iClick Interactive's Extraordinary Meeting Approves Merger Steps

iClick Interactive Asia Group Limited Moves Forward with Merger Approval

iClick Interactive Asia Group Limited, known for its innovative online marketing solutions, has reached a significant milestone. Recently, shareholders gathered for an extraordinary general meeting (EGM) where vital decisions regarding the company’s future were made. At the heart of this meeting was a special resolution that solidified the merger agreement with Overlord Merger Sub Ltd. and Amber DWM Holding Limited.

The meeting was not just a formality; it marked a pivotal moment in iClick's journey. Shareholders came together to approve the merger agreement, which lays the groundwork for transforming iClick into a new entity, thus broadening its horizons in the digital marketing landscape.

Key Proposals Passed at the Extraordinary General Meeting

Amid discussions, shareholders endorsed several resolutions that will impact iClick Interactive significantly:

1. Amendment of Memorandum and Articles of Association

One of the primary resolutions involved amending the company’s memorandum and articles of association to reflect the merger. This amendment, effective immediately before the merger's completion, is crucial for aligning the governance structures of the involved entities.

2. Change of Company Name

In a strategic rebranding move, the shareholders approved a change of name from "iClick Interactive Asia Group Limited" to "Amber International Holding Limited". This new identity will represent the company’s broader ambitions and its shift towards becoming a leader in digital solutions.

3. Variation of Authorized Share Capital

Another important measure was the variation of the company's authorized share capital, aiming to streamline share classes and enhance shareholder value. Existing ICLK Class A and Class B shares will undergo re-designation, allowing for a more simplified capital structure moving forward.

4. Authorization of Company Director

Additionally, the resolution empowered Wing Hong Sammy Hsieh, a director of the company, to execute all necessary actions to fulfill the merger agreement. This authorization aims to facilitate a smooth transition into the new structure and ensure that all legal and operational dimensions of the merger are addressed swiftly.

Next Steps Following the EGM

With the successful passage of these proposals, the company is poised to move forward with the merger process. The completion of the merger is contingent upon satisfying various closing conditions detailed in the merger agreement. This includes obtaining requisite regulatory and stock exchange approvals, which the company is diligently pursuing.

The momentum from this EGM reflects iClick’s commitment to adapting and evolving in the competitive digital marketing landscape. By embracing these changes, iClick Interactive aims to enhance its service offerings and foster new growth opportunities.

About iClick Interactive Asia Group Limited

Founded in 2009, iClick Interactive Asia Group Limited is recognized as a premier online marketing provider within Asia. The company excels in delivering data-driven solutions that empower brands to optimize customer engagement and drive profitability. iClick remains at the forefront of leveraging technology to bridge businesses with their consumers, ensuring impactful marketing strategies throughout various stages of the customer lifecycle.

About Amber Premium

Amber Premium, associated with Amber DWM Holding Limited, specializes in digital wealth management services designed for the evolving crypto economy. Catering to high-net-worth individuals and institutions, Amber Premium develops robust financial products aimed at delivering innovative solutions within the Web3 space.

Frequently Asked Questions

What was the main outcome of the EGM held by iClick?

The EGM resulted in the approval of a merger agreement, a name change, and significant revisions to the company's governance documents.

Why did iClick change its name to Amber International Holding Limited?

This name change reflects iClick's new strategic direction and its commitment to expand its market presence and service offerings.

What changes were made to the share capital of iClick?

The authorized share capital will now categorize shares into New Class A and New Class B ordinary shares, simplifying ownership structures.

Who is authorized to execute the merger agreement?

Wing Hong Sammy Hsieh, a company director, has been given authorization to take necessary actions regarding the merger agreement.

What does the merger signify for iClick's future?

This merger is expected to position iClick for further growth and innovation, enhancing its competitive edge in the digital marketing sector.

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