PRESS RELEASE
Results of the votes of the Combined Shareholders' Meeting
of May 19, 2022
Daix (France), Long Island City (New York, United States), May 20, 2022 - Inventiva (Euronext Paris and Nasdaq: IVA), a clinical-stagebiopharmaceutical company focused on the development of oral small molecule therapies for the treatment of non-alcoholicsteatohepatitis (NASH) and other diseases with unmet medical need, today announced the results of the votes of its Combined Shareholders' Meeting.
The Combined Shareholders' Meeting was held on Thursday May 19, 2022 at 2 p.m. at Hôtel Oceania Le Jura, 14 avenue Foch, 21000 Dijon (France), under the chairmanship of Mr. Frédéric Cren, Chairman and Chief Executive Officer and cofounder of Inventiva.
Mr. Frederic Cren proceeded to the usual formalities of the opening of the meeting, in particular to the constitution of the Bureau by appointing Mr. Pierre Broqua and Mr. Jean Volatier, as tellers, as well as Mr. Eric Duranson, as secretary of the Combined Shareholders' Meeting.
All the resolutions submitted to vote have been adopted by the shareholders, with the exception of the 30th resolution which would have empowered the Board of Directors to decide on share capital increases reserved for members of a company savings plan to be set up by the Company.
Pursuant to Article R. 22-10-14 IV. of the French Commercial Code, the Combined Shareholders' Meeting approved, without modification, the compensation policy for corporate officers as presented in the 2021 Universal Registration Document (Part 3.5.1, pages 153 and seq.).
Information on the results of the votes is detailed below:
- Total number of shares composing the share capital: 40 873 551
- Total number of shares with voting rights: 40 802 918
Ordinary part | Extraordinary part | ||||||||||||||
Shareholders | Shares | Votes | Shareholders | Shares | Votes | ||||||||||
Shareholders | 1 | 50 | 50 | 1 | 50 | 50 | |||||||||
present | |||||||||||||||
0 | 0 | 0 | 0 | 0 | |||||||||||
Proxy to third | 0 | ||||||||||||||
parties | |||||||||||||||
119 | 122 188 | 153 298 | 119 | 122 188 | 153 298 | ||||||||||
Proxy to the | |||||||||||||||
Chairman | |||||||||||||||
Mail votes | 87 | 27 741 130 | 39 165 996 | 87 | 27 741 130 | 39 165 996 | |||||||||
TOTAL | 207 | 27 863 368 | 39 319 344 | 207 | 27 863 368 | 39 319 344 | |||||||||
Quorum | 68,287% | 68,287% | |||||||||||||
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PRESS RELEASE
Proportion | ||||||||||||||||||||||||||||||||
of | ||||||||||||||||||||||||||||||||
represented | Total | For | Against | Abstention | ||||||||||||||||||||||||||||
Number of | share | |||||||||||||||||||||||||||||||
State of | number of | |||||||||||||||||||||||||||||||
Resolutions | represented | capital | ||||||||||||||||||||||||||||||
adoption | votes cast | |||||||||||||||||||||||||||||||
shares | (%) | |||||||||||||||||||||||||||||||
Number of | in % of votes | Number of | in % of votes | Number of | in % of the | |||||||||||||||||||||||||||
total voting | ||||||||||||||||||||||||||||||||
votes | cast | votes | cast | votes | ||||||||||||||||||||||||||||
rights | ||||||||||||||||||||||||||||||||
