Evolva shareholders approve all Board proposals in AGM: Green light for Abunda acquisition

20-May-2011 - Switzerland

The Annual General Meeting of Evolva Holding SA has approved all proposals put forward by the Board of Directors, including those regarding the Company’s intended acquisition of its R&D partner Abunda Nutrition, Inc.
 
A total of 85 shareholders were present at the meeting which took place in Basel today. 100,379,115 shares were represented, or 71.9% of the total number of shares issued (139,665,164). A detailed overview of the agenda items and the proposals is available on the Evolva website.
 
The AGM proposals included increases in conditional and authorised capital in Evolva’s Articles of Association. The shareholders’ approval of these items clears the way for the closing of Evolva’s acquisition of Abunda Nutrition, Inc. This transaction is expected to take place around the end of June 2011.

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