EMC announces the results of the Extraordinary General Meeting of Shareholders
United Medical Group CY PLC (the "Company", and together with its subsidiaries – the "Group" or "EMC", MOEX: GEMC), the leading multidisciplinary provider of premium medical services in Russia, operating under the brand "European Medical Center", announces the results of the Extraordinary General Meeting of Shareholders held on August 31, 2023.
The agenda of the meeting included questions about the redomicilation of the Company into the Special Administrative Region (SAR) Oktyabrsky Island of the Kaliningrad Region of the Russian Federation and the introduction of appropriate amendments to the Company's Charter.
The meeting, held in absentia, was attended by the owners of 73,082,600 or 80.2% of the outstanding voting shares of the Company. Positive decisions have been made on both issues of the agenda. Votes "For" – 73,082,600, "Abstained" – 0, "Against" – 0.
The process of redomicilation depends on certain decisions of the regulatory authorities of the Republic of Cyprus, while obtaining these permits is not guaranteed. Also, the terms of redomicilation may be affected by changes in current legislation. Upon completion of the process, the Company will maintain the current program of depositary receipts with a listing on the Moscow Stock Exchange.
About the company
EMC is a leading multidisciplinary provider of premium healthcare services in Russia with the longest track record of any major private healthcare business in this market.[ According to EMC’s estimates.] EMC is a fully integrated healthcare services provider offering a comprehensive range of diversified medical services, and has advanced capabilities in more than 57 specialisations, differentiating it from the competition in Russia. The company utilises a patient-centric approach to its healthcare services offering, which allows it to provide patients with a full range of diagnostics and treatment services as well as offer tailor-made medical care.
EMC also is a leading Russian provider of cancer treatment with extensive expertise in a full range of modern oncology treatment methods, state-of-the-art facilities and equipment as well as renowned experts with international experience.
EMC’s network comprises seven multidisciplinary medical centres, one maternity centre and one rehabilitation centre (with a total built-up area of approximately 87 thousand square metres), as well as three geriatric centres (with a total built-up area of approximately 14 thousand square metres).
Company’s depository receipts have traded on Moscow Exchange since July 15, 2021, under the ticker “GEMC”.
Head of Investor Relations
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