Myriad Group AG announces Extraordinary General Meeting to be held on 24 August 2017, to approve capital increase and nomination of new Director

ZURICH, Switzerland – 27 July 2017 – Myriad Group AG (SIX Swiss Exchange: MYRN) announces today an Extraordinary General Meeting (EGM) to be held on 24 August 2017 to approve an increase of its Ordinary Share Capital, enabling the Company to proceed with a rights issue of 37,417,204 ordinary shares at a subscription price of CHF 0.50 per share.

The full agenda is as follows:

1. Ordinary Capital Increase
The Board of Directors proposes to increase the share capital of Myriad Group AG as follows:

− Capital increase from CHF 11,225,161.30 to a maximum of CHF 14,966,881.70, through issuing a maximum amount of 37,417,204 fully paid up registered shares, with a nominal value of CHF 0.10 each, at an issue price of CHF 0.50 each.
− The new shares shall be entitled to dividends as from 1 January 2018.
− The capital contributions for the new registered shares are to be made in cash.
− The new shares do not bear any preferential rights.
− The statutory subscription rights of the shareholders (Bezugsrechte) are granted. The subscription ratio shall be 3:1, i.e. three registered shares with a nominal value of CHF 0.10 each entitle to the subscription of one new registered share with a nominal value of CHF 0.10 at the issue price of CHF 0.50 (i.e. at a premium of CHF 0.40). Subscription rights are going to be tradeable.
− The Board of Directors will make use of non-exercised subscription rights in the Company’s best interest.
− The Board of Directors shall carry out the capital increase and shall register the capital increase with the Commercial Register within three months.

2. Increase of the Conditional Share Capital according to §3a of the Articles of Incorporation

The Board of Directors proposes to increase the conditional share capital by CHF 593,316.40 up to CHF 1,496,688.10 and to amend §3a of the Articles of Incorporation as follows:

The share capital shall be increased through the issuance of a maximum of 14,966,881 registered shares, each fully paid in, with a par value of CHF 0.10 each, in the maximum aggregate amount of CHF 1,496,688.10 by exercise of option rights, which are granted to the members of the Board of Directors and employees of the Company and its subsidiaries according to one or several employee share option plans as approved by the Board of Directors. The subscription rights (Bezugsrechte) of the shareholders with respect to these shares shall be excluded.”

3. Election of a new Member of the Board of Directors

The Board of Directors proposes to elect Mr. Leonardo De Luca, Uetikon am See (Switzerland), as a new member of the Board of Directors for a term until the next annual general meeting.

Mr De Luca is a member of the Swiss Chamber of Auditors and Tax Experts and since March 2006 has served as Chairman of Helvetic Airways. He has previously held positions within the Corporate Finance team at BZ Bank Ltd, as the Head of Swiss Equity Research at UBS Investment Bank and had 11 years’ experience managing audit teams with PricewaterhouseCoopers. Mr De Luca is currently running his own M&A advisory business.

Information on Myriad’s EGM and next investor update
We will hold our next investor update and the EGM in the Visitors Room on Observation Deck B at Zurich Airport.

The investor update, which is open to all interested parties, will include business and technology presentations by Myriad management and a detailed Q&A session. This will begin at 09:30am CET.

The EGM, for registered shareholders only, will begin at 11:30am CET.

ENDS

About Myriad
Myriad Group is driving the Internet economy through delivery of infrastructure and innovative services, embedded software, consumer applications and the Internet of Things with first-of-its-kind solutions. With mobile and digital transformation an absolute priority on the corporate agenda for enterprises globally, Myriad Group’s technologies are helping the world’s leading organisations to accelerate growth, fuel innovation, drive productivity and efficiency improvements and engage and build trust with consumers.

The Company has its headquarters in Zurich, Switzerland, and principal offices in London, Chengdu, Paris and Mexico City.

Investor Relations Enquiries:
Peter McCormack
Myriad Group AG
Tel. +44 161 817 8075
Email: investor_relations@myriadgroup.com

Andrés Luther
Hirzel.Neef.Schmid.Konsulenten
Tel. +41 43 344 42 42
Email: andres.luther@konsulenten.ch