Speedel invites shareholders to extraordinary general meeting

Four new members from Novartis recommended for election to the Board

(PresseBox) ( Basel, )
Speedel Holding Ltd. (SWX: SPPN) today published the invitation for the Extraordinary General Meeting (EGM) to be held on 14 August 2008. A key agenda item is the election of new members to the Speedel Board of Directors. The Board of Directors recommends the election of Dr. Raymund Breu, Joseph Jimenez, Jonathan Peacock and Joerg Walther as new members to the Board. Each person recommended is currently employed by the Novartis Group.

Dr. Bradley J. Bolzon and Prof. Michel Burnier, who are current members of the Board, will resign effective with the EGM. Dr. Fritz Kunz and Dr. Ernst Schweizer will continue to serve on Speedel's Board of Directors.

The EGM will be held on Thursday 14 August 2008 starting at 11:00 a.m. (CET) at the Hilton-Hotel Basel, Aeschengraben 31, CH-4051 Basel, Switzerland. The doors will open at 10:30 a.m.

The invitation is being sent today to all registered shareholders. The admission cards required for participation at the EGM, along with the voting material, will be sent to the registered shareholders upon receipt of the registration card for the EGM and will be issued in accordance with the registration in the share register of Speedel Holding Ltd as of 4 August 2008, 05:00 p.m.

Shareholders may address any enquiries about their shareholding or the procedure for voting at the EGM to:SAG SIS Aktienregister AG,Baslerstrasse 90,CH-4600 Olten,Switzerland.

Forward looking statements

This press release includes forward-looking statements that involve substantial risks and uncertainties. These forward-looking statements are based on our current expectations and projections about future events. All statements, other than statements of historical facts, regarding our strategy, future operations, future financial position, future revenues, projected costs, prospects, plans and objectives of management are forward-looking statements. The word "may" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations described in these forward-looking statements and you should not place undue reliance on them. There can be no assurance that actual results of our research and development activities and our results of operations will not differ materially from these expectations. Factors that could cause actual results to differ from expectations include, among others: our or our partners' ability to develop safe and efficacious products; our or our partners' ability to achieve positive results in clinical trials; our or our partners' ability to obtain marketing approval and market acceptance for our product candidates; our ability to enter into future collaboration and licensing agreements; the impact of competition and technological change; existing and future regulations affecting our business; changes in governmental oversight of pharmaceutical product development; the future scope of our patent coverage or that of third parties; the effects of any future litigation; general economic and business conditions, both internationally and within our industry, including exchange rate variations; and our future financing plans.

[1] Rasilez/Tekturna® are Novartis trademarks.
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