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BRIEF-Asknet plans to reduce share capital
May 22, 2017 / 11:00 AM / 6 months ago

BRIEF-Asknet plans to reduce share capital

May 22 (Reuters) - ASKNET AG:

* ASKNET AG PLANS TO REDUCE SHARE CAPITAL

* NOMINAL REDUCTION OF SHARE CAPITAL IN A 10:1 RELATION BY A CORRESPONDING MERGER OF SHARES

* REDUCTION OF SHARE CAPITAL WOULD ALLOW COMPANY TO OFFSET LOSS POSTED FOR PERIOD ENDED DECEMBER 31, 2016 AND TO RESTRUCTURE ITS EQUITY CAPITAL

* SHARE CAPITAL IS TO BE REDUCED BY EUR 4,584,852.00 TO EUR 509,428.00 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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