Galapagos increases share capital through warrant exercises
(Thomson Reuters ONE) -
Mechelen, Belgium; 1 July 2011 - Galapagos NV (Euronext: GLPG) announced today a
capital increase arising from employee warrant exercises.
Since its inception in 1999, Galapagos has used warrant plans to incentivize
personnel and management and have them share in the success of the company.
Following warrant exercises during the exercise period in June 2011, Galapagos
issued 8,386 new ordinary shares on 30 June 2011 for a total capital increase
(including issuance premium) of ?72,203.46. No member of the Board or Executive
Committee exercised warrants.
To date, Galapagos' total share capital amounts to ?142,920,142.06; the total
number of securities conferring voting rights is 26,419,866, which is also the
total number of voting rights (the "denominator"), and all securities conferring
voting rights and all voting rights are of the same category. The total number
of rights (warrants) to subscribe to not yet issued securities which confer
voting rights is 2,613,758, which is also the total number of voting rights that
may result from the exercise of these warrants. This total may be increased by
a maximum of 934,240 warrants, should all warrants offered under recently
created warrant plans (and for which the acceptance period is still ongoing) be
accepted. Galapagos does not have any convertible bonds or shares without
voting rights outstanding.
About Galapagos
Galapagos (Euronext: GLPG; OTC: GLPYY) is a mid-size biotechnology company
specialized in the discovery and development of small molecule and antibody
therapies with novel modes-of-action. The Company is progressing one of the
largest pipelines in biotech, with six programs in development and over 50
discovery programs. Through risk/reward-sharing alliances with GlaxoSmithKline,
Eli Lilly, Janssen Pharmaceutica, Roche and Servier, Galapagos is eligible to
receive up to ?2.5 billion in downstream milestones, plus royalties. The
Galapagos Group has about 800 employees and operates facilities in six
countries, with global headquarters in Mechelen, Belgium. More info
at:www.glpg.com
CONTACT
Elizabeth Goodwin, Director Investor Relations
Tel: +31 6 2291 6240
ir(at)glpg.com
This release may contain forward-looking statements, including, without
limitation, statements containing the words "believes," "anticipates,"
"expects," "intends," "plans," "seeks," "estimates," "may," "will," "could,"
"stands to," and "continues," as well as similar expressions. Such forward-
looking statements may involve known and unknown risks, uncertainties and other
factors which might cause the actual results, financial condition, performance
or achievements of Galapagos, or industry results, to be materially different
from any historic or future results, financial conditions, performance or
achievements expressed or implied by such forward-looking statements. Given
these uncertainties, the reader is advised not to place any undue reliance on
such forward-looking statements. These forward-looking statements speak only as
of the date of publication of this document. Galapagos expressly disclaims any
obligation to update any such forward-looking statements in this document to
reflect any change in its expectations with regard thereto or any change in
events, conditions or circumstances on which any such statement is based, unless
required by law or regulation.
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Galapagos NV via Thomson Reuters ONE
[HUG#1527755]
Unternehmensinformation / Kurzprofil:
Datum: 01.07.2011 - 18:00 Uhr
Sprache: Deutsch
News-ID 56074
Anzahl Zeichen: 4433
contact information:
Town:
Mechelen
Kategorie:
Business News
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