TIDMGEN
Company Announcement
COPENHAGEN, Denmark; July 4, 2022 --
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Genmab A/S (Nasdaq: GMAB). On June 17, 2022 Genmab announced the
initiation of a share buy-back program to mitigate dilution from
warrant exercises and to honor our commitments under our Restricted
Stock Units program.
The share buy-back program is expected to be completed no later
than August 31, 2022 and comprises up to 370,000 shares.
The following transactions were executed under the program from
June 27, 2022 to July 1, 2022:
Average price
No. of shares (DKK) Total value (DKK)
------------------------- ------------- ----------------- -----------------
Accumulated through last
announcement 72,000 152,482,980
June 27, 2022 13,000 2,265.64 29,453,320
June 28, 2022 13,000 2,248.06 29,224,780
June 29, 2022 13,000 2,226.95 28,950,350
June 30, 2022 13,000 2,288.31 29,748,030
July 1, 2022 5,000 2,322.09 11,610,450
Total 57,000 128,986,930
------------------------- ------------- ----------------- -----------------
Accumulated under the
program 129,000 281,469,910
Details of each transaction are included as an appendix to this
announcement.
Following these transactions, Genmab holds 362,885 shares as
treasury shares, corresponding to 0.55% of the total share capital
and voting rights.
The share buy-back program is undertaken in accordance with
Regulation (EU) No. 596/2014 ('MAR') and the Commission Delegated
Regulation (EU) 2016/1052, also referred to as the "Safe Harbour
Regulation." Further details on the terms of the share buy-back
program can be found in our company announcement no. 22 dated June
17, 2022.
About Genmab
Genmab is an international biotechnology company with a core
purpose to improve the lives of people with cancer. For more than
20 years, Genmab's vision to transform cancer treatment has driven
its passionate, innovative and collaborative teams to invent
next-generation antibody technology platforms and leverage
translational research and data sciences, fueling multiple
differentiated cancer treatments that make an impact on people's
lives. To develop and deliver novel therapies to patients, Genmab
has formed 20+ strategic partnerships with biotechnology and
pharmaceutical companies. Genmab's proprietary pipeline includes
bispecific T-cell engagers, next-generation immune checkpoint
modulators, effector function enhanced antibodies and antibody-drug
conjugates.
Genmab is headquartered in Copenhagen, Denmark with locations in
Utrecht, the Netherlands, Princeton, New Jersey, U.S. and Tokyo,
Japan. For more information, please visit Genmab.com
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and follow us on Twitter.com/Genmab
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.
Contact:
Marisol Peron, Senior Vice President, Communications and
Corporate Affairs
T: +1 609 524 0065; E: mmp@genmab.com
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Andrew Carlsen, Vice President, Head of Investor Relations
T: +45 3377 9558; E: acn@genmab.com
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This Company Announcement contains forward looking statements.
The words "believe", "expect", "anticipate", "intend" and "plan"
and similar expressions identify forward looking statements. Actual
results or performance may differ materially from any future
results or performance expressed or implied by such statements. The
important factors that could cause our actual results or
performance to differ materially include, among others, risks
associated with pre-clinical and clinical development of products,
uncertainties related to the outcome and conduct of clinical trials
including unforeseen safety issues, uncertainties related to
product manufacturing, the lack of market acceptance of our
products, our inability to manage growth, the competitive
environment in relation to our business area and markets, our
inability to attract and retain suitably qualified personnel, the
unenforceability or lack of protection of our patents and
proprietary rights, our relationships with affiliated entities,
changes and developments in technology which may render our
products or technologies obsolete, and other factors. For a further
discussion of these risks, please refer to the risk management
sections in Genmab's most recent financial reports, which are
available on
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www.genmab.com and the risk factors included in Genmab's most
recent Annual Report on Form 20-F and other filings with the U.S.
Securities and Exchange Commission (SEC), which are available at
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www.sec.gov. Genmab does not undertake any obligation to update or
revise forward looking statements in this Company Announcement nor
to confirm such statements to reflect subsequent events or
circumstances after the date made or in relation to actual results,
unless required by law.
Genmab A/S and/or its subsidiaries own the following trademarks:
Genmab(R) ; the Y-shaped Genmab logo(R) ; Genmab in combination
with the Y-shaped Genmab logo(R) ; HuMax(R) ; DuoBody(R) ; DuoBody
in combination with the DuoBody logo(R) ; HexaBody(R) ; HexaBody in
combination with the HexaBody logo(R) ; DuoHexaBody(R) and
HexElect(R) .
Company Announcement no. 28
CVR no. 2102 3884
LEI Code 529900MTJPDPE4MHJ122
Genmab A/S
Kalvebod Brygge 43
1560 Copenhagen V
Denmark
Attachments
-- 220704_CA28_Transactions in connections with share buyback program - July
4 2022
https://ml-eu.globenewswire.com/Resource/Download/59bd3c7e-e81f-4288-b541-22f76c68de32
-- 220704_Appendix_CA28_Specification June 27-July 1
https://ml-eu.globenewswire.com/Resource/Download/be2f52be-737e-4274-87c0-83bdeb3dc1f1
(END) Dow Jones Newswires
July 04, 2022 04:16 ET (08:16 GMT)
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