Communique from FundedByMe Crowdfunding Sweden AB (publ) Extra Shareholders meeting July 26, 2019.
An extra shareholders meeting for FundedByMe Crowdfunding Sweden AB (publ) was concluded today in Stockholm. Below is a summary of the decisions made and a brief CEO reporting. For more details regarding the decision points and proposals please see the previous calling that is published on the company's IR page.
The assembly decided
- To elect Choon Seng Tan alongside Arno Smit to the nominating committee.
- To elect Peter Ottoson as board member.
- To approve the board-decision regarding the rights issue made on April 18 of 2019. The rights issue was performed during April 30 and Maj 17 of 2019.
- To give the board the mandate to investigate if a change of class of the A class shares to B shares is favorable. A change of class from A to B shares will not be made at this point.
The assembly also communicated the boards decision of CEO salary of 50,000Sek per month.
The CEO reports that first 6 months ended well with 21 successful equity crowdfunding rounds. Q1 was very weak for the entire industry and affected FundedByMe and Laika. The market situation for the last 6 months looks more promising. The need for FundedByMes and Laikas services continues to be strong. A consolidation has been performed and the two companies have moved in together into the same offices. The consolidation and move will show considerable decrease in costs moving forward. At end of Q2 the company signed an LOI with the ambition to re-open FBM Singapore under new management and start application for CMS license.
For more information please contact.
Daniel Daboczy, VD FundedByMe AB
0736 26 9985
FundedByMe is the fastest growing crowdfunding platform in Scandinavia and one of the only full-service platforms offering capital through equity crowdfunding. The FundedByMe group is listed on NGM Nordic MTF under the name FBM MTF A and FBM MTF B
In the past years, some 470 companies from 25 different countries have been successfully funded with more than €60 million. The member base is a rapidly expanding network of more than 250,000 investors from nearly 200 countries around the world. FundedByMe is headquartered in Stockholm, Sweden, with a local presence in Dubai, Finland, Malaysia, Poland, The Netherlands and Singapore. For more information visit www.fundedbyme.com