Press release BoxID: 543081 (CLIQ Digital AG)
  • CLIQ Digital AG
  • Immermanstr 13
  • 40210 Düsseldorf
  • Contact person
  • Corinna Neumann
  • +49 (2834) 9429209

Opinion of the Management Board of Bob Mobile AG concerning the purchase offer submitted by Bigstep Capital Ltd.

(PresseBox) (Straelen , ) In early September, Bigstep Capital Ltd., London, submitted a voluntary public purchase offer to the shareholders of Bob Mobile AG (in future to be renamed: Cliq Digital AG). The offer runs until October 1, 2012, and is subject to several conditions. The offer is not to come into force if acceptance declarations amount to less than 75% of the outstanding shares of Bob Mobile AG, if the DAX equity index lies below 6,500 points at the end of the acceptance period, or if Bob Mobile AG refuses to conduct due diligence concerning the business development of the 2012 financial year. If these conditions are satisfied, Bigstep Capital Ltd. is offering a purchase price of EUR 7.00 per share, according to the offer. The full offer was published in the Bundesanzeiger (German Federal Gazette) on September 7, 2012.

Although Bob Mobile AG has made several attempts to get in contact with the bidder Bigstep Capital Ltd., no further-reaching discussions have been held with the bidder. In the opinion of Bob Mobile AG, such discussions comprise a significant precondition for assessing the offer, and for approval of a due diligence review which the bidder has formulated as a condition.

Irrespective of this, Bob Mobile AG notes that the average price of Bob Mobile shares stood at EUR 12.00 in the period between June 5, 2012 and September 5, 2012, being the period of the three months before the publication of the offer.

Due to the offer terms, and the lack of preparedness on the part of the bidder to engage in an exchange of information, Bob Mobile AG is currently unable to gauge whether the voluntary offer is actually serious. If new facts emerge, the Management Board of Bob Mobile AG will publish a renewed opinion.

CLIQ Digital AG

Bob Mobile AG - in future to be renamed Cliq Digital AG - which is based in Straelen (in future to be relocated to Düsseldorf), Germany, is a leading provider of games and mobile entertainment (ISIN DE000A0HHJR3). As a marketer and publisher of games and other mobile value-added services, the Group is active in over 50 countries, especially by way of its direct sales to end-customers. Cliq Digital has been establishing its Online & Freemium Games division since July 2010, and also its Freemium Mobile Games division since the end of 2011. The company was founded as Bob Mobile AG in 2005, and listed on the stock market. A decisive growth step was taken in 2012 with the acquisition of Dutch company Cliq B.V. Cliq provided the basis of the name of the newly positioned Group, which focuses on continuous and profitable growth through expanding into new countries, extending its games portfolio, as well as corporate acquisitions. The company is listed in the Entry Standard of the Frankfurt Stock Exchange.