Results of the Combined General Meeting of 28 June 2024

Rhea-AI Summary

PHAXIAM Therapeutics (Euronext: PHXM) announced the results of its Combined General Meeting held on June 28, 2024. Shareholders approved all recommended resolutions, including the annual financial statements for the year ending December 31, 2023, allocation of the year's results, and the remuneration policy for executives. Key approvals included the stock option plan, the appointment of Valérie Faillat as Director, and the delegation of powers to issue shares or convertible securities. Additionally, the Board received authorization to grant free shares, share options, and share warrants to company officers and employees. Full documentation and detailed results are available on the company's website.

Positive

• Shareholders approved the annual financial statements for the year ending December 31, 2023.
• Approval of the remuneration and benefits paid to key executives for the financial year.
• Confirmation of Valérie Faillat's appointment as Director.
• Delegation of powers to the Board to issue shares or convertible securities, enhancing financial flexibility.
• Authorization for the Board to implement a stock option plan and grant free shares.

Negative

• None.

Lyon (France) and Cambridge (MA, US), 28 June 2024 - 5.45 pm CEST - PHAXIAM Therapeutics (Euronext: PHXM; FR0011471135), a biopharmaceutical company developing innovative treatments for severe and resistant bacterial infections, announces the results of the shareholder vote following the Combined General Meeting held today, 28 June 2024, at the head office, located 60 avenue Rockefeller, 69008, Lyon.

The shareholders approved all the resolutions on which the Board of Directors recommended a favorable vote. The resolutions adopted were as follows:

• Approval of the annual financial statements and consolidated financial statements for the year ended 31 December 2023,
• Allocation of the result of the year,
• Approval of the Statutory Auditors' special report on regulated agreements and commitments,
• Approval of the total remuneration and benefits paid or granted in respect of the financial year ended 31 December 2023 to Gil Beyen, Jean-Paul Kress, Thibaut du Fayet and Didier Hoch and of the remuneration policy for executive officers and members of the Board of Directors,
• Approval of the terms and conditions of the stock option plan adopted by the Board of Directors on 14 November 2023,
• Confirmation of the appointment of Valérie Faillat as Director,
• Delegation of powers to the Board of Directors to issue shares or other securities convertible into shares to be issued immediately or in the future by the Company, with or without pre-emptive subscription rights for shareholders,
• Authorization for the Board of Directors to grant free shares, share subscription and/or share purchase options and/or to issue share warrants to officers and employees of the Company or companies in the PHAXIAM Therapeutics group,
• Amendments to the by-laws.
  
  

The documentation and full results of all the resolutions adopted can be consulted on the Company's website (www.phaxiam.com) in the section Investors/General Meetings.

About PHAXIAM Therapeutics

PHAXIAM is a biopharmaceutical company developing innovative treatments for resistant bacterial infections, which are responsible for many serious infections. The company is building on an innovative approach based on the use of phages, natural bacterial-killing viruses. PHAXIAM is developing a portfolio of phages targeting 3 of the most resistant and dangerous bacteria, which together account for more than two-thirds of resistant hospital-acquired infections: Staphylococcus aureus, Escherichia coli and Pseudomonas aeruginosa.

PHAXIAM is listed on the Euronext regulated market in Paris (ISIN code: FR0011471135, ticker: PHXM). PHAXIAM is part of the CAC Healthcare, CAC Pharma & Bio, CAC Mid & Small, CAC All Tradable, EnterNext PEA-PME 150 and Next Biotech indexes.

For more information, please visit www.phaxiam.com

Contacts

PHAXIAM Eric Soyer COO & CFO +33 4 78 74 44 38 investors@phaxiam.com

NewCap Mathilde Bohin / Dušan Orešanský Investor Relations Arthur Rouillé Media Relations +33 1 44 71 94 94 phaxiam@newcap.eu

Forward-looking information

This press release contains forward-looking statements, forecasts and estimates with respect to the clinical programs, development plans, business and regulatory strategy and anticipated future performance of PHAXIAM and of the market in which it operates. 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” and “continue” and similar expressions. All statements contained in this press release other than statements of historical facts are forward-looking statements. Such statements, forecasts and estimates are based on various assumptions and assessments of known and unknown risks, uncertainties and other factors, which were deemed reasonable when made but may or may not prove to be correct. Actual events are difficult to predict and may depend upon factors that are beyond PHAXIAM's control. Therefore, 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. Investor should carefully read the risk factors section of the Company which can be found in the Company’s regulatory filings with the French Autorité des Marchés Financiers (AMF), including in the Company’s 2023 Universal Registration Document (Document d’Enregistrement Universel) filed with the AMF on April 5, 2024 and future filings and reports by the Company. Given these uncertainties, no representations are made as to the accuracy or fairness of such forward-looking statements, forecasts and estimates. Furthermore, forward-looking statements, forecasts and estimates only speak as of the date of this press release. PHAXIAM disclaims any obligation to update any such forward-looking statement, forecast or estimates to reflect any change in PHAXIAM’s expectations with regard thereto, or any change in events, conditions or circumstances on which any such statement, forecast or estimate is based, except to the extent required by law.

Attachment

• PR_PHAXIAM_2024_Results Combined General Meeting_EN - Vdef

FAQ

What was announced in PHAXIAM Therapeutics' June 28, 2024 press release?

PHAXIAM Therapeutics announced the results of its Combined General Meeting, where all board-recommended resolutions were approved by shareholders.

What key resolutions were approved in PHAXIAM Therapeutics' meeting on June 28, 2024?

Shareholders approved the annual financial statements, allocation of results, executive remuneration, stock option plan, and the appointment of Valérie Faillat as Director.

What does the delegation of powers to issue shares mean for PHAXIAM Therapeutics (PHXM)?

The delegation of powers allows the Board of Directors to issue shares or convertible securities, providing financial flexibility for future operations.

What financial year did the approved annual financial statements cover in PHAXIAM Therapeutics' meeting?

The approved annual financial statements covered the year ending December 31, 2023.

What authorization did the Board of Directors receive regarding stock options in PHAXIAM Therapeutics' June 28, 2024 meeting?

The Board was authorized to grant free shares, share options, and share warrants to officers and employees of the company.