DGAP-News: Press Release: 4SC AG further strengthens Supervisory Board with experienced managers from the pharmaceutical industry
(firmenpresse) - DGAP-News: 4SC AG / Key word(s): Change of Personnel/AGM/EGM
Press Release: 4SC AG further strengthens Supervisory Board with
experienced managers from the pharmaceutical industry
06.08.2012 / 13:27
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Press Release
4SC AG further strengthens Supervisory Board with experienced managers from
the pharmaceutical industry
Planegg-Martinsried, Germany, 6 August, 2012 - 4SC AG (Frankfurt, Prime
Standard: VSC), a discovery and development company of targeted small
molecule drugs for autoimmune and cancer diseases, today announced the
appointment of Dr Irina Antonijevic and Mr Klaus Kühn to the company's
Supervisory Board.
In a by-election at today's Annual General Meeting of 4SC AG, Dr
Antonijevic and Mr Kühn were elected to the Supervisory Board for the
remaining term of Dr Jörg Neermann and Mr Günter Frankenne, who have
stepped down from the Supervisory Board. The terms of office will run until
the end of the Annual General Meeting that resolves on formally approving
the actions of the Supervisory Board for financial year 2012.
Dr Antonijevic, Director Clinical Research at US pharmaceutical company
Sanofi, has many years of international experience in clinical drug
development and extensive expertise gained in executive positions both in
the pharmaceutical industry and in medical research in a university
environment.
Klaus Kühn, former Chief Financial Officer of Bayer AG (2002 to 2010), has
more than 30 years of experience in executive positions primarily in the
chemical and pharmaceutical industry with a focus on finance and
accounting.
The shareholders of 4SC AG also approved all of the resolutions proposed to
the Annual General Meeting by the Management Board and the Supervisory
Board with the required majority, including the following items:
- Resolution on the approval of the remuneration system for members of
the Management Board;
- Approval of a control and profit transfer agreement between 4SC AG and
4SC Discovery GmbH;
- Resolution on the creation of new Authorised Capital, adjusted to the
share capital that was raised following the capital increase in June
2012;
- Resolution on a new authorisation of the Management Board to issue
convertible bonds, bonds with warrants, profit participation rights
and/or income debentures and create corresponding Conditional Capital.
A total of 78.3% of the voting capital was represented at the 2012 Annual
General Meeting of 4SC AG.
Ends
About 4SC
The Group managed by 4SC AG (ISIN DE0005753818) discovers and develops
targeted, small-molecule drugs for treating diseases with high unmet
medical needs in various autoimmune and cancer indications. These drugs are
intended to provide innovative treatment options that are more tolerable
and efficacious than existing therapies, and provide a better quality of
life. The Company's balanced pipeline comprises promising products that are
in various stages of clinical development. 4SC's aim is to generate future
growth and enhance its enterprise value by entering into partnerships with
leading pharmaceutical companies. Founded in 1997, 4SC had 90 employees at
31 March 2012. 4SC AG has been listed on the Prime Standard of the
Frankfurt Stock Exchange since December 2005.
Legal Note
This document may contain projections or estimates relating to plans and
objectives relating to our future operations, products, or services; future
financial results; or assumptions underlying or relating to any such
statements; each of which constitutes a forward-looking statement subject
to risks and uncertainties, many of which are beyond our control. Actual
results could differ materially, depending on a number of factors.
For more information please visit www.4sc.com or contact:
4SC AG
Jochen Orlowski, Corporate Communications&Investor Relations
jochen.orlowski(at)4sc.com, Tel.: +49 (0) 89 70 07 63 66
MC Services
Mareike Mohr
Mareike.mohr(at)mc-services.eu , Tel.: +49 (0) 89 21 02 28 40
End of Corporate News
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Language: English
Company: 4SC AG
Am Klopferspitz 19a
82152 Martinsried
Germany
Phone: +49 (0)89 7007 63-0
Fax: +49 (0)89 7007 63-29
E-mail: public(at)4sc.com
Internet: www.4sc.de
ISIN: DE0005753818
WKN: 575381
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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180372 06.08.2012
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Datum: 06.08.2012 - 13:27 Uhr
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News-ID 171762
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