Company Announcements

 

Ad hoc announcement pursuant to Art. 17 Market Abuse Regulation

 

- The NAGA Group acquires Trade.com UK -

 

Hamburg, 24 April 2025 – The financial technology company The NAGA Group AG, through its subsidiary Key Way Group Ltd., Gibraltar, has entered into a purchase agreement to acquire all shares in Trade Capital UK (TCUK) Ltd, a financial services company regulated by the Financial Conduct Authority (FCA). With this acquisition, The NAGA Group AG will re-enter the UK market.

TCUK manages client equity of GBP 1.88 million. The NAGA Group AG anticipates generating additional business by introducing its unique product offering to the UK market in partnership with TCUK. The purchase price for the acquisition amounts to GBP 1.24 million, including net cash of approximately GBP 0.59 million.

The completion of the purchase agreement is subject to regulatory approval and is expected to contribute to NAGA’s top-line revenue EUR 6.5 million by 2026 and EUR 2.5 million in EBITDA, all of course provided that it receives regulatory approval by the FCA first.