Evolva Holding SA in Liquidation Gains Approval on Key Proposals During AGM

During the Annual General Meeting (AGM) held in Basel on April 12, 2024, Evolva Holding SA in liquidation secured approval from its shareholders for a series of significant proposals, including the revocation of its liquidation and delisting processes. These decisions came alongside the rejection of the introduction of an opting-out clause. Nearly half of the outstanding shares, representing 47.3%, participated in the voting process.

Among the prominent approvals was the interim financial statement and liquidation report of 2023, receiving 96.71% of the votes. The board of directors and executive management were discharged from liability for fiscal year 2023 with 93.42% approval. In addition, the compensation report and the annual result for 2023 were also favorably voted upon, with 94.52% and 97.30% of the votes, respectively.

Importantly, the shareholders decided against implementing an opting-out clause in the articles of association, with a double majority required for approval not being met in all voting scenarios. The measure intended by Evolva’s largest shareholder, Nice & Green SA, did not find sufficient support.

Furthermore, the AGM saw a positive adjustment in the purchase price from the sale of shares to Danstar Ferment AG, with a final increase totaling CHF 2.117 million after all adjustments were completed in March 2024. This financial adjustment marks a significant achievement for Evolva amidst its strategic transitions.