MECHELEN, BELGIUM--(Marketwire -06/29/12)- Galapagos NV (GLPGF)announced todaya capital increase arising from employee warrant exercises.
Since its inception in 1999, Galapagos has used warrant plans toincentivizepersonnel and management and have them share in the success of thecompany.Following warrant exercises during the exercise period from 9 June 2012through22 June 2012, Galapagos issued 18,699 new ordinary shares on 29 June 2012for atotal capital increase (including issuance premium) of EUR160,253.07. Nomemberof the Board or Executive Committee exercised warrants.
To date, Galapagos' total share capital amounts to EUR143,770,414.14;the totalnumber of securities conferring voting rights is 26,577,554, which isalso thetotal number of voting rights (the "denominator"), and all securitiesconferringvoting rights and all voting rights are of the same category. The totalnumberof rights (warrants) to subscribe to not yet issued securities conferringvotingrights is 3,171,362, which equals the total number of voting rightsthat mayresult from the exercise of these warrants. Galapagos does nothave anyconvertible bonds or shares without voting rights outstanding.
Galapagos (GLPGF) (GLPYY) is a mid-sizebiotechnology companyspecialized in the discovery and development of small molecule andantibodytherapies with novel modes-of-action. The Company is progressingGLPG0634, aswell as one of the largest pipelines in biotech, with fourprograms indevelopment and over 30 discovery programs. The Galapagos Group has about800employees and operates facilities in six countries, with globalheadquarters inMechelen, Belgium. More info at: www.glpg.com
This release may contain forward-looking statements, including,withoutlimitation, statements containing the words "believes,""anticipates,""expects," "intends," "plans," "seeks," "estimates," "may," "will,""could,""stands to," and "continues," as well as similar expressions. Suchforward-looking statements may involve known and unknown risks,uncertainties and otherfactors which might cause the actual results, financial condition,performanceor achievements of Galapagos, or industry results, to be materiallydifferentfrom any historic or future results, financial conditions,performance orachievements expressed or implied by such forward-looking statements.Giventhese uncertainties, the reader is advised not to place any unduereliance onsuch forward-looking statements. These forward-looking statements speakonly asof the date of publication of this document. Galapagos expresslydisclaims anyobligation to update any such forward-looking statements in thisdocument toreflect any change in its expectations with regard thereto or anychange inevents, conditions or circumstances on which any such statement is based,unlessrequired by law or regulation.
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Source: Galapagos NV via Thomson Reuters ONE[HUG#1622719]
- Galapagos NV
Director Investor Relations
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