Copenhagen, 2015-11-13 11:47 CET (GLOBE NEWSWIRE) -- 13 November 2015 – Zealand has increased its share capital with nominal DKK 176,456 divided into 176,456 new shares with a nominal value of DKK 1 each. The increase is a consequence of the exercise of employee warrants granted under two of the company's warrant programs as described in the Articles of Association.
The exercise price is DKK 77.00 per share for 161,078 of the new shares and DKK 50.27 per share for 15,378 of the new shares. The total proceeds to Zealand from the capital increase amounts to DKK 13,176,058.06.
The new shares give rights to dividend and other rights from the time of the warrant holder's exercise notice. Each new share carries one vote at Zealand’s general meetings. Zealand only has one class of shares.
The new shares will be listed on Nasdaq Copenhagen following registration of the capital increase with the Danish Business Authority. Following registration of the new shares, the share capital of Zealand will be nominal DKK 24,282,299 divided into 24,282,299 shares with a nominal value of DKK 1 each.
The amendment of Zealand’s Articles of Association entailed by the share capital increase has today been registered with the Danish Business Authority. The new Articles of Association are attached to this announcement and also available on the company’s website: www.zealandpharma.com.
The content of this announcement has no impact on the company’s financial guidance for 2015.
Pursuant to Section 28a of the Danish Securities Trading Act, Zealand discloses information on transactions with the company’s shares and related securities by executives and their related parties. In connection with the warrants exercise, Zealand has received information on the following transactions for disclosure:
| Name: | Hanne Leth Hillman |
| Reason: | Senior Vice President for Investor Relations & Communications |
| Issuer: | Zealand Pharma A/S |
| Designation: | Shares |
| ISIN Code: | DK0060257814 |
| Transaction: | Exercise of warrants |
| Trading Date: | 13 November 2015 |
| Market: | Nasdaq OMX Copenhagen A/S |
| Number: | 27,000 |
| Price: | DKK 77.00 |
| Total value: | DKK 2,079,000.00 |
| Name: | Adam Steensberg |
| Reason: | Senior Vice President for Development and Chief Medical Officer |
| Issuer: | Zealand Pharma A/S |
| Designation: | Shares |
| ISIN Code: | DK0060257814 |
| Transaction: | Exercise of warrants |
| Trading Date: | 13 November 2015 |
| Market: | Nasdaq OMX Copenhagen A/S |
| Number: | 27,000 |
| Price: | DKK 77.00 |
| Total value: | DKK 2,079,000.00 |
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For further information, please contact:
Hanne Leth Hillman, Senior Vice President for Investor Relations and Communications
Tel: +45 50 60 36 89, email: hlh@zealandpharma.com
About Zealand Pharma
Zealand Pharma A/S (Nasdaq Copenhagen: ZEAL) (“Zealand”) is a biotech company with leading-edge scientific expertise in turning peptides into medicines. Zealand has a growing proprietary pipeline of novel specialty drug candidates and a mature portfolio of products and projects under license collaborations with Sanofi, Helsinn Healthcare and Boehringer Ingelheim.
Zealand’s first invented medicine, lixisenatide, a once-daily prandial GLP-1 analogue for the treatment of Type 2 diabetes, is marketed globally outside the US as Lyxumia® by Sanofi and under regulatory review in the US. The license collaboration with Sanofi covers also a single-product combination of lixisenatide and insulin glargine (Lantus®) which is on track for regulatory submission in the US in Q4 2015 and in the European Union in Q1 2016.
The proprietary pipeline includes; danegaptide for ischemic reperfusion Injuries in Phase II development; ZP1848 for Short Bowel Syndrome in Phase II development; and the stable glucagon analogue, ZP4207, in Phase II preparation both as a single-dose rescue pen for severe hypoglycemia and for multiple-dose use to treat and control mild to moderate hypoglycemia; as well as several preclinical peptide therapeutics.
The company is based in Copenhagen (Glostrup), Denmark. For further information about Zealand’s business and activities, please visit: www,zealandpharma.com or follow us on Twitter @ZealandPharma
