Aspiro looking for money from shareholders

7 Dec 2002 at 17:06 GMT Timo Poropudas

Sweden-based mobile content company Aspiro is looking for more to stay afloat. The company board will propose a new share issue with preferential rights for the company’s shareholders at the extra general meeting, which will occur on Friday 20th December 2002. A full subscription would add SEK 29.4 (EUR 3.3 million) million to the company before issue costs. The share issue will be carried through under the condition that it gives the company at least SEK 20 million before expenses. Of the subscription amount there are guarantees and subscription commitments amounting to SEK 10 million.