DGAP-Adhoc: asknet AG Intends to Acquire 100% of Nexway Group AG, Approves Capital Increase and Management Changes

asknet AG Intends to Acquire 100% of Nexway Group AG, Approves Capital Increase and Management Changes

December 3, 2018, Karlsruhe - asknet AG, the Karlsruhe (Germany) based ecommerce services and software distribution company, entered today a share purchase agreement to acquire 100% of Nexway Group AG, the 100% owner of Nexway SAS, a French ecommerce services competitor of asknet AG ("Acquisition") based in Paris - La Défense. The Acquisition remains subject to the completion of several conditions precedent, including a fairness opinion. asknet AG expects to consolidate Nexway Group AG as of February 1, 2019 and will roughly double the size of its business upon completion of the transaction.

To finance the Acquisition of Nexway, the subsequent integration and an accelerated growth plan of an expanded asknet AG, the company today resolved simultaneously a Capital Increase of 450,000 new shares of asknet AG to be issued at a price of EUR12 per share ("Capital Increase"), with the preemptive rights granted to all of the existing shareholders of asknet AG. The Capital Increase in the total amount of EUR5,400,000 is fully guaranteed by an investor. The Capital Increase is to be completed before or on June 30, 2019.

Additionally, Tobias Kaulfuss, previously Chairman of the Supervisory Board of asknet AG, stepped down today. The new Chairman of the Supervisory Board is Osman Khan, Chairman of the Board of Directors of The Native SA, the largest shareholder of asknet AG. Aston Fallen, Executive Chairman of Nexway SAS and previously a long-standing Business Development Consultant at asknet AG, was appointed as the new CEO (Alleinvorstand) of asknet AG with immediate effect whereas the current CEO Sergey Skatershchikov stepped down.

Both companies operate highly synergetic businesses with complimentary technical capabilities, customer bases and geographic footprints. The goal of this transaction is to create a dynamic, cutting-edge and well-funded market leader in the ecommerce services business with a diverse portfolio of clients from software vendors, to gaming companies and digital marketplaces.

Contact

Florian Kirchmann
Phone +49 221 9140-970
eMail: investorrelations@asknet.de