Active Ownership Fund to prepare joint shareholder proposal for the election of shareholder representatives to the supervisory board of STADA Arzneimittel AG


DGAP-Media / 01.07.2016 / 12:30

- Active Ownership Capital launches appeal in Aktionärsforum and invites
further shareholders to participate in the process to select independent
supervisory board candidates

- STADA's approach to identify potential supervisory board candidates
ignores shareholders' interests

- STADA's interim management does not have the legitimation to select
supervisory board candidates compliant to the wishes of the management
board while disregarding shareholder interests

Luxembourg/Bad Vilbel, July 1, 2016 - Active Ownership Capital, an
independent owner-managed investment company to which more than 5% of the
STADA Arzneimittel AG shares are attributed, today has launched an appeal
in the Aktionärsforum* to propose independent candidates for election to
the supervisory board at the shareholder meeting on August 26, 2016.

Active Ownership Capital proposed to the company on May 24 that, as a
significant shareholder, it be actively involved in the drafting of the
selection criteria and / or the process by which candidates are selected.
This proposal was rejected by the chairman of the company's supervisory
board and, instead, a nomination committee was created without any
shareholder involvement.

Active Ownership Capital shall therefore, on or about July 11, convey to
the company a joint shareholder proposal for the new supervisory board
candidates. Spencer Stuart, the internationally renowned executive search
consultants, is currently in the process of selecting these independent
candidates.

Active Ownership Capital has issued the following statement in this regard:

"STADA Arzneimittel AG has breached a written agreement with Active
Ownership Capital by not putting forward for election at the shareholder
meeting on June 9 the jointly approved supervisory board candidates. We
therefore no longer have any faith in the ability of the current management
to conduct the process to select new candidates to propose to the
shareholder meeting on August 26, 2016 in a transparent, due and proper
manner that serves the best interests of the company, its shareholders, and
employees. Through our appeal in the shareholder forum, we are therefore
inviting all shareholders with a significant equity holding in the company
to ensure that, by means of a professionally conducted process, the best
possible composition of the company's supervisory board is safeguarded
going forward."

Interested shareholders owning at least 75,000 shares in STADA Arzneimittel
AG are invited to write to saz@spencerstuart.com by July 6, 2016 to request
information about candidates and to participate in the selection process.

# # #

About Active Ownership Capital

Active Ownership Capital is an independent, partner-managed investment
company which acquires significant minority stakes in publicly listed,
undervalued small- and mid-size companies in German speaking countries
(Germany, Switzerland, Austria) and the Nordics (Sweden, Finland, Denmark,
Norway). Active Ownership Capital follows an active ownership approach and
fosters value creation through operational, strategic and structural
improvements.

For us, active ownership means that we act as the company's partner and
support it long-term. Together with management, we define value-enhancing
strategies and measures and are ready to support their implementation as
supervisory board members and advisors. As equity investors we add
long-term oriented entrepreneurial thinking to publicly listed companies.
Our investor base consists of European family offices and selected
institutional investors.

For further information: www.activeownershipcapital.de and
www.saz-governance.de

*Aktionärsforum is the shareholder forum of the German Federal Gazette
(Bundesanzeiger), the central platform for pronouncements and
announcements, as well as for legally relevant company news.



PRESS CONTACT
Charles Barker Corporate Communications GmbH
KORNELIA SPODZIEJA 
kornelia.spodzieja@charlesbarker.de 
Tel: +49 69 79409040
Mobile: +49 172 622 7007

TOBIAS EBERLE
tobias.eberle@charlesbarker.de
Tel: +49 69 79409024
Mobile: +49 173 520 4436


End of Media Release

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Issuer: Active Ownership Capital S.à r.l.
Key word(s): Finance

01.07.2016 Dissemination of a Press Release, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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