EQS-News

Results of the Annual General Meeting 2024 for the financial year 2022/23 of BRAIN Biotech AG

EQS-News: BRAIN Biotech AG / Key word(s): AGM/EGM Results of the Annual General Meeting 2024 for the financial year 2022/23 of BRAIN Biotech AG 12.03.2024 / 17:17 CET/CEST The issuer is solely responsible for the content of this announcement. Results of the Annual General Meeting 2024 for the financial year 2022/23 of BRAIN Biotech AG

• Face-to-face event at the Zwingenberg site
• Executive Board and Supervisory Board approved by a clear majority
• Silent partnership with the State of Hesse approved by a very large majority

Zwingenberg, Germany, 12 March 2024 – At today´s Annual General Meeting of BRAIN Biotech AG (Frankfurt Stock Exchange / BNN / ISIN DE0005203947 / WKN 5203949), the shareholders approved all items on the agenda with a clear majority.

The establishment of silent partnerships between BRAIN Biotech AG and Hessen Kapital I GmbH and MBG H Mittelständische Beteiligungsgesellschaft Hessen mbH - for the financing of innovative research projects at the locations in Hesse - received approval rates of over 99% in each case.

65,99 % of the share capital was represented at the time of the voting.

In his speech to shareholders, CEO Adriaan Moelker said: "We now have the architecture, the employees, the technology, the customers and the products to further accelerate our economic success. I am confident that we will succeed in achieving our main targets: double-digit sales growth, EBITDA of 15 % +/- 5 percentage points and positive operating cash flow within our planning horizon of five years." In its first quarterly figures for the 2023/24 financial year, the company recently announced a quantitative guidance for the full year with turnover to rise to EUR 58 million to EUR 62 million.

Dr Michael Majerus, Chairman of the Supervisory Board, emphasized: “I was very pleased to be able to hold my first Annual General Meeting as Chairman in the form of a face-to-face event in direct contact with the shareholders.” Majerus continued: “In the past financial year 2022/23, BRAIN Biotech achieved the best revenue and adjusted EBITDA figures since the company's IPO. On this basis, the Supervisory Board supports the measures taken by the Management Board to exploit the Group's diverse potential with the aim of further increasing revenues and earnings and achieving the communicated mid-term targets.”