ObsEva SA Announces that Shareholders Approved all Board Proposals at its 2020 Annual General Meeting held on June 9, 2020
Rhea-AI Summary
ObsEva SA announced the approval of all Board proposals at its 2020 Annual General Meeting on June 9, 2020. Key approvals included the Annual Report and Financial Statements for FY 2019, discharge for the Board and Executive Committee, re-elections for Board members and the Chairman, as well as re-elections for the Compensation Committee and Auditors. Additionally, shareholders approved increases in Authorized and Conditional Share Capital for Equity Plans, along with changes to the Equity Incentive Plan.
Positive
- All Board proposals were approved by shareholders, indicating strong support for management.
- Re-election of auditors and independent representatives suggests ongoing financial oversight.
- Increase in Authorized Share Capital may facilitate future financing opportunities.
Negative
- None.
News Market Reaction – OBSV
On the day this news was published, OBSV declined 2.48%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Geneva, Switzerland and Boston, MA – June 9, 2020 - ObsEva SA (NASDAQ: OBSV / SIX: OBSN), a clinical-stage biopharmaceutical company focused on the development and commercialization of novel therapeutics for serious conditions that compromise a woman’s reproductive health and pregnancy, today announced that shareholders approved all Board proposals at its 2020 Annual General Meeting held on June 9, 2020.
The approved items are as follows:
- Shareholders approved the Annual Report, the Statutory Financial Statements and the Consolidated Financial Statements for Fiscal Year 2019
- Shareholders granted discharge to the Members of the Board of Directors and to the Executive Committee for year 2019
- Shareholders approved the proposed appropriation of the Financial Results for year 2019
- Shareholders approved the proposed re-elections to the Board of Directors and re-election of the Chairman of the Board of Directors
- Shareholders approved the proposed re-elections to the Compensation Committee
- Shareholders approved the re-election of PricewaterhouseCoopers SA as ObsEva SA's Auditors and Independent Registered Public Accounting Firm
- Shareholders approved the re-election of Perréard de Boccard SA as Independent Representative
- Shareholders approved the proposed compensation of the Board of Directors and the Executive Committee
- Shareholders approved the proposed increase of ObsEva SA's Authorized Share Capital
- Shareholders approved the proposed increase of ObsEva SA's Conditional Share Capital for Equity Plans
- Shareholders approved the proposed change to ObsEva SA’s Equity Incentive Plan
For a detailed agenda, including items submitted to shareholders’ vote and related proposals of the Board of Directors, please refer to the full invitation, which may be found in the Investors / General Meetings section of the company’s website www.ObsEva.com
To access the general meetings section of the Company’s website, please click here.
To access the AGM 2020 section of the general meetings section directly, please click here.
To access the full invitation to the AGM 2020 directly, please click here.
About ObsEva
ObsEva is a biopharmaceutical company developing and commercializing novel therapies to improve women’s reproductive health and pregnancy. Through strategic in-licensing and disciplined drug development, ObsEva has established a late-stage clinical pipeline with development programs focused on treating endometriosis, uterine fibroids, preterm labor, and improving ET outcomes following IVF. ObsEva is listed on the Nasdaq Global Select Market and is trading under the ticker symbol "OBSV" and on the SIX Swiss Exchange where it is trading under the ticker symbol “OBSN”. For more information, please visit www.ObsEva.com.
For further information, please contact:
CEO Office Contact:
Shauna Dillon
Shauna.dillon@obseva.ch
+41 22 552 1550
Investor Contact:
Mario Corso
Vice President, Investor Relations
mario.corso@obseva.com
+1 857 972 9347 Office
+1 781 366 5726 Mobile
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