Capital Increase in Genmab as a Result of Employee Warrant

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
75
Capital Increase in Genmab as a Result of Employee Warrant Exercise

Company Announcement

Copenhagen, Denmark; September 26, 2017 – Genmab A/S (Nasdaq Copenhagen: GEN) will increase its share capital by 23,670 shares as a consequence of the exercise of employee warrants.

The increase is effected without any preemption rights for the existing shareholders of the company or others. The shares are subscribed in cash at the following price per share of nominally DKK 1:

  • 300 shares at DKK 31.75,
  • 20 shares at DKK 40.41,
  • 1,000 shares at DKK 80.55,
  • 250 shares at DKK 129.75,
  • 1,000 shares at DKK 174,
  • 300 shares at DKK 225.30,
  • 250 shares at DKK 225.90,
  • 250 shares at DKK 246,  
  • 2,725 shares at DKK 254,
  • 6,500 shares at DKK 272,
  • 8,750 shares at DKK 326.50,
  • 1,825 shares at DKK 337.40,
  • 375 shares at DKK 623.50, and
  • 125 shares at DKK 939.50.

Proceeds to the company are approximately DKK 6.77 million. The increase corresponds to approx. 0.04 % of the company's share capital.

The new shares are ordinary shares without any special rights and are freely transferable negotiable instruments. The new shares give rights to dividends and other rights in relation to the company as of subscription, i.e. inter alia full rights to dividends for the financial year 2017. The new shares will be listed on Nasdaq Copenhagen after registration with the Danish Business Authority. The capital increase is expected to be finalized shortly.

Pursuant to section 10 of Executive Order no. 1526 of December 9, 2016 on Issuers' Disclosure Obligations, it is hereby announced, that the total nominal value of Genmab A/S' share capital after the capital increase is DKK 61,163,142, which is made up of 61,163,142 shares of a nominal value of DKK 1 each, corresponding to 61,163,142 votes.

About Genmab Genmab is a publicly traded, international biotechnology company specializing in the creation and development of differentiated antibody therapeutics for the treatment of cancer.  Founded in 1999, the company has two approved antibodies, DARZALEX ® (daratumumab) for the treatment of certain multiple myeloma indications, and Arzerra ® (ofatumumab) for the treatment of certain chronic lymphocytic leukemia indications.  Daratumumab is in clinical development for additional multiple myeloma indications, other blood cancers, and solid tumors.  A subcutaneous formulation of ofatumumab is in development for relapsing multiple sclerosis.  Genmab also has a broad clinical and pre-clinical product pipeline.  Genmab's technology base consists of validated and proprietary next generation antibody technologies - the DuoBody ® platform for generation of bispecific antibodies, and the HexaBody ® platform which creates effector function enhanced antibodies.  The company intends to leverage these technologies to create opportunities for full or co-ownership of future products. Genmab has alliances with top tier pharmaceutical and biotechnology companies.  For more information visit www.genmab.com .

Contact:           Rachel Curtis Gravesen, Senior Vice President, Investor Relations & Communications T: +45 33 44 77 20; M: +45 25 12 62 60; E: r.gravesen@genmab.com

This Company Announcement contains forward looking statements. The words “believe”, “expect”, “anticipate”, “intend” and “plan” and similar expressions identify forward looking statements. Actual results or performance may differ materially from any future results or performance expressed or implied by such statements. The important factors that could cause our actual results or performance to differ materially include, among others, risks associated with pre-clinical and clinical development of products, uncertainties related to the outcome and conduct of clinical trials including unforeseen safety issues, uncertainties related to product manufacturing, the lack of market acceptance of our products, our inability to manage growth, the competitive environment in relation to our business area and markets, our inability to attract and retain suitably qualified personnel, the unenforceability or lack of protection of our patents and proprietary rights, our relationships with affiliated entities, changes and developments in technology which may render our products obsolete, and other factors. For a further discussion of these risks, please refer to the risk management sections in Genmab’s most recent financial reports, which are available on www.genmab.com . Genmab does not undertake any obligation to update or revise forward looking statements in this Company Announcement nor to confirm such statements in relation to actual results, unless required by law.

