Shareholders approve all agenda items at Cosmo shareholders meeting

Shareholders approve all agenda items at Cosmo shareholders meeting

Amsterdam - May 25, 2017 - Cosmo Pharmaceuticals S.p.A. (SIX: COPN) today announced that the shareholders approved all agenda items at the shareholders meeting in Amsterdam on May 24, 2014 with overwhelming majorities.

7'629'838 votes representing 50.74% of the total votes were present.

The accounts were approved with a majority of 99.4% of the votes and the board was discharged with 99.3% of the votes.

Ms Eimar Cowhey was elected to the board of directors as a non-executive with 96.8% of the votes.

The remuneration policy was approved with 93.8% of the votes, 96.1% of the votes granted the authority to the board to create preferred shares, 99.8% approval was given to the authority to repurchase up to 10% of the shares and 96.1% of the votes were given to the new employee stock ownership plan.

The payment of a gross dividend of EUR 1.50 per share was approved with 100% of the votes. The ex dividend date is May 29, 2017, the dividend record date is May 30, 2017 and the dividend payment date is May 31, 2017.

About Cosmo Pharmaceuticals

Cosmo is a specialty pharmaceutical company that aims to become a global leader in the field of optimized therapies for selected Gastrointestinal Disorders and Endoscopic Procedures. The Company's proprietary clinical development pipeline specifically addresses innovative treatments for IBD, such as Ulcerative Colitis and Crohn's Disease, and Colon Infections. In addition, the Company has developed a medical device for polyp and adenoma excision and is has completed clinical trials of LuMeBlue™, a diagnostic drug for the detection of colon cancer as well as new chemical entities that are being developed by the associate company Cassiopea S.p.A. for the topical treatment of skin diseases. Cosmo's MMX® products that have reached the market are Lialda®/Mezavant®/Mesavancol®, a treatment for IBD that is licensed globally to Giuliani and Shire Limited and Uceris®, the first glucocorticosteroid indicated for the induction of remission in active, mild to moderate Ulcerative Colitis, licensed in US to Santarus/Salix/Valeant and in the Rest of the World to Ferring as Cortiment®. Cosmo's proprietary MMX® technology is at the core of the Company's product pipeline and was developed from its expertise in formulating and manufacturing gastrointestinal drugs for international clients at its GMP (Good Manufacturing Practice) facilities in Lainate, Italy. The technology is designed to deliver active ingredients in a targeted manner in the colon. For further information on Cosmo, please visit the Company's website: www.cosmopharma.com

Next events

Jefferies Global Health Care Conference	New York, June 7-10, 2017
Half-Year Results	July 28, 2017

Contact

Dr. Chris Tanner, Head of Investor Relations

Cosmo Pharmaceuticals N.V.

Tel: [phone]
[e-mail]

Some of the information contained in this press release contains forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. Cosmo undertakes no obligation to publicly update or revise any forward-looking statements.

This communication is not an offer of securities of any issuer. Securities may not be offered or sold in the United States absent registration or an exemption from the registration requirement of the US Securities Act of 1933.

This press release constitutes neither an offer to sell nor a solicitation to buy securities and it does not constitute a prospectus within the meaning of article 652a and/or 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange or any similar document. The offer will be made solely by means of, and on the basis of, a securities prospectus to be published. An investment decision regarding the securities to be publicly offered should only be made on the basis of the securities prospectus.

This press release is made to and directed only at (i) persons outside the United Kingdom, (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), and (iii) high net worth individuals, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order. Any person who is not a relevant person should not act or rely on this press release or any of its contents.

This press release does not constitute an "offer of securities to the public" within the meaning of Directive 2003/71/EC of the European Union (the "Prospectus Directive") of the securities referred to in it (the "Securities") in any member state of the European Economic Area (the "EEA"). Any offers of the Securities to persons in the EEA will be made pursuant to an exemption under the Prospectus Directive, as implemented in member states of the EEA, from the requirement to produce a prospectus for offers of the Securities.

Press release (PDF)

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