Shwende, December 2018. The capital increase of Aimondo AG already decided and announced in June of this year was completed in November. In connection with the quasi-merging of the German Aimondo GmbH in Düsseldorf, the share and participation capital was increased to CHF 3,266,033 and published by the Appenzell Commercial Register on December 18, 2018.
In the course of this planned expansion step, 19,773,553 registered shares (ordinary shares) and 43,547,106 bearer participation certificates (preference certificates, comparable to preference shares) were issued. René Grübel, Chairman of the Board of Directors, is confident: “I expect that we will be able to publish the first value allocations and report the allocation of Valor- and ISIN-numbers as early as January 2019. The bearer participation certificates will then be able to be held in the custody accounts of our holders as a further step.”
In accordance with a resolution of the Board of Directors approved by the General Meeting, the non-voting participation capital will in future be entitled to a higher percentage of dividends than the share capital. This makes these securities much more interesting than registered shares for investors who are exclusively yield-oriented. With this structure, the founders and major shareholders want to ensure that entrepreneurial decisions are always based on long-term product qualification and not on short-term financial interests. Heinrich Müller, Co-Founder and Member of the Board of Directors, states: “Information technology in the field of artificial intelligence is one of the high arts of state-of-the-art technology development. Anyone who is not a highly specialized professional in this field is often unable to recognize developments in time or to their full extent. Swiss stock corporation law allows us to create an extremely stable structure that combines subject-specific qualifications with economic yield optimisation. This is also underlined by the large number of “other Swiss companies” that are as long-lived as they are highly profitable. Müller is also convinced that he has optimally mixed the advantages of different worlds: “Development with a centre in Düsseldorf offers a central location and international attractiveness for highly qualified and highly motivated employees from all over the world. The US-influenced way of working, which is spread across several countries, and the progressive financial and investment approach are directly aimed at a consistent, limitless expansion with a clear claim to technology leadership. In combination with the design possibilities of a Swiss company and the security of the location, we have already created the best features of a well-positioned global player in the development phase.”
Müller is currently in California, exploring the local market situation, finding out about trends in the USA and the possibilities of planning a bridgehead for further Aimondo expansion in North America.
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