Ad-hoc
tick Trading Software AG (tick-TS AG) generated one-time proceeds of €550,000 following an agreement reached today and the approval of the transaction by the Company's Supervisory Board.
These one-time proceeds are based on a contractual agreement with a shareholder of a start-up that has since proven to be successful.
As of today, tick-TS AG waives half of the claims from the aforementioned agreement and in return receives the aforementioned one-time amount as a compensation payment.
In the opinion of tick-TS AG, the proceeds now received do not allow any reliable conclusions to be drawn regarding the amount and probability of occurrence of any future income or proceeds from the remaining half of the rights under the aforementioned agreement, as these depend, among other things, on the further development of the start-up and other future events and conditions. In the extreme case, the future revenue opportunities could be reduced to zero.
Including this non-recurring income and assuming a stable regulatory environment as well as the continuation of the increased trading activity on the stock exchanges, the Executive Board increases the forecast of net income for the fiscal year 2020/2021 from EUR 1,800 - 2,100 thousand according to the ad hoc announcement of December 07, 2020 to EUR 2,100 - 2,500 thousand.
Further information on the Company is available at the following website:
www.tick-TS.de
Contact: Mr. Gerd Goetz (Management Board)
tick Trading Software AG / Berliner Allee 59 / 40212 Düsseldorf
WKN: A0LA30 / ISIN: DE000A0LA304
Email: info@tick-ts.de / Tel.: 0211/781767-0
