Ad-hoc news

asknet Solutions AG: Resolution on cash capital increase with subscription rights will be proposed to Extraordinary General Meeting (EGM), secured by binding agreements with investors

Insider Information pursuant to Article 17 of the Market Abuse Regulation (MAR)

September 21, 2021, Karlsruhe (Germany) – Today, the Management Board and the Supervisory Board of asknet Solutions AG (Ticker symbol: ASKN, ISIN: DE000A2E3707, WKN: A2E370), have resolved on proposing to shareholders at the upcoming EGM a resolution to increase the company’s share capital by EUR 1,961,295.00 by issuing up to 1,961,295 new shares, each with a pro rata amount of the share capital of EUR 1.00. The EGM is to be convened for October 15, 2021.

The current shareholders will be granted statutory subscription right by way of an indirect subscription right at a subscription ratio of 2:3, i.e. 2 existing shares entitle to subscribe for 3 new shares. The subscription price is set at EUR 3.50 per share. The subscription offer shall be carried out without a prospectus but with a securities information sheet (Wertpapierinformationsblatt) that needs to be approved by BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht). Two investors, who are currently not yet shareholders of the company, have committed to subscribe for any and all shares not subscribed for by current shareholders in the course of the subscription offer.

The net proceeds from the issuance, amounting to approximately EUR 7 million, shall be used to finance the on-going operational enhancements, and the implementation of the Three-Pillar Strategy, including upcoming strategic investments.

Contact
Magda Gajny
+49(0)721/96458-6116
Email: investors@asknet.com