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 --------------------------------------------------------------------------- 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- 476775 01.07.2016
Active Ownership Fund to prepare joint shareholder proposal for the election of shareholder representatives to the supervisory board of STADA Arzneimittel AG
| Source: EQS Group AG