Cryo-Save initiates legal proceedings against Mr. Frédéric Amar and Salveo Holding
(Thomson Reuters ONE) -
Cryo-Save Group N.V. (Euronext: CRYO, 'Cryo-Save', or 'the Group'), the leading
international stem cell storage company and the largest family stem cell bank in
Europe, announces today it has initiated legal proceedings against Mr. Frédéric
Amar and Salveo Holding S.A. ('Salveo') as mentioned in prior press releases.
The litigation initiated by Cryo-Save - inquiry proceedings (enqueteprocedure)
with the Enterprise Chamber (Ondernemingskamer) of the Amsterdam Court of
Appeal- follows Salveo having breached the Cryo-Save invoked 180-day response
time by convening an extra-ordinary general meeting of shareholders ('EGM') to
be held on 9 September 2013. In the opinion of Cryo-Save, the convocation of the
EGM and the breach of the response time constitute mismanagement (wanbeleid) of
Mr. Amar and Salveo, and consequently Cryo-Save has requested the Enterprise
Chamber to order an inquiry into the policy and affairs of Mr. Amar and Salveo.
Cryo-Save will keep its shareholders and other stakeholders informed of
significant developments and will issue additional statements if and when
appropriate.
Enquiries:
Cryo-Save Group + 31 (0)575 509 100
Walter van Pottelberge, Chairman
About Cryo-Save (www.cryo-save.com/group)
Cryo-Save, the leading international family stem cell bank, stores more than
225,000 samples from umbilical cord blood and cord tissue. There are already
many diseases treatable by the use of stem cells, and the number of treatments
will only increase. Cryo-Save has cryopreserved samples from over 70 countries
on six continents, with ultra-modern processing and storage facilities in
Belgium, Germany, Dubai, India and South Africa.
Click here for press release in PDF:
http://hugin.info/143308/R/1722198/573715.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Cryo-Save Group N.V. via Thomson Reuters ONE
[HUG#1722198]
Unternehmensinformation / Kurzprofil:
Datum: 09.08.2013 - 15:16 Uhr
Sprache: Deutsch
News-ID 286416
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"Cryo-Save initiates legal proceedings against Mr. Frédéric Amar and Salveo Holding"
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