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Minutes of the TheraVet Extraordinary General Meeting of October 28, 2024
GOSSELIES, Belgium, October 29, 2024--(BUSINESS WIRE)--Regulatory News:
TheraVet (ISIN: BE0974387194 - ticker: ALVET), a pioneering company in the management of osteoarticular diseases in pets, informs its shareholders that its Extraordinary General Meeting ("EGM") was held on Monday October 28, 2024 at 10:00 am in the offices of the Berquin law firm, 11 avenue Lloyd George, 1000 Brussels, in the presence of Simon Wheeler, Chairman of the Board of Directors.
The number of shares held by shareholders present, represented or voting by mail was 504,063, giving a quorum of 14.12%.
All resolutions submitted to the Extraordinary General Meeting were adopted unanimously. In particular, shareholders were asked to vote on the strategic agreement between TheraVet and H4Orphan, structured as a contribution of assets valued at EUR 14 million1, under which H4Orphan shareholders will receive newly-issued TheraVet ordinary shares in consideration for the clinical program in idiopathic pulmonary fibrosis contributed by H4Orphan.
As indicated in the press release of September 30, 2024, the number of new shares issued to H4Orphan was obtained by dividing the total value of the assets contributed by the issue price per share, which is equal to the average closing price of the Company's shares on the Euronext Growth market over a period running from the date of convening to the day before the Extraordinary General Meeting. On October 28, 2024, H4Orphan shareholders held 97.07% of TheraVet's share capital, which amounted to €12,221,324.28 (excluding issue premium) and was represented by 122,213,243 shares, and of the Company's voting rights.
Shareholders present, represented or voting by mail at TheraVet’s EGM also approved:
- Business continuity;
- The authorized capital increase of the Company by EUR 2,500,000;
- Appointment of new directors, formalizing the governance of the new entity;
- The change of name of the Company to EGEIRO Pharma, to mark the start of a new stage of development for the new biotech activity.
Euronext is currently in the process of updating the share name and mnemonic code. The actual change will be the subject of a forthcoming press release.
All directors, with the exception of Enrico BASTIANELLI SRL, have resigned their mandates, and Mr. Gaétan TERRASSE, Chairman of H4Orphan, becomes Chairman of TheraVet's Board of Directors. TheraVet's Board of Directors is thus made up of directors proposed by H4Orphan's current shareholders, alongside Mr. Enrico BASTIANELLI.