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ASMALLWORLD AG / Key word(s): AGMEGM
30-Apr-2021 / 17:45 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.
ASMALLWORLD AG (SWX:ASWN) shareholders approve all motions put forth by the Board of Directors
Zurich, 30.04.2021 – At today’s annual general meeting of shareholders, ASMALLWORLD AG’s shareholders approved all motions put forth by the Board of Directors.
The shareholders approved the annual report, ASMALLWORLD AG’s financial statements and the consolidated financial statements for the 2020 business year (99.7% of votes), and discharged the Board of Directors and the Executive Board (99.6% of votes). The annual loss of the company will be carried forward (99.7% of votes).
Michael Manz (99.4% of votes), Jan Luescher (99.5% of votes), and Alexander Koenig (99.5% of votes) have been re-elected as members of the Board of Directors for additional twelve-month terms, with Michael Manz elected as Chairman.
Within the Board of Directors, Alexander Koenig (98.5% of votes) and Michael Manz (98.5% of votes) will serve on the Compensation Committee. As recommended by the Board of Directors, the shareholders appointed PricewaterhouseCoopers as ASMALLWORLD AG’s auditors (99.7% of votes) and bellpark legal AG as independent proxy (99.9% of votes).
Furthermore, the shareholders approved the Board of Directors’ remuneration for the 2022 business year (98.4% of votes), the Executive Board’s fixed salary for the 2022 business year (99.2% of votes), the Executive Board’s variable salary for the 2021 business year (98.4% of votes) as well as a variable remuneration for the Executive Board for the 2020 business year (98.4% of votes).
As a precautionary measure and in line with recommended guidelines during the Coronavirus pandemic, the Annual General Meeting was held virtually, without the physical presence of shareholders. Votes at the Annual General Meeting were cast exclusively by the independent proxy. The total number of registered shares represented by the independent proxy amounted to 7,671,727, equal to 67% of the share capital.
This press release and further information can be found at www.asmallworldag.com.
The ASMALLWORLD Group
ASMALLWORLD is the world’s leading travel & lifestyle community, focusing on experiences: the modern-day definition of luxury.
Centred around the ASMALLWORLD social network, the company operates a digital travel & lifestyle ecosystem which enables and inspires members to travel better, experience more and make new connections.
Members of the ASMALLWORLD social network connect through its app and website, where they can meet other members, engage in online discussions, receive travel and lifestyle inspiration, and enjoy a wealth of travel privileges.
Members also meet in person at over 1’000 global ASMALLWORLD events every year, ranging from casual get-togethers in major cities around the world, access to exclusive launches, shows, galas, soirees, exhibitions, major global sporting events, and larger flagship weekend experiences hosted in iconic destinations such as Saint-Tropez and Gstaad.
Other businesses of the ASMALLWORLD travel & lifestyle ecosystem include:
ASMALLWORLD Private, a high-end travel agency offering personalised travel curation service
ASMALLWORLD Collection, an online hotel booking engine focused on the world’s most admired hotels, offering the unique “ASMALLWORLD Preferred Rate” (expected to go live in Q1 2020)
ASW Hospitality, a hotel management company that operates and manages the iconic North Is-land resort in the Seychelles
First Class & More, a subscription-based smart luxury travel service that allows members to enjoy luxury travel at insider prices
The World’s Finest Clubs, the world’s leading nightlife concierge offers its members VIP access to the most exclusive nightlife venues around the world
For more information, please visit:
Jan Luescher, CEO
End of ad hoc announcement
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