EQS-News

Zur Rose Group: Notice of an Extraordinary General Meeting to be held on 19 June 2017 and Setting the stage for raising additional funds to accelerate growth

EQS Group-News: Zur Rose Group AG / Key word(s): Miscellaneous Zur Rose Group: Notice of an Extraordinary General Meeting to be held on 19 June 2017 and Setting the stage for raising additional funds to accelerate growth 30.05.2017 / 07:00 Press Release

Zur Rose Group

- Notice of an Extraordinary General Meeting to be held on 19 June 2017

- Setting the stage for raising additional funds to accelerate growth

As announced at the Annual General Meeting held on 4 May 2017, the Zur Rose Group is seeking to capitalise on the wide range of growth opportunities offered by the market to further expand its strong position in the European pharmaceutical mail-order sector. Against this background, the Board of Directors is evaluating options for raising additional funds. The options being considered by UBS and Berenberg on behalf of Zur Rose Group AG include an initial public offering with a capital increase ("IPO"), further private funding and also additional debt financing. To set the stage for an IPO, an Extraordinary General Meeting will be held on 19 June 2017. Shareholder approval of the business on the agenda would allow Zur Rose Group AG to proceed with an initial public offering, possibly even this year, if the circumstances are favourable.

At the Extraordinary General Meeting, the Board of Directors will propose the creation of authorised share capital representing 50 per cent of the existing share capital. In view of an initial public offering, the Board of Directors is proposing a revision and restatement of the Articles of Association to conform to the requirements for listed companies and, in particular, also to the provisions of the Ordinance Against Excessive Compensation in Listed Companies (Verordnung gegen übermässige Vergütungen bei börsenkotierten Aktiengesellschaften, VegüV). The revised and restated Articles of Association would only become effective on completion of an authorised increase in share capital in connection with an initial public offering by Zur Rose Group AG.