Galapagos creates new subscription right plans
April 30 2021 - 4:01PM
Mechelen, Belgium;
30 April
2021, 22.01 CET;
regulated information ––
Galapagos NV
(Euronext & NASDAQ:
GLPG) announced today that its
supervisory
board created
2,736,250
subscription rights under
new subscription right
plans
for the benefit of the
personnel of the
company and its
subsidiaries.
On 30 April 2021, the supervisory board of
Galapagos approved “Subscription Right Plan 2021 BE”, intended for
members of personnel of the company and its Belgian subsidiaries,
“Subscription Right Plan 2021 RMV”, intended for the employees of
its French subsidiary, Galapagos SASU, and “Subscription Right Plan
2021 ROW”, intended for the employees of its other non-Belgian
subsidiaries, within the framework of the authorized capital. Under
these subscription right plans, 2,736,250 subscription rights were
created, subject to acceptances, and offered to the beneficiaries
of the plans.
The subscription rights have an exercise term of
eight years as of the date of the offer and have an exercise price
of €64.76 (the closing price of the share on Euronext Amsterdam and
Brussels on the day preceding the date of the offer). The
subscription rights are not transferable. The subscription rights
under Subscription Right Plan 2021 BE can in principle not be
exercised prior to 1 January 2025. The subscription rights under
Subscription Right Plan 2021 RMV and Subscription Right Plan 2021
ROW vest and become exercisable in instalments: with 25% of each
grant being exercisable as of 1 January 2023, 25% as of 1
January 2024 and 50% as of 1 January 2025. Each subscription
right gives the right to subscribe to one new Galapagos share.
Should the subscription rights be exercised, Galapagos will apply
for the listing of the resulting new shares on a regulated stock
market. The subscription rights as such will not be listed on any
stock market.
Galapagos’ total share capital currently amounts
to €354,359,437.71; the total number of securities conferring
voting rights is 65,511,581, 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 to subscribe to not yet issued securities
conferring voting rights is (i) 6,776,730 subscription rights under
several outstanding employee subscription right plans, which equals
6,776,730 voting rights that may result from the exercise of those
subscription rights, and (ii) one subscription right issued to
Gilead Therapeutics to subscribe for a maximum number of shares
that is sufficient to bring the shareholding of Gilead and its
affiliates to 29.9% of the actually issued and outstanding shares
after the exercise of the subscription right. This excludes the
2,736,250 subscription rights of Subscription Right Plan 2021 BE,
Subscription Right Plan 2021 RMV and Subscription Right Plan 2021
ROW, which were created subject to acceptance. Galapagos does not
have any convertible bonds or shares without voting rights
outstanding.
About Galapagos
Galapagos NV (Euronext & NASDAQ: GLPG)
discovers, develops and commercializes small molecule medicines
with novel modes of action, several of which show promising patient
results and are currently in late-stage development in multiple
diseases. Our pipeline comprises discovery through Phase 3
programs in inflammation, fibrosis and other indications. Our
ambition is to become a leading global biotech company focused on
the discovery, development and commercialization of innovative
medicines. More information at www.glpg.com.
Investors:Elizabeth GoodwinVP
Investor Relations+1 781 460 1784
Sofie Van GijselSenior Director IR +32 485 19 14
15ir@glpg.com
Media:Carmen VroonenGlobal Head
of Communications & Public Affairs+32 473 82 48 74
Kyra ObolenskySenior Director Corporate
Communications+32 491 92 64 35communications@glpg.com
Forward-looking statementsThis
release may contain forward-looking statements. Such
forward-looking statements are not guarantees of future results.
These forward-looking statements speak only as of the date of
publication of this document. Galapagos expressly disclaims any
obligation to update any forward-looking statements in this
document, unless specifically required by law or regulation.
- Galapagos creates new subscription right plans
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