NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA
The Supervisory Board of Exiqon A/S (NASDAQ OMX Copenhagen: “EXQ”) has today
resolved to issue 3,030,000 new shares of DKK 1.00 nominal value at a price of
DKK 6.50 per share.
The Company will receive gross proceeds of DKK 19,695,000 from the issue of the
new shares.
The new shares have been allocated to institutional investors in Denmark and
internationally and to certain members of the Supervisory Board in a directed
issue without pre-emption rights to Exiqon's existing shareholders.
The nominal value of the share capital increase represents approximately 9.99
per cent of the Company's current nominal share capital of DKK 30,305,249.
Following completion of the share capital increase, the nominal share capital
of Exiqon will amount to DKK 33,335,249 divided into shares of DKK 1.00 each.
The new shares will be negotiable instruments made out in the name of the
holder. There will be no restrictions in the transferability of the shares. The
new shares will in every respect carry the same rights as the existing shares,
including the right to receive dividends, if any, for the financial year 2010
and other rights in the Company as from the time of registration of the capital
increase with the Danish Commerce and Companies Agency which is expected to
take place on 29 June 2010.
Reason for the directed issue and use of proceeds:
The proceeds will be used to strengthen the company's capital resources in
support of the continued operations and development of the business.
Admission for trading and official listing:
The new shares will be issued under temporary ISIN code DK0060238004. No
application for trading and official listing has been filed for the temporary
ISIN code, and the temporary ISIN code will only be registered with VP
Securities A/S. The temporary ISIN code will be merged with the existing ISIN
code for the existing shares, DK0060077758, as soon as possible following
registration of the share capital increase with the Danish Commerce and
Companies Agency, expectedly on 29 June 2010. The new shares will be admitted
for trading and official listing on NASDAQ OMX Copenhagen on 1 July 2010.
Lars Kongsbak, CEO says: ”With this share issue we have ensured funds that will
allow us to bring new products to market and strengthen our sales in our
continued efforts to bring Exiqon to profitability in 2011”
Handelsbanken Capital Markets has acted as exclusive financial adviser on this
transaction.
Additional information:
Lars Kongsbak, President and CEO, tel. +45 4566 0888 (cell: +45 4090 2101)
Hans Henrik Chrois Christensen, CFO, tel. +45 4566 0888 (cell: +45 4090 2131)
See the full announcement in the attached PDF or at
www.exiqon.com/investor/portal
