Schlieren (Zurich), Switzerland, June 16, 2016
Kuros Bioscience’s Shareholders Approve All Resolutions
Kuros Biosciences Ltd (“Kuros”) today announced that its shareholders approved all resolutions at the Annual Shareholders’ Meeting 2016. In particular, they vot- ed with a large majority for the proposed reverse stock split at the ratio of 100 to 1 and therefore the necessary changes of the articles of association. The reverse stock split is expected to simplify the trading and increase the shares’ attractiveness for investors. The first trading day of the new shares is expected to be June 23, 2016. The shareholders' meeting further resolved on an authorized capital increase which the Board intends to partially use for a quick and flexible raising of capital (including private placements), Shareholders also elected Leanna Caron as new member of the Board of Directors.
The Annual Shareholders’ Meeting of Kuros took place at the Company’s headquarters in Schlie- ren/Zurich (Switzerland). It was attended by 77 shareholders. 237’200’269 shares or 46.65% of a total of 508’432’244 shares were represented.
Schlieren (Zurich), Switzerland, June 16, 2016
Kuros Bioscience’s Shareholders Approve All Resolutions
Kuros Biosciences Ltd (“Kuros”) today announced that its shareholders approved all resolutions at the Annual Shareholders’ Meeting 2016. In particular, they vot- ed with a large majority for the proposed reverse stock split at the ratio of 100 to 1 and therefore the necessary changes of the articles of association. The reverse stock split is expected to simplify the trading and increase the shares’ attractiveness for investors. The first trading day of the new shares is expected to be June 23, 2016. The shareholders' meeting further resolved on an authorized capital increase which the Board intends to partially use for a quick and flexible raising of capital (including private placements), Shareholders also elected Leanna Caron as new member of the Board of Directors.
The Annual Shareholders’ Meeting of Kuros took place at the Company’s headquarters in Schlie- ren/Zurich (Switzerland). It was attended by 77 shareholders. 237’200’269 shares or 46.65% of a total of 508’432’244 shares were represented.