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Press Release

Zealand increases its share capital as a consequence of exercise of employee warrants

Zealand Pharma
Posted on: 23 Sep 16

Company announcement - No. 35 / 2016

Zealand increases its share capital as a consequence of exercise of employee warrants

Copenhagen, 23 September 2016 - Zealand has increased its share capital with nominal DKK 45,457 divided into 45,457 new shares with a nominal value of DKK 1 each. The increase is a consequence of the exercise of warrants granted under three of Zealand's employee warrant programs. Employee warrant programs are part of Zealand's incentive scheme, and each warrant gives the owner the right to subscribe for one new Zealand share at a pre-specified price, the exercise price, in pre-specified time periods before expiration of the warrant.

For further description of Zealand's warrant programs, see the company's Articles of Association, which are available on its homepage: .

The exercise price is DKK 77.00 per share for 25,250 of the new shares, DKK 50.27 per share for 13,957 of the new shares and DKK 87.45 per share for 6,250 of the new shares. The total proceeds to Zealand from the warrant exercise and consequential capital increase amounts to DKK 3,192,437.50.

The new shares give rights to dividend and other rights from the time of the warrant holder's exercise notice. Each new share carries one vote at Zealand's general meetings. Zealand only has one class of shares.

The new shares will be listed on Nasdaq Copenhagen after registration of the capital increase with the Danish Business Authority. Following registration of the new shares, the total share capital of Zealand will be nominal DKK 24,587,032 divided into 24,587,032 shares with a nominal value of DKK 1 each.

The amendment of Zealand's Articles of Association entailed by the share capital increase has today been registered with the Danish Business Authority.


For further information, please contact:

Hanne Leth Hillman, Senior Vice President, Investor Relations and Communications
Tel: +45 50 60 36 89, email:

About Zealand Pharma A/S

Zealand Pharma A/S (Nasdaq Copenhagen: ZEAL) ("Zealand") is a biotechnology company focused on the discovery, design and development of innovative peptide-based medicines. Zealand has a portfolio of medicines and product candidates under license collaborations with Sanofi, Boehringer Ingelheim and Helsinn and a pipeline of proprietary product candidates, which primarily target specialty diseases with significant unmet needs.

The company's first invented medicine, lixisenatide, a once-daily prandial GLP-1 analog for the treatment of type 2 diabetes, is licensed to Sanofi. Lixisenatide is marketed as Lyxumia ® outside the United States and approved as Adlyxin TM in the United States. Lixisenatide has been developed in a fixed-ratio combination with Lantus ® (insulin glargine), referred to as iGlarLixi, which product is under regulatory review in the United States and in Europe. 

Zealand's proprietary pipeline includes: Dasiglucagon * (ZP4207) as single-dose rescue treatment for acute, severe hypoglycemia (Phase II); Glepaglutide* (ZP1848) for treatment of short bowel syndrome (Phase II); Dasiglucagon* (ZP4207) multiple-dose version intended for use in a dual-hormone artificial pancreas system for better hypoglycemia control and diabetes management (in preparation for Phase II); and other earlier stage clinical and preclinical peptide therapeutics.

Zealand is based in Copenhagen (Glostrup), Denmark. For further information about the company's business and activities, please visit or follow Zealand on Twitter @ZealandPharma.

* Dasiglucagon and glepaglucagon are proposed International Nonproprietary Names (pINN).

35-16_0923 Warrant exercise and consequential capital increase

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Zealand Pharma via GlobeNewswire

Last updated on: 25/09/2016

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