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Zurich (awp) – The extraordinary shareholders' meeting of the social network Asmallworld on Wednesday accepted a capital increase. In concrete terms, the unitholders voted to increase the authorized capital to 3.5 million against 1.5 million previously.
Following the recent acquisition of First Class & More, the company plans to use a portion of the authorized capital to strengthen its balance sheet. The board of directors will make a decision in the coming weeks, taking into account market conditions.
The shareholders elected Alexander Koenig to the Board of Directors. This large shareholder was recently appointed as director of First Class & More and tasked with working on the company's international expansion.
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