Cryo-Save Group N.V.: Positive outcome for Cryo-Save in legal proceedings against Salveo: EGM 9 September 2013 postponed
(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 that the extraordinary general meeting of shareholders ("EGM")
scheduled for 9 September 2013, that was convened by the company's minority
shareholder Salveo Holding S.A. ("Salveo") in breach of the 180-day response
time that Cryo-Save's board of directors invoked, has been adjourned by court
order.
The Enterprise Chamber (Ondernemingskamer) of the Amsterdam Court of Appeal
confirmed in the decision it handed down today that Cryo-Save's invocation of
the 180-day response time was justified and that Salveo was not entitled to
breach the response time. Consequently, the Enterprise Chamber by way of
injunctive relief adjourned the EGM convened by Salveo to 20 November 2013,
being the final day of the response time, or to such earlier date as the
response time may be ended by Cryo-Save.
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
250,000 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/1727829/576925.pdf
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Source: Cryo-Save Group N.V. via Thomson Reuters ONE
[HUG#1727829]
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Datum: 06.09.2013 - 17:48 Uhr
Sprache: Deutsch
News-ID 294289
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