asknet AG entered a share purchase agreement to acquire 100% of Nexway Group AG, the 100% owner of Nexway SAS ('Acquisition') based in Paris - La D-fense. 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.

Additionally, Tobias Kaulfuss, previously Chairman of the Supervisory Board of asknet AG, stepped down on December 3, 2018. The new Chairman of the Supervisory Board is Osman Khan, Chairman of the Board of Directors of The Native SA. 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.