Reporting of the Annual General Meeting

Regulatory News:

Medincell's Ordinary Annual and Extraordinary General Meeting was held on September 12, 2024, at the company's headquarters (3 rue des Frères Lumière, 34830 Jacou). It was chaired by Mr. Philipe Guy, Chairman of Medincell's Supervisory Board.

Among the resolutions approved by the Annual General Meeting was a change in the company's governance and management structure, with the creation of a Board of Directors to replace the Management Board and Supervisory Board. Elisabeth Kogan, Tone Kvåle, Virginie Lleu, Christophe Douat, Philippe Guy and Sabri Markabi were elected as Board members. Following the Annual General Meeting, the Board of Directors appointed Philippe Guy as Chairman of the Board of Directors and Christophe Douat as Chief Executive Officer (they were previously Chairman of the Supervisory Board and Chairman of the Executive Board respectively).

Philippe Guy, Chairman of the Board of Directors: “With this change, our governance will be aligned with international standards, especially American ones. It will be more agile and better suited to our operating mode and ambitions. We have also begun a rigorous process to select potential new directors to strengthen our board.”

Christophe Douat, CEO: “We have entered a new era with an exceptional year 2023/2024: approval of UZEDY and its successful launch, acceleration of phase 3 of mdc-TJK Olanzapine, partnership with Abbvie, improvement of our financial position. Our goal now is to ensure Medincell's sustainable growth by remaining committed to our values and mission.”

The other resolutions presented by the Management Board were adopted, including the approval of the annual consolidated accounts for exercise ended March 31, 2024, the remuneration policy applicable to the Chairman and members of the management board, to the Chairman and the members of the Supervisory Board as well as financial delegations granted to the new Board of Directors. As recommended by the Management Board, resolution 29 was not adopted.

The replay of the general meeting and the detailed voting results will soon be available on the MedinCell website.

Medincell also announced that Mr. Stéphane Postic has been confirmed as CFO. He joined the Company in September 2023 on a transitional basis, with the mission of adapting the finance and capital markets functions to Medincell's new challenges.

For operational reasons, the next financial publication, i.e. the half-yearly results (April-September 2024), will be held on Tuesday December 10, 2024, replacing the previously announced date of Tuesday December 3.