Resolution 1 - OGM | Adopted | 27 863 368 | 68,169% | 39 319 199 | 39 318 749 | > 99,99% | 450 | < 0,01% | 145 | - | ||||||||||||||||||||||
Resolution 2 - OGM | Adopted | 27 863 368 | 68,169% | 39 319 199 | 39 318 749 | > 99,99% | 450 | < 0,01% | 145 | - | ||||||||||||||||||||||
Resolution 3 - OGM | Adopted | 27 863 368 | 68,169% | 39 319 199 | 39 318 749 | > 99,99% | 450 | < 0,01% | 145 | - | ||||||||||||||||||||||
Resolution 4 - OGM | Adopted | 27 863 368 | 68,169% | 39 319 199 | 39 318 749 | > 99,99% | 450 | < 0,01% | 145 | - | ||||||||||||||||||||||
Resolution 5 - OGM | Adopted | 27 863 368 | 68,169% | 39 319 199 | 39 318 749 | > 99,99% | 450 | < 0,01% | 145 | - | ||||||||||||||||||||||
Resolution 6 - OGM | Adopted | 27 863 368 | 68,169% | 39 318 514 | 36 715 609 | 93,38% | 2 602 905 | 6,62% | 830 | - | ||||||||||||||||||||||
Resolution 7 - OGM | Adopted | 27 863 368 | 68,169% | 39 318 514 | 36 715 574 | 93,38% | 2 602 940 | 6,62% | 830 | - | ||||||||||||||||||||||
Resolution 8 - OGM | Adopted | 27 863 368 | 68,169% | 39 318 505 | 38 457 624 | 97,81% | 860 881 | 2,19% | 839 | - | ||||||||||||||||||||||
Resolution 9 - OGM | Adopted | 27 863 368 | 68,169% | 38 699 850 | 38 597 606 | 99,74% | 102 244 | 0,26% | 619 494 | - | ||||||||||||||||||||||
Resolution 10 - OGM | Adopted | 27 863 368 | 68,169% | 38 699 850 | 38 597 606 | 99,74% | 102 244 | 0,26% | 619 494 | - | ||||||||||||||||||||||
Resolution 11 - OGM | Adopted | 27 863 368 | 68,169% | 39 318 514 | 38 674 432 | 98,36% | 644 082 | 1,64% | 830 | - | ||||||||||||||||||||||
Resolution 12 - OGM | Adopted | 27 863 368 | 68,169% | 39 318 234 | 39 317 709 | > 99,99% | 525 | < 0,01% | 1 110 | - | ||||||||||||||||||||||
Resolution 13 - OGM | Adopted | 27 863 368 | 68,169% | 39 317 594 | 38 598 105 | 98,17% | 719 489 | 1,83% | 1 750 | - | ||||||||||||||||||||||
Resolution 14 - OGM | Adopted | 27 863 368 | 68,169% | 39 317 594 | 38 698 105 | 98,42% | 619 489 | 1,58% | 1 750 | - | ||||||||||||||||||||||
Resolution 15 - EGM | Adopted | 27 863 368 | 68,169% | 39 317 594 | 37 954 167 | 96,53% | 1 363 427 | 3,47% | 1 750 | - | ||||||||||||||||||||||
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PRESS RELEASE
Proportion | ||||||||||
of | ||||||||||
represented | Total | For | Against | Abstention | ||||||
Number of | share | |||||||||
State of | number of | |||||||||
Resolutions | represented | capital | ||||||||
adoption | votes cast | |||||||||
shares | (%) | |||||||||
in % of the | ||||||||||
Number of | in % of votes | Number of | in % of votes | Number of | ||||||
total voting | ||||||||||
votes | cast | votes | cast | votes | ||||||
rights | ||||||||||
Resolution 16 - EGM | Adopted | 27 863 368 | 68,169% | 39 317 594 | 37 954 242 | 96,53% | 1 363 352 | 3,47% | 1 750 | - |
Resolution 17 - EGM | Adopted | 27 863 368 | 68,169% | 39 317 534 | 39 317 009 | > 99,99% | 525 | < 0,01% | 1 810 | - |
Resolution 18 - EGM | Adopted | 27 863 368 | 68,169% | 39 317 594 | 39 316 769 | > 99,99% | 825 | < 0,01% | 1 750 | - |
Resolution 19 - EGM | Adopted | 27 863 368 | 68,169% | 39 319 179 | 37 080 780 | 94,31% | 2 238 399 | 5,69% | 165 | - |
Resolution 20 - EGM | Adopted | 27 863 368 | 68,169% | 39 319 179 | 39 102 826 | 99,45% | 216 353 | 0,55% | 165 | - |
