21.12.2015 – 08:09

cashcloud

DGAP-Adhoc: Cashcloud AG: Moritz Hunzinger elected new Chairman of the Board of Directors

DGAP-Ad-hoc: Cashcloud AG / Key word(s): AGM/EGM/Change of Personnel
Cashcloud AG: Moritz Hunzinger elected new Chairman of the Board of Directors

21.12.2015 / 08:07
Dissemination of an Ad hoc announcement according to § 15 WpHG.
The issuer is solely responsible for the content of this announcement.

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Cashcloud AG: Moritz Hunzinger elected new Chairman of the Board of Directors

- New members elected to Board of Directors

- Prof. Moritz Hunzinger elected as Chairman of Board of Directors

- New auditors appointed

Basel, December 21, 2015. The following decisions were taken during the
extraordinary general meeting of cashcloud AG shareholders that was held on
Friday December 18, 2015, in the Hotel Best Western Stücki in Basel,
Switzerland:

The general meeting of shareholders elected Prof. Moritz Hunzinger as a member
and Chairman of the cashcloud AG Board of Directors. Hunzinger, a well-known
European communications expert, has been advising the company for months and
will play a major role in actively steering and supervising the company's
planned expansion. In addition to becoming the company's new Chairman, Hunzinger
will also become a new member of firm's compensation committee along with Sven
Donhuysen, who was also newly appointed to the committee.

Shareholders also elected the following persons as new members of the Board of
Directors: Rainer Maurice Wunderlin (former Managing Director of Bank of New
York Mellon - until July 31, 2015) and Peter G. Heinz (former Chairman of the
Management Board of American Express Bank Europe for many years). Dr. Paul Rüst,
an attorney and notary, was elected as independent proxy representative.  The
general meeting of shareholders also agreed to the appointment of Mattig-Suter
and Partner, a trust and auditing firm, as the company's auditor.

About Cashcloud AG

The cashcloud solution, which has won numerous internationally recognized
awards, sets innovative standards in the fast-growing digital and mobile payment
transaction market. The application is available in Germany, France, Spain and
the Netherlands, has already generated more than 180,000 registered users.

The offer is rounded out with a prepaid MasterCard(R) and an NFC sticker based
on a partnership with MasterCard(R) that makes cashless and contactless
payments, as well as money transfers between friends easier than ever before.
Cashcloud is opening up global market potential with innovative solutions and
superior technology. The shares of Cashcloud AG (symbol: KCC; WKN A14NYB) are
listed on the General Standard segment of Deutsche Bourse AG.

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Information and Explanation of the Issuer to this News:

Disclaimer This announcement does not constitute an offer of securities for sale
or a solicitation of an offer to purchase securities in Cashcloud AG; it is
provided solely for purposes of information. Any information shown in this
announcement is intended exclusively for persons having their main residence or
registered office in Germany and Luxembourg. In particular, the information in
this announcement does not constitute or shall be construed as an offer to
purchase securities in Cashcloud AG for persons having their main residence or
registered office in other countries, e.g. United States of America, Japan and
Canada. Only the information included in the approved securities prospectus of
Cashcloud AG dated May 13, 2015 is definitive for the purchase of shares in
Cashcloud AG; the securities prospectus is published on the Company's website
www.cashloud.ag in the section 'Investor Relations'. The approved securities
prospectus can also be requested free of charge from Cashcloud AG
(Steinenvorstadt 13, 4051 Basel, Schweiz).

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Language: English

Company:  Cashcloud AG

          Steinenvorstadt 13

          4051  Basel

          Switzerland

Phone:    +41 61 638 2052

Fax:      +41 61 638 2025

Internet: www.cashcloud.ag

ISIN:     CH0132106482

WKN:      A14NYB

Listed:   Regulated Market in Frankfurt (General Standard); Regulated Unofficial
Market in Stuttgart


End of News DGAP News Service
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