Pharmiweb ChannelsAll | PharmaCo | Clinical Research | R&D/BioTech | Sales/Mktg | Healthcare | Recruitment | Pharmacy | Medical Comms

Pharmiweb.com RSS Feed Pharmiweb.com RSS Feeds

Advertising

Press Release

Nordic Nanovector ASA: Increased Share Capital Following Exercise of Employee Share Options

Nordic Nanovector
Posted on: 27 Sep 18

OSLO, Norway, Sept. 25, 2018 /PRNewswire/ --

A participant in Nordic Nanovector ASA's (the "Company") (OSE:NANO) previous employee share option program, not being a primary insider, has exercised a total number of 30,832 options through exercise of a corresponding number of free-standing warrants. The shares are exercised at a strike price of NOK 34 per share. Each free-standing warrant gives the right to receive one share in the Company.

Following exercise of the 30,832 free-standing warrants, the Company's registered share capital was increased by NOK 6,166.4 through issuance of 30,832 new shares, each with a nominal value of NOK 0.20, against payment of a total subscription price of NOK 1,048,288. Following the share capital increase the Company has a share capital of NOK 9,824,503 divided on 49,122,515 shares, each with a par value of NOK 0.20.

About Nordic Nanovector:

Nordic Nanovector is committed to develop and deliver innovative therapies to patients to address major unmet medical needs and advance cancer care. The Company aspires to become a leader in the development of targeted therapies for haematological cancers. Nordic Nanovector's lead clinical-stage candidate is Betalutin®, a novel CD37-targeting antibody-radionuclide-conjugate designed to advance the treatment of non-Hodgkin's Lymphoma (NHL). NHL is an indication with substantial unmet medical need, representing a growing market forecast to be worth nearly USD 20 billion by 2024. Nordic Nanovector intends to retain marketing rights and to actively participate in the commercialisation of Betalutin® in core markets.  

Further information about the Company can be found at www.nordicnanovector.com.

This information is subject to a duty of disclosure pursuant to Section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact::
Malene Brondberg,
VP Investor Relations and Corporate Communications
Cell: +44-7561-431-762
Email: ir@nordicnanovector.com 

This information was brought to you by Cision http://news.cision.com

http://news.cision.com/nordic-nanovector/r/nordic-nanovector-asa--increased-share-capital-following-exercise-of-employee-share-options,c2627487

Editor's Details

Mike Wood
PharmiWeb.com
www.pharmiweb.com
editor@pharmiweb.com

Last updated on: 27/09/2018

Advertising
Site Map | Privacy & Security | Cookies | Terms and Conditions

PharmiWeb.com is Europe's leading industry-sponsored portal for the Pharmaceutical sector, providing the latest jobs, news, features and events listings.
The information provided on PharmiWeb.com is designed to support, not replace, the relationship that exists between a patient/site visitor and his/her physician.