Genmab A/S and its subsidiaries own the following trademarks: Genmab ® ; the Y-shaped Genmab logo ® ; Genmab in combination with the Y-shaped Genmab logo™; the DuoBody logo ® ; the HexaBody logo™; HuMax ® ; HuMax-CD20 ® ; DuoBody ® ; HexaBody ® and UniBody ® . Arzerra ® is a trademark of Novartis AG or its affiliates. DARZALEX ® is a trademark of Janssen Biotech, Inc.

Company Announcement no. 30 CVR no. 2102 3884 LEI Code 529900MTJPDPE4MHJ122

Genmab A/S Kalvebod Brygge 43 1560 Copenhagen V Denmark

Scroll down for more posts ▼

Top 10 Most Recent News Articles

The Braff Group's 400th Health Care M&A Milestone

Updated Category News Views 68

No one just stumbles into 400 successful deals without a whole lot of grit, especially in the gnarly jungle of health care services mergers and acquisitions. The Braff Group, a stalwart in this arena since 1998, has just hit this remarkable milestone. If you ask me, this isn't just a number—it's a testament to the blood, sweat, and relentless dedication poured into...

Continue Reading
Guaranteed Income Policies Gain Traction Across States

Updated Category News Views 62

Big Wins for Guaranteed Income Programs Boy, isn't it fascinating watching the political gears turn to embrace concepts like guaranteed income? This wave of enthusiasm isn't just words and ideas; it's now showing up in election results and ballot measures in multiple states. From California to Pennsylvania, voters appear to dig the idea of direct cash assistance to those...

Continue Reading
Dircks Expands with Major Phoenix Lease Deal

Updated Category News Views 67

Another Big Win in Phoenix's Industrial Space Who'd have thought? Dircks Moving & Logistics just bagged themselves a hefty 337,897-square-foot lease in Phoenix. This isn’t just any warehouse deal in the Southwest Valley—it’s a mark of where the industrial real estate world’s trending these days. For those who watch these things, they’ve pushed their local space...

Continue Reading
CMS Fee Adjustments Aid Orthopaedics, But Issues Stay

Updated Category News Views 47

A Partial Win for Orthopaedic Care Access This week, we’ve got a sigh of relief rolling through the orthopaedic corridors with the Centers for Medicare & Medicaid Services (CMS) dialing back on its proposed fee cuts. You’d think they were about to pull the rug out from beneath procedures most patients can't afford to get scarce. It’s not a full victory, but...

Continue Reading
Veteran-Friendly U.S. Cities in 2026: Who's Leading?

Updated Category News Views 51

Veterans Find Their Business Groove in U.S. Cities Around the diner's counter, traders might be swapping tales of market victories or lamenting lost opportunities. But today, we're chewing over a different kind of success story—the top U.S. cities paving the way for veteran entrepreneurs, courtesy of a fresh report from the PenFed Foundation for Military Heroes. This...

Continue Reading
P.C. Richard & Son's Generations+: Loyalty Rewarded

Updated Category News Views 60

What's the Deal with Generations+ at P.C. Richard & Son? Felt like companies were giving away the farm just to keep customers hooked, and then I heard about P.C. Richard & Son's latest play. They've been around for a scorching 117 years, and now they're offering something they've never done before: a free membership program called Generations+ that tosses perks like candy...

Continue Reading
Menarini & Ryvu's Phase II Results Offer Hope in B-NHL

Updated Category News Views 125

New Glimmers of Hope in B-cell NHL Battle Battling aggressive B-cell non-Hodgkin lymphoma (B-NHL) isn't for the faint of heart, especially when standard treatments have been run through like an old pair of boots. Enter dapolsertib, the fresh-faced newcomer in Menarini Group and Ryvu Therapeutics' arsenal, showing encouraging signals in early Phase II results. These...

