Onxeo Announces the Realization of Its Share Capital Increase with Shareholders’ Preferential Subscription Rights

PARIS & COPENHAGEN, Denmark--(BUSINESS WIRE (http://www.businesswire.com/))--
Regulatory News:

NOT FOR DISTRIBUTION DIRECTLY OR INDIRECTLY IN THE UNITED STATES OF AMERICA,
CANADA, AUSTRALIA OR JAPAN

Onxeo SA (Paris:ONXEO) (NASDAQ OMX:ONXEO) (Euronext Paris, Nasdaq OMX Copenhagen
– ONXEO or “the Company”) announces the realization of the share capital
increase with preferential subscription rights launched in France and in Denmark
on November 17, 2014 of an amount of €40,741,020 by issuance of 9,053,560 new
shares.

The Company’s share capital now amounts to €10,136,051, represented by
40,544,204 shares with a par value of €0.25 each.

Following this transaction, Financière de la Montagne and Nyenburgh hold
respectively 13.06% and 1.02% of the share capital and of the voting rights of
the Company. Capital Ventures International which also undertook to subscribe on
a reducible basis holds 0.014% of the share capital and of the voting rights of
the Company.

It is also reminded that payment of the subscription price of the new shares
subscribed on an irreducible and reducible basis by Financière de la Montagne
was partially made by offsetting receivables (of an amount of € 11,188,575) in
accordance with the provisions of Article 1289 of the French Civil Code and
subsequent, with the terms of the current account advance agreement signed with
the Company on July 18, 2014.

The settlement and delivery as well as the admission to trading on the regulated
market of Euronext in Paris of the new shares take place today (on December 16,
2014). The new shares will carry full dividend rights. They will be immediately
fungible with existing shares of the Company and they will be traded on the same
trading line under the ISIN code FR0010095596.

The new shares are admitted to trading and official listing on Nasdaq in
Copenhagen today (on December 16, 2014) and will be delivered through VP
Securities on December 18, 2014.

The share capital increase with shareholders’ preferential subscription rights
was led by Natixis and Oddo & Cie acting as Joint Lead Managers and Joint
Bookrunners of the transaction.

Information available to the public

The Prospectus filed with the Autorité des marchés financiers (the “AMF”) under
visa number 14-600 dated November 17, 2014, consists of (i) ONXEO’s Document de
Référence filed with the AMF on April 7, 2014 under number D.14-0303, (ii)
ONXEO’s Actualisation du Document de Référence filed on November 17, 2014 under
number D.14-0303-A01, (iii) the Document E (including the summary of Document E)
filed with the AMF on May 26, 2014 under number E.14-0034, (iv) a securities
note and (v) a summary of the Prospectus (included in the securities note).

Copies of the Prospectus may be obtained free of charge at ONXEO’s registered
office, 49, boulevard du Général Martial Valin – 75015 Paris – France, on the
Company’s corporate website
(www.onxeo.com (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2F
w 
ww.onxeo.com&esheet=51004091&newsitemid=0&lan=en
-US&anchor=www.onxeo.com&index=1&md5=2b115cf1220b1d3fdc6d34fb19d2b2c7)), on the
AMF’s website (www.amf
-france.org (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww
. 
amf-france.org&esheet=51004091&newsitemid=0&lan=en-US&anchor=www.amf
-france.org&index=2&md5=ae7e02aac3f91f4a5cc2337c26a23ee7)) and from the Joint
Coordinators and Bookrunners.

A translation of the summary of the prospectus into Danish together with a non
-binding translation into English of all the other documents constituting the
prospectus have been prepared by the Company regarding the Danish offer. In case
of discrepancies between the French prospectus and the English translation, the
French version prevails. Such documents can also be obtained free of charge at
ONXEO’s registered office, 49, boulevard du Général Martial Valin – 75015 Paris
– France and on the Company’s corporate website
(www.onxeo.com (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2F
w 
ww.onxeo.com&esheet=51004091&newsitemid=0&lan=en
-US&anchor=www.onxeo.com&index=3&md5=de1e9c39855f9e4a8020b67f5fef540d)).

The Company draws investors’ attention to the risk factors described in chapter
5.2.1 of the Document de Référence, in chapter 4.2 of Document E and chapter 2
of the Securities Note.

About ONXEO

ONXEO has the vision to become a global leader and pioneer in oncology, with a
focus on orphan or rare cancers, through developing innovative therapeutic
alternatives to “make the difference”. The ONXEO teams are determined to develop
innovative medicines to provide patients with hope and significantly improve
their lives.
Key products at advanced development stage are:
Livatag®(Doxorubicin Transdrug™): Phase III in hepatocellular carcinoma
Validive® (Clonidine Lauriad®): Phase II in severe oral mucositis: Positive
preliminary top-line results
Beleodaq® (belinostat): Registered and available in the USA for peripheral T
-cell lymphoma

Disclaimer

The offer was opened to the public in France and Denmark following the delivery
of the visa on the Prospectus by the French Autorité des marchés financiers (the
« AMF ») and the AMF’s notification of the Danish Financial Services Authority
(the « FSA »).

