The supervisory board of Exiqon A/S has today 19 May 2010 resolved to issue
874,196 warrants to the executive management in Exiqon A/S and 90,000 warrants
to employees in Exiqon A/S. All warrants have been issued in accordance with
the authorization granted in article 3c of the articles of association.
The warrants issued entitle the warrant holders to subscribe for in total up to
nom. DKK 964,196 shares of DKK 1.00 each in Exiqon A/S, and the supervisory
board has at the same time resolved to increase the Exiqon A/S' share capital
accordingly.
The exercise price for the issued warrants is DKK 7.63 per warrant which
corresponds to the average closing price of the Company's shares in the last
five trading days up to and including 18 May 2010, plus 5% per year.
Of the warrants issued one thirty-sixth (1/36) hereof is vested as from the
first day of the calendar month following the date of issuance of these
warrants. Another one thirty-sixth (1/36) of these warrants is vested as from
the first day of each new calendar month until all of these warrants have
become vested. Unexercised warrants become null and void after expiry of the
first exercise period following 36 months after allocation.
The resolution of the supervisory board has been included in article 3c9 of the
company's articles of association.
As a result of the commencement of s. 90(2) of the Danish Companies Act on 1
May 2010, the Supervisory Board has today furthermore decided to exercise the
authorization to amend article 5(6) of the articles of association regarding
the shareholders' right to have a particular issue considered at a general
meeting in accordance with the decision made at the general meeting on 14 April
2010.
Additional information
Lars Kongsbak, CEO, phone +45 4566 0888 (cell: +45 4090 2101)
Hans Henrik Chrois Christensen, CFO, phone +45 4566 0888 (cell: +45 4090 2131)
See the full announcement in the attached pdf-document
