United Terra Enterprises PLC Provides Results of General Meeting

Ruggell, Liechtenstein – EQS Newswire – 11 November 2023 – United Terra Enterprises PLC (“UTP” or the “Firm”) is happy to announce that the Firm held a Normal Assembly on October 25, 2023. Through the assembly, a capital enhance was accredited to problem 55,141,818 new Title Shares of the Firm (“Shares”). The Shares can be utilized to trade for shares of Eurybia AG, Switzerland pursuant to contracts for a contribution in type concluded between registered shareholders of Eurybia AG and UTP. Upon completion of this share trade, UTP will maintain a complete of 137,306,639 shares of Eurybia AG, representing 96.8% of the registered shares of Eurybia AG at that date. Following the Normal Assembly additional contracts for a contribution in type have been signed by shareholders of Eurybia AG. When the implementation of those extra agreements is accomplished, UTP will maintain a complete of 139,498,194 shares of Eurybia AG.

The capital enhance was primarily based on an skilled report of BDO (Liechtenstein) AG and after the completion of the capital enhance, the Firm could have a share capital of CHF16,476,796.68 divided into 137,306,639 shares.

The Firm intends to finish the share trade for the remaining shareholders who elect to take action by means of a further capital enhance by means of the Board of Administrators, which was accredited on the Normal Assembly and can happen within the coming weeks.

Moreover, the Board of Administrators and administration had been elected on the Normal Assembly and particulars of their election will observe in a subsequent press launch.

The Firm’s Chairman, Hans-Peter Vogt mentioned: “We’re pleased with the progress that has been made thus far, particularly with the formation of the Firm, the appointment of the Board of Administrators and administration and the excessive participation charge among the many shareholders of Eurybia AG within the share trade. We notice that beforehand unregistered shares have develop into registered and take that as a optimistic signal that extra shareholders of Eurybia AG are getting ready to take part within the share trade.”

If you want extra data, contact the Firm both through e-mail information@unitedterra.enterprises or by phone at +423 236 40 10.