United Terra Enterprises PLC held its shareholders’ meeting which resulted in a share capital increase by contribution in kind and the election of the Board of Directors and management.
The Company intends to complete the share exchange for the remaining shareholders who elect to do so through an additional capital increase through the Board of Directors, which was approved at the General Meeting and will take place in the coming weeks.
Additionally, the Board of Directors and management were elected at the General Meeting and details of their election will follow in a subsequent press release.
The Company’s Chairman, Hans-Peter Vogt said: “We are happy with the progress that has been made to date, specifically with the formation of the Company, the appointment of the Board of Directors and management and the high participation rate among the shareholders of Eurybia AG in the share exchange. We note that previously unregistered shares have become registered and take that as a positive sign that more shareholders of Eurybia AG are preparing to participate in the share exchange.”
If you would like additional information, contact the Company either via email firstname.lastname@example.org or by telephone at +423 236 40 10.