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asknet Solutions AG: Digital Domain Capital Partners acquires approximately 19% stake in asknet Solutions AG from existing shareholder Digital Investment Platform

·2-min read

asknet Solutions AG / Key word(s): Investment/Alliance
asknet Solutions AG: Digital Domain Capital Partners acquires approximately 19% stake in asknet Solutions AG from existing shareholder Digital Investment Platform

03-Feb-2021 / 18:06 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Digital Domain Capital Partners acquires approximately 19% stake in asknet Solutions AG from existing shareholder Digital Investment Platform

February 3, 2021, Karlsruhe (Germany) - Today, asknet Solutions AG (Ticker symbol: ASKN, ISIN: DE000A2E3707, WKN: A2E370) was informed, that Digital Domain Capital Partners (DDCP), the Luxembourg subsidiary of Digital Domain Holdings Limited (DDHL), a Hong Kong listed company (547: HKG) and one of the global market leaders in visual effects, virtual reality and virtual human technology, has acquired a 19% stake in asknet Solutions AG.

DDCP entered into a purchase agreement with the existing asknet Solutions AG shareholder Digital Investment Platform (DIP), consenting on the acquisition of 248,431 ordinary shares of asknet Solutions AG.

The current stake in asknet Solutions AG held by the seller DIP will decrease from currently 24.87% to 5.87%, while the new shareholder will hold a stake of approximately 19.0% in asknet Solutions AG.

asknet Solutions AG is currently in negotiations with DDHL, the parent company of its new shareholder, on a potential strategic partnership. The key rationale of such partnership would be DDHL obtaining access to the European education market, developing and selling educational products and technologies in partnership with asknet Solutions AG through its distribution channels, providing asknet Solutions AG with additional earnings potential. Both parties are currently discussing the details of the strategic partnership and potential product offerings for this strategic partnership within 2021.

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

03-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

asknet Solutions AG

Vincenz-Priessnitz-Str. 3

76131 Karlsruhe

Germany

Phone:

+49 (0)721 / 964 58-0

Fax:

+49 (0)721 / 964 58-99

E-mail:

investors@asknet.com

Internet:

asknet-solutions.com

ISIN:

DE000A2E3707

WKN:

A2E370

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich, Stuttgart

EQS News ID:

1165607


 

End of Announcement

DGAP News Service

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