(Finance) – Theshareholders’ meeting from SosTravel.coma company operating in the traveler assistance services market and listed on Euronext Growth Milan, has appointed the new board of directors, who will remain in office until the approval of the financial statements at 31 December 2024. The members include: Ivan Munarini, as independent director; Rudolph Gentile, as president; Carmine Colella; Umberto Navanzino; Nicola De Biase.
The shareholders also took note of the completion of the merger by incorporation of Digital Destination Company into Sostravel.com. The date of effectiveness of the merger for statutory purposes, it was set at 1 November 2022. On that date, 2,659,032 Sostravel.com shares will be assigned to Carmine Colella (equal to approximately 20.3% of the share capital of the entity resulting from the merger). Rudolph Gentile will own, directly and indirectly, approximately 3,503,302 shares (equal to 26.8%).
Downstream of the meeting, the Board of Directors resolved on the granting of proxies, appointing Carmine Colella as managing director. The board also assigned some powers of ordinary administration to the chairman Rudolph Gentile (aimed at promoting the company’s business in foreign markets), who also assumed the role of Investor Relations Manager.
“The team that enters the field with this Board is up to the ambitious objectives of the new entity resulting from the merger by incorporation of Digital Destination Company into Sostravel.com – commented Gentile – There are new energies and skills made by the newly elected members, and the continuity of the project is expressed by the confirmed councilors “.
“Thanks to the new aggregate reality, the company intends in the short term to increase the turnover and in the medium term to improve the profit and loss result, while in the longer term the goal is to promote the 360-degree growth of the App. , with booking services, digital itineraries and value-added services – added Colella – We start from a robust liquidity situation and a history of generating cashflow through the booking and services of Lost Luggage Concierge. The new services that we will add starting from from next year they will aim for significantly increase the growth of the brand and industrial margins“.