asknet AG informs about execution of the capital reduction
Karlsruhe, August 1, 2017 – asknet AG, a supplier of global e-business technologies and solutions in the e-commerce market, informs on the scheduled execution of the capital reduction in the relation of 10:1.
The resolution adopted by the ordinary annual general meeting on July 6, 2017 to reduce the share capital of asknet AG (ISIN DE0005173306) became effective as the capital reduction was entered in the Commercial Register on July 7, 2017. The listing of asknet AG’s shares on the Basic Board of the Frankfurt Stock Exchange Frankfurter Wertpapierbörse will be changed to a relation of 10:1 after the end of trading on August 10, 2017. The shares will first be listed under the new ISIN DE000A2E3707 on August 11, 2017, with the share price adjusted accordingly (ex-date). The transaction will exclusively be settled by the custodian banks. Depending on the bank, the book-entry transfer in the securities account may take several days but should be completed by the end of August 2017 at the latest.
Shareholders whose shareholdings cannot be divided by 10 will be granted proportional rights (share fractions listed under ISIN DE000A2E4M74). asknet AG recommends that shareholders whose shareholdings require fractional amounts to be balanced give their custodian banks the respective instructions. The custodian banks will make the necessary information and documents available.
asknet Group is an innovative supplier of e-business technologies and solutions for the global distribution and management of digital and physical goods. Founded in 1995 as a spin-off of the Karlsruhe Institute of Technology (KIT), the company is a pioneer of modern e-commerce with over 20 years’ experience in the field. asknet’s eCommerce Solutions Business Unit (previously Digital Goods and Physical Goods Business Unit) enables international manufacturers to successfully market their products in over 190 countries. The core product, asknet eCommerce Suite, covers the complete sales process and is suitable for manufacturers of both digital and physical goods. In addition, the company offers stand-alone services and solutions along the value chain. asknet’s Academics Business Unit assists customers from the research and education sector in purchasing and managing software and hardware. Thanks to its close relations with over 80% of Germany’s universities and research institutions, asknet is intimately familiar with their needs and requirements and can offer them specific solutions. For more information, visit www.asknet.com.
Anna-Lena Mayer, Florian Kirchmann
Phone: +49 221 9140-970