Insider Information pursuant to Article 17 of the Market Abuse Regulation (MAR)
June 5, 2020, Karlsruhe (Germany) – The Supervisory Board of Nexway AG (Ticker Symbol: NWAY, ISIN: DE000A2E3707, WKN: A2E370) has decided today to appoint Jan Schulmeister and Christian Herkel as new members of the Executive Board (Vorstand) with immediate effect. Jan Schulmeister, formerly in various leadership positions with companies in both Germany and Switzerland, most recently at Credit Suisse, will serve as CFO, while Christian Herkel, a long-standing member of the management of the company, will act as CEO. Norman Hansen, the current CEO, has stepped down from his position with immediate effect.
Aston Fallen, currently Chairman of the company’s Supervisory Board, will continue in his role and shall be re-elected to the Supervisory Board at the Annual General Meeting of Nexway AG to be held on August 14, 2020.
In the course of the preparations for the Annual General Meeting, the Supervisory Board has also decided to postpone the spin-offs of the Academics and eCommerce Services business units into wholly owned operating subsidiaries of Nexway AG to allow the newly appointed executives the time to best address this initiative.
The financial report of Nexway AG will be published next Monday, June 8, 2020.
Jan Schulmeister (CFO)