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CLX Communications AB: CLX announces terms for rights issue

Stockholm, June 1 2016 - CLX Communications AB (publ) ("CLX" or the
"Company") announced on May 13, 2016, that the Board of Directors had
resolved to, subject to the approval by the Extraordinary General
Meeting, launch a fully committed and guaranteed rights issue (the
"Rights issue") in order to finance part of the acquisition of all
shares in Mblox Inc. Today, CLX's Board of Directors announces the
final terms and conditions for the Rights issue.

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For additional information, please contact:
Johan Hedberg, CEO, +46 (0)8 32 75 10,
Odd Bolin, CFO, +46 (0)8-32 75 10,

Media contact:
Kristian Männik, CMO, +46 (0)8-32 75 10,

About CLX Communications
CLX was founded in 2008 with a mission to simplify communications
globally. CLX has since then developed into a leading provider of
cloud-based communications services and solutions to enterprises and
mobile operators, with particular strength in the enterprise
messaging market. Mobile communications services from CLX make it
possible for enterprises to communicate globally with people and
connected devices (Internet of Things, IoT) swiftly, securely and
cost-effectively. CLX's solutions enable business-critical
communication worldwide via mobile messaging services, voice services
and mobile data connectivity services for IoT. CLX has over 600
enterprise customers globally, including a large number of global
blue-chip enterprises, and over 70 Communications Service Provider
customers (of which approximately 60 are mobile operators) that have
installed and use CLX's internally developed software-based
communications platform in their businesses.

CLX has demonstrated strong financial performance since its inception
in 2008 and has increased its revenues from SEK 416 million in the
twelve months ended June 30, 2013 to SEK 844 million in the twelve
months ended June 30, 2015, corresponding to a compound annual growth
rate of 42 per cent. For the twelve months ended June 30, 2015, CLX
reported EBITDA of SEK 93 million and EBIT of SEK 89 million,
corresponding to an EBIT margin of approximately 10.5 per cent.

CLX Communications AB ( 556882-8908)

Kista Science Tower, Box 1219, 164 28 Kista, Stockholm, Sverige
Web: , mail: ,
tel: +46 8 32 75 10


Författare WKR

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