Results of Annual General Meeting

01.07.2009

 

RESULTS OF ANNUAL GENERAL MEETING

 

Moscow, 01 July, 2009 – JSC Pharmstandard (LSE: PHST LI, RTS: PHST RU) announces the results of its annual general meeting of shareholders held on June 30, 2009.

Based on the voting results, the annual general meeting of shareholders has taken the following resolutions:

 

  1. To approve annual report of JSC Pharmstandard for 2008;
  2. To approve annual accounting statements, profit-and-loss statements of JSC Pharmstandard, and also distribution of the Company's profit, based on the results of  2008;
  3. Not to pay dividends for the 2008;
  4. To elect the following members of the Board of Directors of JSC Pharmstandard:
  1.  
    • Arkhangelskaya Elena Vladimirovna;
    • Goryunov Roman Yurievich;
    • Dushelikhinsky Sergey Yurievich;
    • Kharitonin Victor Vladimirovich;
    • Krylov Igor Konstantinovich;
    • Kulkov Egor Nikolaevich;
    • Mileyko Pavel Petrovich;
    • Pevzner Alexander Markovich;
    • Pokrovskaya Olga Alexandrovna;
    • Tyryshkin Ivan Alexandrovich;
    • Fedlyuk Viktor Pavlovich;
  1. To elect the following members of the Audit Committee of JSC Pharmstandard:
  1.  
    • Kuznetsov Andrey Vladimirovitch;
    • Russkikh Natalia Sergeevna;
    • Minina Irina Alekseevna;
  1. To approve auditors of JSC Pharmstandard for 2009:
  1.  
    • under Russian law – Gorislavtsev & Co;
    • international audit – Ernst & Young;
  1. To approve the new edition of the Charter of JSC Pharmstandard;
  2. To approve the new edition of Regulation of the Board of Directors of JSC Pharmstandard.

 

 

Contacts:

JSC Pharmstandard

Anton Golubok

Tel: +7 495 970 0030 ext 2029

E-mail: ir@pharmstd.ru

www.pharmstd.ru

 

 

***

 

 

Pharmstandard is the leading Russian pharmaceutical company. According to Pharmexpert Marketing Research Centre, it holds the top position in the domestic pharmaceutical market retail segment and the second position among Russian pharmaceutical companies overall. Pharmstandard is the only Russian company among the top ten Russian pharmaceutical market operators.

Pharmstandard portfolio includes over 200 products used in the treatment of diabetes, growth hormone deficiency, cardiovascular diseases, gastroenterological and neurological disorders, infectious diseases, cancer, etc. Over 90 products offered by Pharmstandard are included in the List of Vital Pharmaceutical Products.

Pharmstandard products are well known to Russian consumers. Among our market-leading brands are Arbidol ®, Complivit®, Pentalgin®, Flucostat®, Codelac®, Phosphogliv®, Amiksin® and Afobazol®. Arbidol® is the leading brand on the Russian pharmaceutical market. Its antiviral action has been studied in international research centers. Pentalgin® has been granted “BRAND #1 IN RUSSIA” award for 2008 in analgesics category. Afobazol® - new original selective anxiolytic for anxiety disorders treatment.

Pharmstandard have agreements with Grindex, Latvia on exclusive distribution and promotion of Mildronate® (cardio-vascular) and with Solvay Pharmaceuticals, France on production of IRS19® and Imudon® (immunomodulating).

In 2004–2008, we developed and introduced over 35 new pharmaceutical products. Our business priorities lie in the development of new product lines comprising genetically engineered medicines, vitamin and mineral complexes, cold relief preparations and medicines used in the treatment of cardiovascular, gastroenterological, neurological disorders and endocrinopathies. Currently, the Company is working on the development of new high-tech formulations in close cooperation with the leading Russian research centres.

Pharmstandard operates four pharmaceutical manufacturing facilities in Kursk, Ufa, Tomsk and Nizhny Novgorod and, with a production capacity of 1.3 billion packs per year. Six production lines of JSC «Pharmstandard-Leksredstva» meet GMP requirements. JSC «Pharmstandard-Leksredstva» is the first Russian pharmaceutical plant included in EudraGMP database. All plants meet Russian legislative requirements.

In addition to its pharmaceutical business, the Company also develops, manufactures, markets and sells medical equipment, such as sterilizing and distilling machines, and disposable medical products.

The Company has invested approximately RUR 3 billion in capital investments in its manufacturing facilities since 2004. Pharmstandard placed its shares on Russian Trading System (RTS) and GDRs on London Stock Exchange (LSE) during IPO in May 4, 2007. The current GDR to ordinary share ratio is 1:4. Augment Investments Limited controls 54.2% of share capital. Free float represents 45.8% of share capital (LSE – 27.5%, RTS – 18.3%).

www.pharmstd.ru

 

 

 

This press release does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire securities of JSC Pharmstandard (the “Company”) or any of its subsidiaries in any jurisdiction or an inducement to enter into investment activity. No part of this press release, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever.


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