EQS Group-Ad-hoc: Polyphor AG / Key word(s): AGMEGM
Allschwil, Switzerland, June 4, 2020
Polyphor shareholders approve all proposals at the Annual General Meeting 2020
Polyphor AG (SIX: POLN) today announced that its shareholders approved all proposals of the Board of Directors at the 23rd Annual General Meeting with a significant majority. In line with the COVID-19 Ordinance 2 of the Swiss Federal Council, no shareholders were allowed to attend the General Meeting in person. The independent proxy represented 49.75 percent of the company's shares.
"On behalf of the board of directors, I want to thank Polyphor's shareholders for their trust and consent at today's AGM," said Kuno Sommer, Chairman of the Board of Directors. "Polyphor thus has the flexibility to continue the strong study progress with its phase III asset balixafortide and to implement the renewed strategy to improve its pipeline in oncology and novel antibiotics. We are fully aware of the duty that our shareholders have given us today with their approval and will passionately do everything in our power to live up to this trust for the benefit of patients and our company."
The members of the Board of Directors, Kuno Sommer, Bernard Bollag, Silvio Inderbitzin and Andreas Wallnöfer were re-elected for a further year in office. In addition, the shareholders confirmed Kuno Sommer as Chairman of the Board of Directors. Furthermore, the management report, the consolidated financial statements, and the annual financial statements for 2019 were approved.
In addition, the shareholders approved the renewal of authorized share capital (up to 5'531'603 registered shares), the creation of conditional share capital for bonds and similar debt instruments (up to 2'212'641 registered shares), the increase of conditional share capital for employee benefit plans (by 300'000 registered shares) and the corresponding changes to the articles of association.
End of ad hoc announcement
|Phone:||+41 61 567 1600|
|Fax:||+41 61 567 1601|
|Listed:||SIX Swiss Exchange|
|EQS News ID:||1063375|
|End of Announcement||EQS Group News Service|
1063375 04-Jun-2020 CET/CEST