5EL SA

Rue du Grand-Chêne 8 1003 Lausanne Switzerland

5EL SA Acquires Majority Ownership in asknet AG, Underwrites asknet's Capital Increase at €9.20 per Share

November 8, 2017, Lausanne (Switzerland) & Karlsruhe (Germany) - 5EL SA, the Swiss-listed digital commerce firm with competences in content production, digital marketing and blockchain technology, paid today €2,442,152 to acquire 51.37% ownership interest in asknet AG, the 22-year-old, Germany-listed e-commerce services company.

The transaction was done through a combination of a capital increase and the buyout of a group of large shareholders of asknet AG. 5EL SA paid €8.33 per share for the shares acquired from the existing shareholders and €9.20 per share for the shares acquired through the capital increase.

The executive leadership teams of 5EL SA and asknet AG will remain in place, while the supervisory board of asknet AG will be replaced with a new board of directors that will include Joern Matuszewski, the reserve director of asknet AG before the transaction.

For more information about or for media inquiries, please email info@5el.ch

5EL SA

www.5el.ch

5EL SA published this content on 08 November 2017 and is solely responsible for the information contained herein.
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