Galapagos creates new subscription right plans
06 Mai 2022 - 10:01PM
Galapagos creates new subscription right plans
Mechelen, Belgium;
6 May
2022, 22.01 CET;
regulated information ––
Galapagos NV
(Euronext & NASDAQ:
GLPG) announced today that its
board of directors
created 2,326,025
subscription rights under
new subscription right
plans
for the benefit of certain members
of the personnel
of the
company and its
subsidiaries.
On 6 May 2022, the board of directors of
Galapagos approved “Subscription Right Plan 2022 BE”, intended for
members of personnel of the company and its Belgian subsidiary,
“Subscription Right Plan 2022 RMV”, intended for the employees of
its French subsidiary, Galapagos SASU, and “Subscription Right Plan
2022 ROW”, intended for the employees of its other non-Belgian
subsidiaries, within the framework of the authorized capital. Under
these subscription right plans, 2,326,025 subscription rights were
created, subject to acceptances by the beneficiaries of
the plans.
The subscription rights offered on 6 May
2022 have an exercise term of eight years as of the date of the
offer and have an exercise price of €57.46 (the closing price of
the share on Euronext Brussels and Amsterdam on the day preceding
the date of the offer). The subscription rights are not
transferable. The subscription rights under Subscription Right Plan
2022 BE can in principle not be exercised prior to 1 January 2026.
The subscription rights under Subscription Right Plan 2022 RMV and
Subscription Right Plan 2022 ROW vest and become exercisable in
instalments: with 25% of each grant being exercisable as of
1 January 2024, 25% as of 1 January 2025 and 50% as of
1 January 2026. 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 €355,098,660.11; the total number of securities conferring
voting rights is 65,648,221, 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) 9,291,134 subscription rights under
several outstanding employee subscription right plans, which equals
9,291,134 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
2,326,025 subscription rights of Subscription Right Plan 2022 BE,
Subscription Right Plan 2022 RMV and Subscription Right Plan 2022
ROW, which were created subject to acceptance. Galapagos does not
have any convertible bonds or shares without voting rights
outstanding.
About GalapagosGalapagos NV
discovers, develops, and commercializes small molecule medicines
with novel modes of action. Our pipeline comprises discovery
through Phase 3 programs in inflammation, fibrosis, and other
indications. Our ambition is to become a leading global
biopharmaceutical company focused on the discovery, development,
and commercialization of innovative medicines. More information at
www.glpg.com.
ContactInvestors:Sofie Van
GijselHead of Investor Relations+1 781 296 1143
Sandra CauwenberghsDirector Investor Relations+32 495 58 46
63ir@glpg.com
Media:Marieke VermeerschHead of Corporate
Communication+32 479 490 603media@glpg.com
Forward-looking statements
This 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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