Copies of the prospectus registered with the AMF on November 17, 2014 under
number 14-600, comprised of the registration document filed with the AMF April
7, 2014 under number D.14-0303, of the registration document update filed with
the AMF on November 17 2014 under number D.14-0303-A01, of the merger document
(including a summary) registered by the AMF on May 26, 2014 under number E.14
-0034 and of a securities note (including a summary of the prospectus), are
available without charge from ONXEO (49 boulevard du Général Martial Valin,
75015 Paris – France), as well as on the websites of ONXEO
(www.onxeo.com/fr/ (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2
F 
%2Fwww.onxeo.com%2Ffr%2F&esheet=51004091&newsitemid=0&lan=en
-US&anchor=www.onxeo.com%2Ffr%2F&index=4&md5=5c00f35991e3829b91e42d5059a64907))
and from the AMF (www.amf
-france.org (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww
. 
amf-france.org&esheet=51004091&newsitemid=0&lan=en-US&anchor=www.amf
-france.org&index=5&md5=52dd0680254897ca29ff99cbe133930a)). A translation into
English of the prospectus as well as a translation into Danish of the summary of
the prospectus are available without charge at the registered office of ONXEO
(49 boulevard du Général Martial Valin, 75015 Paris – France) and on its website
(www.onxeo.com/fr/ (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2
F 
%2Fwww.onxeo.com%2Ffr%2F&esheet=51004091&newsitemid=0&lan=en
-US&anchor=www.onxeo.com%2Ffr%2F&index=6&md5=407e3bab18042cc8900bcbc93d8ca38f)).
ONXEO draws the public’s attention to the risks contained in pages 84 to 90 of
its reference document, in pages 95 to 99 of its merger document and in Chapter
2 of the securities note.

With respect to Member States of the European Economic Area that have transposed
European Directive 2003/71/EC of the European Parliament and European Council of
4 November, 2003 (as amended in particular by Directive 2010/73/EU to the extent
that the said Directive has been transposed into each Member State of the
European Economic Area) (the “Prospectus Directive”), no action has been taken
or will be taken to permit a public offering of the securities referred to in
this press release requiring the publication of a prospectus in any Member State
other than France and Denmark . Therefore, such securities may not be and shall
not be offered in any Member State (other than in France and Denmark) except in
accordance with the exemptions of Article 3(2) of the Prospective Directive to
the extent they have been transposed by the relevant Member State or, otherwise,
in cases not requiring the publication of a prospectus by ONXEO under Article
3(2) of the Prospective Directive and/or the applicable regulations in such
Member State.

This press release and the information it contains are being distributed to and
are only intended for persons who are (i) outside the United Kingdom, (ii)
investment professionals falling within Article 19(5) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), (iii) high
net worth entities and other such persons falling within Article 49(2)(a) to (d)
of the Order (“high net worth companies”, “unincorporated associations”, etc.)
or (iv) other persons to whom an invitation or inducement to engage in
investment activity (within the meaning of Section 21 of the Financial Services
and Market Act 2000) may otherwise lawfully be communicated or caused to be
communicated (all such persons in (i), (ii), (iii) and (iv) together being
referred to as “Relevant Persons”). Any invitation, offer or agreement to
subscribe, purchase or otherwise acquire securities to which this document
relates will only be engaged with Relevant Persons. Any person who is not a
Relevant Person should not act or rely on this press release or any of its
contents.

This press release and the information it contains do not, and will not,
constitute an offer to subscribe for or sell, nor the solicitation of an offer
to subscribe for or buy, securities of ONXEO in the United States of America or
any other jurisdiction where restrictions may apply. Securities may not be
offered or sold in the United States of America absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as amended
(the “U.S. Securities Act”), it being specified that the securities of ONXEO
have not been and will not be registered within the US Securities Act. ONXEO
does not intend to register securities or conduct a public offering in the
United States of America.

The distribution of this press release may be subject to legal or regulatory
restrictions in certain jurisdictions. Any person who comes into possession of
this press release must inform him or herself of and comply with any such
restrictions.
Contacts

Onxeo SA
Judith Greciet, CEO
j.greciet@onxeo.com
or
Nicolas Fellmann, CFO
n.fellmann@onxeo.com
+33 1 45 58 76 00
or
Caroline Carmagnol / Sophie Colin – Alize RP
caroline@alizerp.com / scolin@alizerp.com
+33 6 64 18 99 59 / +33 6 31 13 76 20