digital's shares and the burdens of maintaining a public listing, including significant expenses and obligations. Management considers that capital markets are no longer a viable financing option.

If successful, Dylan Media, supported by various equity providers and media executives, may provide shareholders an opportunity to sell their shares should they not wish to hold onto shares in an unlisted entity.

Depending on the tender offer’s outcome, Cliq may propose a capital reduction by redeeming treasury shares. The management backs the delisting if Dylan Media secures a substantial stake.