CMOTEC B
ChemoTech proposes expanded business activities, name change & received proposal on directed issue
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The board of directors of Scandinavian ChemoTech AB (publ) (“ChemoTech” or the “Company”) has received a proposal from the Company’s shareholder Martin Jerndal on a directed issue of a maximum of 761,191 class A shares (the “Directed Issue”) to be resolved by the Annual General Meeting 2026 (the “AGM”). The Directed Issue amounts to approximately SEK 2.55 million and the Company’s CEO, members of the board and current investors are proposed to subscribe for the new class A shares should the AGM approve the resolution.
The Company has further been evaluating various strategic directions for the Company. As a result of that evaluation, the board of directors has decided to propose that the Company's business is extended to include consulting services in business development and organization within veterinary and human medicine sectors, as well as asset management activities. The proposed changes represent an expansion of ChemoTech's existing business rather than a fundamental change in business direction. The Company's core medical technology activities will continue, with consulting services and asset management providing additional complementary capabilities. This expansion builds upon ChemoTech's existing expertise and relationships within the medical technology sector, extending the Company's capabilities to provide broader business development and strategic support services.
To better reflect this expanded scope of activities, the Company also intends to change the Company’s name to Neem's Hill AB. To facilitate this transition, the board of directors of ChemoTech intends to propose amendments of the Company’s articles of association during the AGM to be held on 5 May 2026. The notice to the AGM will be published through a separate press release.