CLX Communications AB (publ) sells its business in mobile payments in Australia



Stockholm, Sweden – CLX Communications AB (publ) – (XSTO: CLX) , a leading global provider of cloud-based communications services, today announced that it has successfully signed an agreement with Oxygen8 Communications Australia Pty Ltd. to sell its business in mobile payments in Australia and New Zealand. The business was a part of the English company Dialogue as CLX acquired earlier in the year.

“Our vision is to build the world’s leading companies within the market for cloud-based communications services, and as part of this process is the sale of this business is a natural step in our focus on realizing the vision,” said Johan Hedberg, CEO of CLX Communications.

CLX acquired the Dialogue with the clear objective to increase its presence in Asia and strengthen its technological capabilities by exploiting security solution Sentinel. The activities of the mobile payments in the Dialogue considered from the outset as a part that did not fall within the framework of the CLX core business. CLX disposes, therefore, of this activity to the appropriate suppliers, whose expertise includes mobile payments.

CLX activity in mobile payments, which includes the regulated Premium SMS services, is a framgåmgsrik business but not a part of the company’s core strategy. The transaction is based on a multi-year intäktsdelningsavtal which is expected to compensate for a portion of the approximately 5 million $ of gross profit that the business now generates annually in the area of mobile payments in Australia and New Zealand.

For further information please contact

Thomas Ahlerup

Chief Investor Relations Officer

CLX Communications AB (publ)

Mobile phone +46-768-966 300

E-mail thomas.ahlerup@clxcommunications.com

If CLX Communications

CLX Communications (CLX) is a leading global provider of cloud-based communications services and solutions to enterprises and mobile operators. CLX mobile communication services makes it possible for companies to quickly, securely and cost-effectively communicate globally with their customers and connected devices – IoT (Internet of Things). CLX solutions enable business-critical communication across the world through mobile messaging services (SMS), voice services and mobile records management for IoT. CLX has since the company was founded grown with profitability. The group is headquartered in Stockholm, Sweden, and a presence in 20 additional countries.

CLX Communications share is listed on NASDAQ Stockholm – XSTO:CLX

For more information visit www.clxcommunications.com

If Oxygen8 Communications Australia

Oxygen8 Communications Australia is one of the most experienced providers of mobile business-to-business solutions in Australia. Oxygen8 has been providing billing solutions since 2005. Oxygen8 Communications Australia is a part of the Oxygen8 group, with headquarters in the Uk, with offices in more than 10 countries.

For more information, please visit: https://www.oxygen8.com.au

Important information

This communication may contain certain forward-looking statements. Such statements are all statements that do not relate to historical facts and include expressions such as “believes”, “estimates”, “expects”, “waiting”, “assume”, “anticipate”, “intend”, “may”, “continue”, “should” or similar. The forward-looking statements in this communication are based on various estimates and assumptions, which in several cases are based on additional assumptions. Even if the CLX believes that these assumptions were reasonable when they were made, are such forward-looking statements subject to known and unknown risks, uncertainties and other important factors that are difficult or impossible to predict and which is outside the CLX control. Such risks, uncertainties and important factors could cause actual outcomes and results may differ materially from the results expressed or implied mentioned in this communication, by the forward-looking statements. The information, opinions and forward-looking statements in this notice apply only as of the date of this notice, and may change without notice.

This information is such information that CLX Communication AB (publ) is obliged to publish under the EU marknadsmissbruksförordning. The information was submitted, by the above contact person in the government, for publication on 6 september 2017 there is 18:30 CET.

170906_PSMS divestment FINAL_SWE

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: CLX Communications AB (publ) via Globenewswire



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