TheraVet Becomes EGEIRO Pharma
29 Outubro 2024 - 3:30AM
Business Wire
Minutes of the TheraVet Extraordinary
General Meeting of October 28, 2024
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.
As a reminder, TheraVet and H4Orphan have decided to set up a
strategic steering committee to oversee the execution of the
strategic agreement between the two companies, in particular the
implementation of the proposed transaction and the operational
integration within TheraVet.
Finally, an initial refinancing of EUR 300,0002 was immediately
carried out following the approval of the strategic agreement
between TheraVet and H4Orphan, providing TheraVet with financial
visibility until the end of the first quarter of 2025. The minutes
of the Annual General Meeting will be available within the legal
deadlines on the Company's website.
About TheraVet SA TheraVet is a veterinary biotechnology
company specialising in osteoarticular treatments for companion
animals. The Company develops targeted, safe and effective
treatments to improve the quality of life of pets suffering from
joint and bone diseases. For pet owners, the health of their pets
is a major concern and TheraVet’s mission is to address the need
for innovative and curative treatments. TheraVet works closely with
international opinion leaders in order to provide a more effective
response to ever-growing needs in the field of veterinary medicine.
TheraVet is listed on Euronext Growth® Paris and Brussels, has its
head office in Belgium (Gosselies) with a US subsidiary. For more
information, visit the TheraVet website or follow us on LinkedIn /
Facebook / Twitter
1 This is a conventional negotiated value; the value of the
assets contributed, as estimated by an independent expert, is EUR
42 million (see Appendix 2 of the Special Report (Contribution in
kind). 2 Refinancing from convertible bonds of the financing line
set up in November 2023, contributed in one tranche immediately
after approval by the Extraordinary General Meeting.
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TheraVet Chief Executive Officer Enrico Bastianelli
investors@thera.vet Tel: +32 (0) 71 96 00 43
NewCap Investor Relations and Financial Communications
theravet@newcap.eu Tel: +33 (0)1 44 71 94 94
Press Relations theravet@newcap.eu Tel: +33 (0)1 44 71 00 15
NewCap Belgique Press Relations Laure-Eve Monfort
lemonfort@newcap.fr Tel: + 32 (0) 489 57 76 52
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