Resolution 21 - EGM | Adopted | 27 863 368 | 68,169% | 39 319 179 | 36 438 322 | 92,67% | 2 880 857 | 7,33% | 165 | - |
Resolution 22 - EGM | Adopted | 27 863 368 | 68,169% | 39 319 179 | 36 408 145 | 92,60% | 2 911 034 | 7,40% | 165 | - |
Resolution 23 - EGM | Adopted | 27 863 368 | 68,169% | 39 291 157 | 36 408 141 | 92,66% | 2 883 016 | 7,34% | 28 187 | - |
Resolution 24 - EGM | Adopted | 27 863 368 | 68,169% | 39 319 179 | 36 436 876 | 92,67% | 2 882 303 | 7,33% | 165 | - |
Resolution 25 - EGM | Adopted | 27 863 368 | 68,169% | 39 291 157 | 36 407 845 | 92,66% | 2 883 312 | 7,34% | 28 187 | - |
Resolution 26 - EGM | Adopted | 27 863 368 | 68,169% | 39 319 179 | 36 435 802 | 92,67% | 2 883 377 | 7,33% | 165 | - |
Resolution 27 - EGM | Adopted | 27 863 368 | 68,169% | 39 319 179 | 36 436 856 | 92,67% | 2 882 323 | 7,33% | 165 | - |
Resolution 28 - EGM | Adopted | 27 863 368 | 68,169% | 39 319 179 | 36 438 298 | 92,67% | 2 880 881 | 7,33% | 165 | - |
Resolution 29 - EGM | Adopted | 27 863 368 | 68,169% | 39 319 179 | 36 438 298 | 92,67% | 2 880 881 | 7,33% | 165 | - |
Resolution 30 - EGM | Rejected | 27 863 368 | 68,169% | 39 291 157 | 15 594 865 | 39,69% | 23 696 292 | 60,31% | 28 187 | - |
Resolution 31 - EGM | Adopted | 27 863 368 | 68,169% | 39 319 179 | 39 318 434 | > 99,99% | 745 | < 0,01% | 165 | - |
Resolution 32 - EGM | Adopted | 27 863 368 | 68,169% | 39 318 989 | 36 436 917 | 92,67% | 2 882 072 | 7,33% | 355 | - |
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PRESS RELEASE
Proportion | |||||||||||
of | |||||||||||
represented | Total | For | Against | Abstention | |||||||
Number of | share | ||||||||||
State of | number of | ||||||||||
Resolutions | represented | capital | |||||||||
adoption | votes cast | ||||||||||
shares | (%) | ||||||||||
in % of the | |||||||||||
Number of | in % of votes | Number of | in % of votes | Number of | |||||||
total voting | |||||||||||
votes | cast | votes | cast | votes | |||||||
rights | |||||||||||
Resolution 33 - EGM | Adopted | 27 863 368 | 68,169% | 39 291 177 | 36 409 030 | 92,66% | 2 882 147 | 7,34% | 28 167 | - |
Resolution 34 - EGM | Adopted | 27 863 368 | 68,169% | 39 290 987 | 36 405 930 | 92,66% | 2 885 057 | 7,34% | 28 357 | - |
Resolution 35 - EGM | Adopted | 27 863 368 | 68,169% | 39 319 199 | 39 318 749 | > 99,99% | 450 | < 0,01% | 145 | - |
Resolution 36 - OGM | Adopted | 27 863 368 | 68,169% | 39 319 199 | 39 318 749 | > 99,99% | 450 | < 0,01% | 145 | - |
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PRESS RELEASE
About Inventiva
Inventiva is a clinical-stage biopharmaceutical company focused on the research and development of oral small molecule therapies for the treatment of NASH and other diseases with significant unmet medical need. The Company benefits from a strong expertise and experience in the domain of compounds targeting nuclear receptors, transcription factors and epigenetic modulation. Inventiva's lead product candidate, lanifibranor, is currently in a pivotal Phase III clinical trial, NATiV3, for the treatment of adult patients with NASH, a common and progressive chronic liver disease for which there are currently no approved therapies.
