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Galapagos creates new warrant plan(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 28 July 2014 Release date- 25072014 - Mechelen, Belgium; - Galapagos NV (Euronext: GLPG) announced today that its Board of Directors created 666,760 warrants under a new warrant plan for the benefit of employees, directors and an independent consultant of the Company and its subsidiaries. On 25 July 2014, the Board of Directors of Galapagos approved the 'Warrant Plan 2014' within the framework of the authorized capital. Under this warrant plan, 666,760 warrants were created, subject to acceptances. The warrants created under Warrant Plan 2014 were offered on 25 July 2014, mainly to employees of Galapagos and its subsidiaries and in secondary order to its directors and an independent consultant. The offer of warrants to directors has been pre-approved by the Annual Shareholders' Meeting held on 29 April 2014. The warrants have an exercise term of eight years as of the date of the offer and have an exercise price of EUR14.54 (the average closing price of the share on Euronext Brussels during the thirty days preceding date of the offer). The warrants are not transferable and can in principle not be exercised prior to the end of the third calendar year after the calendar year in which they were granted to the beneficiaries. Each warrant gives the right to subscribe to one new Galapagos share. Should the warrants be exercised, Galapagos will apply for the listing of the resulting new shares on a regulated stock market. The warrants as such will not be listed on any stock market. To date, Galapagos' total share capital amounts to EUR163,802,508.04; the total number of securities conferring voting rights is 30,280,344, 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 conferring voting rights is 2,911,978, which equals the total number of voting rights that may result from the exercise of these warrants, and excludes the 666,760 warrants of Warrant Plan 2014 which were created subject to acceptances. Galapagos does not have any convertible bonds or shares without voting rights outstanding. (c) 2014 Electronic News Publishing - |