EQS-News

Relief Announces Notice of Extraordinary General Meeting of RELIEF THERAPEUTICS Holding AG - Seite 2

Election of Tom Plitz as new member of the Board of Directors

Tom is Chief Executive Officer of Chord Therapeutics SA, a privately held biopharmaceutical firm based in Geneva, Switzerland. He has more than two decades of experience in pharmaceutical R&D, most recently as Chief Scientific Officer of the rare disease company Wilson Therapeutics. Wilson Therapeutics was acquired for USD 855 million by Alexion Pharmaceuticals in April 2018. Tom's previous assignments include senior roles at Serono, Merck, and Shire, where he worked across multiple therapeutic areas, including neuroinflammatory, metabolic, and rare diseases. Tom holds a Ph.D. from Technical University of Munich, Germany.

Votes on the compensation of the members of the Board of Directors and of the Executive Committee

The Board of Directors recommends adjusting the compensation pool available for the remuneration of its members in the ongoing financial year from CHF 1,000,000 (as previously accepted by July's AGM) to CHF 1,500,000. Furthermore, with the rapid development of the Company and its activities over the last months, the Board of Directors has reinforced, and will continue to reinforce, the Relief management team. Therefore, a request is made for the approval of a compensation pool of CHF 5,000,000 for management remuneration for the financial year 2021.

Increase of authorized capital and of conditional share capital 3b2

The authorized share capital is intended for the future financing of the Company, as required in connection with future projects as well as for responding quickly to strategic business opportunities. An increase from 1,056,726,052 shares to 1,250,000,000 shares will provide the Company additional flexibility to raise capital or pursue acquisitions.

An increase of the conditional share capital from 740,329,636 shares to 960,000,000 shares will provide additional flexibility should the Company need to use financing instruments with conversion features. This measure is being put in place as a precaution and to ensure adequate funds to complete all study plans for RLF-100^TM. As further explained in the EGM invitation, the resulting available number of conditional shares will be 340,000,000 shares as recent issuances of 620,000,000 new shares out of the conditional share capital 3b2 are not yet reflected in the Articles of Association.