The Company has established a strategic collaboration with AbbVie in the area of autoimmune diseases that resulted in the discovery of the drug candidate cedirogant (ABBV-157), an oral RORγ inverse agonist which is being evaluated in a Phase IIb clinical trial, led by AbbVie, in adult patients with moderate to severe chronic plaque psoriasis. Inventiva's pipeline also includes odiparcil, a drug candidate for the treatment of adult mucopolysaccharidoses (MPS) VI patients. As part of Inventiva's decision to focus clinical efforts on the development of lanifibranor, it suspended clinical efforts relating to odiparcil and is reviewing available options with respect to its potential further development. Inventiva is in the process of selecting an oncology development candidate for its Hippo signalling pathway program.
The Company has a scientific team of approximately 80 people with deep expertise in the fields of biology, medicinal and computational chemistry, pharmacokinetics and pharmacology, and clinical development. It owns an extensive library of approximately 240,000 pharmacologically relevant molecules, approximately 60% of which are proprietary, as well as a wholly-owned research and development facility.
Inventiva is a public company listed on compartment C of the regulated market of Euronext Paris (ticker: IVA -
ISIN: FR0013233012) and on the Nasdaq Global Market in the United States (ticker: IVA). www.inventivapharma.com.
Important Notice
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release are forward-looking statements. These statements include, but are not limited to, forecasts and estimates with respect to Inventiva's pipeline and preclinical and clinical development plans, future activities, expectations, plans, growth and prospects of Inventiva and the sufficiency of Inventiva's cash resources and cash runway; and whether or to what extent Inventiva may use the share repurchase program and the objectives of any use of the share repurchase program or may undertake any transactions with respect to its securities as authorized by the resolutions approved at the Combined Shareholders' Meeting. Certain of these statements, forecasts and estimates can be recognized by the use of words such as, without limitation, "believes", "anticipates", "expects", "intends", "plans", "seeks", "estimates", "may", "will", "would", "could", "might", "should", and "continue" and similar expressions. Such statements are not historical facts but rather are statements of future expectations and other forward-looking statements that are based on management's beliefs. These statements reflect such views and assumptions prevailing as of the date of the statements and involve known and unknown risks and uncertainties that could cause future results, performance or future events to differ materially from those expressed or implied in such statements. Future events are difficult to predict and may depend upon factors that are beyond Inventiva's control. There can be no guarantees with respect to pipeline product candidates that the clinical trial results will be available on their anticipated timeline, that future clinical trials will be initiated as anticipated, that product candidates will receive the necessary regulatory approvals, or that any of the anticipated milestones by Inventiva or its partners will be reached on their expected timeline, or at all. Actual results may turn out to be materially different from the anticipated future results, performance or achievements expressed or implied by such statements, forecasts and estimates, due to a number of factors, including that Inventiva is a clinical-stage company with no approved products and no historical product revenues, Inventiva has incurred significant losses since inception, Inventiva has a limited operating history and has never generated any revenue from product sales, Inventiva will require additional capital to finance its operations, Inventiva's future success is dependent on the successful clinical development, regulatory approval and subsequent commercialization of current and any future product candidates, preclinical studies or earlier clinical trials are not necessarily predictive of future results and the results of Inventiva's clinical trials may not support Inventiva's product candidate claims,
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Inventiva SA published this content on 20 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2022 20:04:08 UTC.