Targeted & controlled bone healing
21 May 19
Annual General Meeting of Kuros Biosciences approves certain resolutions

Annual General Meeting of Kuros Biosciences approves certain resolutions

Schlieren (Zurich), Switzerland, May 21, 2019 – Kuros Biosciences (SIX:KURN) today announced that its Annual General Meeting approved certain resolutions proposed by the Board of Directors. Three proposed resolutions relating to amendments of the Articles for potential capital increases did not reach the required 2/3 majority.

 

Joost de Bruijn (CEO) reported that with the proceeds of the December 2018 capital increase the Company is advancing its pipeline, in particular the Phase II clinical study of its proprietary KUR-113 product in spinal fusion, and is progressing the commercialization of MagnetOs in the U.S. and selected geographics in Europe.

 

The Annual General Meeting approved the Annual Report, the Annual Financial Statements, and Consolidated Financial Statements for the year 2018 and took note of the Reports of the Auditors. Shareholders discharged the Board and the Executive Committee, voted in favor of the proposed appropriation of the Annual Results and approved the compensation for the members of the Board and the Executive Committee.

 

Clemens van Blitterswijk was re-elected as Chairman and Leanna Caron, Gerhard Ries, Joost de Bruijn, Jason Hannon, Scott P. Bruder and Oliver Walker were re-elected as members of the Board. Dr. Ries and Mrs. Caron were re-elected as members of the Compensation Committee. The law firm Keller KLG, Zürich was elected as independent Proxy. PricewaterhouseCoopers were confirmed for another one-year term as the Company’s auditor.

 

The required 2/3 majority on an increase and adjustment of the authorized share capital (up to 4,000,000 registered shares with a nominal value of CHF 1.00 each) and the conditional share capital for Employee Participation (up to 2,248,389 registered shares with a nominal value of CHF 1.00 each) was not reached. The increase and adjustment of the Conditional Share Capital for bonds and similar debt instruments (up to 4,000,000 registered shares with a nominal value of CHF 1.00 each), and corresponding changes to the Articles of Incorporation also did not reach the required 2/3 majority.

 

The Annual General Meeting took place at the Company’s headquarters in Schlieren. It was attended by 28 shareholders. 5,534,412 shares or 36.7% of a total of 15,058,611 shares were represented.



Kuros Biosciences AG
Wagistrasse 25, 8952 Schlieren, Switzerland
Tel: +41 44 733 47 47   Fax: +41 44 733 47 40   Email: info@kurosbio.com

About Kuros

  1. Overview
  2. Executive Committee
  3. Board
  4. Careers

Products

  1. MagnetOs

Pipeline

  1. Pipeline
  2. Spinal fusion
    KUR-113
  3. Fracture repair
    KUR-111
    KUR-113
  4. Surgical Sealants
    Neuroseal (KUR-023)

Technologies

  1. Surface Science Technology
  2. Fibrin-Based
  3. Synthetic Cross-Linking Technology
  4. Immune Modulation

Partnerships

  1. Collaborations
  2. Business Development

Investors

  1. Share price
  2. Regulatory filings
  3. Reports & Presentations
  4. Analysts
  5. Calendar
  6. Corporate governance

News

  1. Press releases
  2. Conferences & Events

Contact

  1. Location
Article
21 May 19
Annual General Meeting of Kuros Biosciences approves certain resolutions

Annual General Meeting of Kuros Biosciences approves certain resolutions

Schlieren (Zurich), Switzerland, May 21, 2019 – Kuros Biosciences (SIX:KURN) today announced that its Annual General Meeting approved certain resolutions proposed by the Board of Directors. Three proposed resolutions relating to amendments of the Articles for potential capital increases did not reach the required 2/3 majority.

 

Joost de Bruijn (CEO) reported that with the proceeds of the December 2018 capital increase the Company is advancing its pipeline, in particular the Phase II clinical study of its proprietary KUR-113 product in spinal fusion, and is progressing the commercialization of MagnetOs in the U.S. and selected geographics in Europe.

 

The Annual General Meeting approved the Annual Report, the Annual Financial Statements, and Consolidated Financial Statements for the year 2018 and took note of the Reports of the Auditors. Shareholders discharged the Board and the Executive Committee, voted in favor of the proposed appropriation of the Annual Results and approved the compensation for the members of the Board and the Executive Committee.

 

Clemens van Blitterswijk was re-elected as Chairman and Leanna Caron, Gerhard Ries, Joost de Bruijn, Jason Hannon, Scott P. Bruder and Oliver Walker were re-elected as members of the Board. Dr. Ries and Mrs. Caron were re-elected as members of the Compensation Committee. The law firm Keller KLG, Zürich was elected as independent Proxy. PricewaterhouseCoopers were confirmed for another one-year term as the Company’s auditor.

 

The required 2/3 majority on an increase and adjustment of the authorized share capital (up to 4,000,000 registered shares with a nominal value of CHF 1.00 each) and the conditional share capital for Employee Participation (up to 2,248,389 registered shares with a nominal value of CHF 1.00 each) was not reached. The increase and adjustment of the Conditional Share Capital for bonds and similar debt instruments (up to 4,000,000 registered shares with a nominal value of CHF 1.00 each), and corresponding changes to the Articles of Incorporation also did not reach the required 2/3 majority.

 

The Annual General Meeting took place at the Company’s headquarters in Schlieren. It was attended by 28 shareholders. 5,534,412 shares or 36.7% of a total of 15,058,611 shares were represented.