On October 18, 2018, the Board of Directors of Pymepharco Joint Stock Company approved the additional content of Extraordinary General Meeting 2018 (EGM) with the following content:
1. Announced content:
- Approving to raise the ownership ratio of the company’s foreign investor from 49% to 100% and to adjust its business lines;
- Approving to amend its charter;
- Approving the resignation of the BOD member and the additional election of the BOD member for the period 2016 – 2021.
2. Additional content:
- Approving the Stada Service Holding B.V and/or related institution will be increased their holding ratio from 49% to 72% of the total number of issued shares without the public tender offer.