Lagos, Nigeria, 2nd April 2026
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC - RESOLUTIONS PASSED AT THE COURT ORDERED MEETING OF THE COMPANY
At the Court Ordered Meeting of Neimeth International Pharmaceuticals Plc. held virtually on Tuesday, 31st March 2026, the following special resolutions were duly passed:
"That the Scheme of Arrangement as contained in the Scheme Document dated the 25thday of February 2026 a printed copy of which has been presented at the Court-Ordered Meeting and, for purposes of identification, endorsed by the Chairman, be and is hereby approved; and that the Directors of the Company be and are hereby authorised to consent to any modification of the Scheme Document that the Securities and Exchange Commission ("SEC") and/or the Court shall deem fit to impose and approve."
"In accordance with the Scheme of Arrangement, the reduction of the Share Premium Account from N2,377,756,000.00 to N390,017,000 and the transfer of the sum of N1,987,739,000.00 by which the Share Premium is reduced, to the Revenue Reserve Account, be and is hereby approved."
"The Board of Directors of the Company be and is hereby authorized to do all such things and take all such actions as are required to give effect to the Scheme, including consenting to any modifications of the Scheme of Arrangement or any conditions that the Securities and Exchange Commission or the Court may think fit to approve or impose."
"That the Solicitors of the Company be directed to seek orders of the Court sanctioning the Scheme and the foregoing resolutions, as well as such incidental, consequential and supplemental orders as are necessary or required to give full effect to the Scheme."
"That, the Board be and is hereby authorized to do all such other acts or things as may be necessary, incidental, consequential, or supplemental in order to give full effect to the Scheme and the foregoing resolutions."
CHINENYE. S. ADEKANMBI
Company Secretary