DGAP-News: asknet Solutions AG: Extraordinary General Meeting approves both agenda items | News

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asknet Solutions AG: The Extraordinary General Meeting approves both items on the agenda

05/23/2022 / 17:03
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asknet Solutions AG: The Extraordinary General Meeting approves both items on the agenda

  • Approval of a settlement with former members of the Management Board for the amount of EUR 696,645.00
  • Aston Fallon resigns as a board member and is elected new chairman of the board

Karlsruhe, May 23, 2022 Asknet Solutions AG (ticker symbol: ASKN, ISIN: DE000A2E3707, WKN: A2E370), a leading specialist in purchasing, e-commerce and EdTech, held an extraordinary general meeting today.

The shareholders followed the company’s proposal to reach a settlement with former board members, their legal successors and D&O’s insurer, Chubb European Group SE. asknet Solutions AG sought damages from the abovementioned parties to several legal disputes over the liability of a former management board member for turnover tax issues in Germany and abroad and their impact on the company’s financial position. The insurer will therefore pay EUR 696,645.00 to asknet Solutions AG within two weeks of the legally binding signature of the settlement by all parties and the fulfillment of the contractual conditions. Along with the payment of the amount of the settlement, all possible claims of the company against former members of the Management Board in connection with the facts in dispute in individual proceedings were settled and finally settled.

Following the resignation of Jason Foodman as Chairman and Supervisory Board member on May 21, 2022, Aston Fallen, the company’s former Co-CEO, was elected a new Supervisory Board member of Asknet Solutions AG. Following the extraordinary general meeting, the supervisory board elected Mr. Fallen as its new chairman. Accordingly, the management board will be restructured in such a way that the current Co-CEO, Thomas Garrahan, will henceforth serve as sole CEO, and Christian Herkel will retain his position as COO. As previously announced, Florent Guillomeau will continue to serve as CFO and board member until the end of June 2022.

73.23% of the share capital was represented. The company’s shareholders adopted both items on the agenda with a large majority of votes.

The final voting results will be made available on the asknet Solutions AG website at https://asknet-solutions.com/en/investors/annual-general-meetings.html.

About asknet Solutions AG

asknet Solutions AG is a recognized specialist in purchasing, e-commerce and EdTech based in Karlsruhe, Germany. The company offers software purchase and distribution services for European universities and is the undisputed market leader in Germany (academic branch). The Asknet portfolio includes a wide range of high-quality applications for the academic sector, from IBM SPSS to Adobe Creative Cloud. Constantly expanding its portfolio beyond the purchase of pure software, asknet aims to become a leading provider of IT services in the European education market by working with leading software vendors such as Blackboard and Dell. The company also develops and runs online stores with digital and physical products around the world (eCommerce Solutions department). World-leading software vendors such as Cyberlink and Steinberg leverage Asknet’s e-commerce expertise to sell their products in over 190 countries. Asknet Solutions AG is listed on the Frankfurt Stock Exchange (ticker: ASKN; ISIN: DE000A2E3707).

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

23.05.2022 Publication of Corporate / Financial News broadcast by DGAP – EQS Group AG website.
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