DGAP-Adhoc: ad pepper media International N.V.: ad pepper media International N.V. sells Emediate to Cxense

| Source: EQS Group AG EQS Group AG 

ad pepper media International N.V.  / Key word(s): Disposal

15.11.2013 08:39

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.

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ad pepper media International N.V. sells Emediate to Cxense

Nuremberg/Amsterdam, November 15, 2013

ad pepper media international N.V. today agreed the sale of its Danish
subsidiary Emediate ApS, Copenhagen, to the Norwegian web-based solution
provider Cxense AS, Oslo. ad pepper media will thus be completely
withdrawing from the business of developing and selling self-developed
ad-serving solutions. The two companies at the same time agreed the ongoing
use of Emediate's ad server by the ad pepper media Group. ad pepper media
is thus consistently pressing ahead with its strategy of focusing on its
core performance marketing business field and largely foregoing proprietary
technology development.

ad pepper media is disposing of 100 percent of the shares in Emediate ApS
with economic effect as of November 01, 2013. The purchase price totals EUR
7.4 million (cash and debt free), of which a portion of roughly EUR 6.4
million (EBT) will already impact on earnings and liquidity in the current
financial year.

Emediate ApS contributed around EUR 900k to the EBITDA and EUR 4,400k to
the sales of the ad pepper media Group in the 2012 financial year.

For further information: 

Jens Körner (CFO)
ad pepper media International N.V.
phone: +49 (0) 911 929057-0
fax: +49 (0) 911 929057-157
E-mail: ir@adpepper.com


15.11.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      ad pepper media International N.V.
              Hogehilweg 15
              1101 CB Amsterdam
              Netherlands
Phone:        +49 911 9290570
Fax:          +49 911 929057-157
E-mail:       ir@adpepper.com
Internet:     www.adpepper.com
ISIN:         NL0000238145
WKN:          940883
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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