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.
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.