Continue Reading
HSBC Unveils $1B Tender Offer to Manage Capital Base

Updated Category News Views 12

HSBC's Strategic Capital Maneuver Alright, let's chew on this one: HSBC's out to repurchase up to a cool billion bucks worth of its own security paper. We're talking about the $3 billion, 6% Perpetual Subordinated Contingent Convertible Securities, which can be called up as soon as May 2027. Now, they're not going all-in—the offer is capped at $1 billion, though the...

Continue Reading
Edelson Lechtzin Investigates Baanx Data Breach

Updated Category News Views 105

Inside the Baanx Data Breach: A Wake-Up Call The digital currency frontier is fraught with pitfalls, and the latest Baanx data breach saga is a sobering reminder. This isn't just a minor fumble—this one's a big, hairy mess involving sensitive data of Crypto Life users, causing ripples through an already jittery market. What Went Wrong with Baanx We're staring at...

Continue Reading
MY DR NOW Expands: Seven-Day Clinics Open Everywhere

Updated Category News Views 54

Breaking The Mold Of Traditional Medicine MY DR NOW isn't here to play by the age-old rules. They're slinging open the doors to their newest family medicine clinics and kicking the old Monday-to-Friday scheduling straight to the curb. Every single day of the week, from 8 a.m. to 8 p.m., patients in Sunnyvale and Tucson are getting a dose of healthcare that's all about...

Continue Reading

Top 5 Most Recently Viewed Articles

Nvidia's Jensen Huang Challenges Elon Musk's Chip Vision

Updated Category News Views 375

Jensen Huang Addresses Elon Musk's Ambitious Chip Plans Nvidia Corporation (NASDAQ: NVDA) CEO Jensen Huang has recently provided some thoughtful insights regarding Tesla CEO Elon Musk's plans to build an in-house chip fabrication facility. Huang seems to be cautioning Musk about not underestimating the challenges involved in semiconductor manufacturing. The Complexity of...

Continue Reading
Viomi Technology Enhances Operations with New Leadership Role

Updated Category News Views 227

Viomi Technology Appoints New President for Operations Viomi Technology Co., Ltd, a notable leader in the home water solutions sector, has made a significant move by appointing Mr. Guang Wu as the new President of Operations. This strategic decision centers on promoting high-quality business development and enhancing operational efficiency as the company looks forward to...

Continue Reading
Inspira Technologies Revamps U.S. Distribution Strategy for ART100

Updated Category News Views 78

Inspira Technologies Enhances U.S. Distribution Network Inspira Technologies OXY B.H.N. Ltd. (NASDAQ: IINN) is making tremendous strides in improving its distribution capabilities in the United States with a new agreement that designates Glo-Med Networks Inc as its primary distributor. This partnership will not only enhance distribution but also bolster customer support,...

Continue Reading
Cabelo Wigs Launches Luxe Hair Services in Exciting New Salon

Updated Category News Views 618

Cabelo Wigs Opens Its Doors to a Luxurious Experience Cabelo Wigs, a dynamic full-service wig and hair salon, is thrilled to announce its grand opening celebration, inviting the community to join in an exciting event. The salon aims to set a new standard in hair fashion and confidence for women. Co-founders Elisheva Korf and Rivky Berger are excited to showcase their...

Continue Reading
Digital Realty's Partnership with NVIDIA: Transforming AI Infrastructure

Updated Category News Views 318

Digital Realty's Strategic Collaboration with NVIDIA In a significant move towards enhancing AI computing infrastructure, Digital Realty has announced its collaboration with NVIDIA. This partnership aims to streamline the design and deployment of next-generation AI systems, tailored for an evolving technological landscape. The Need for Advanced AI Infrastructure As AI...

Continue Reading