The Supervisory Board of Exiqon A/S (NASDAQ OMX Copenhagen: “EXQ”) has today completed the directed issue of 1,666,777 new shares of DKK 1 nominal value through an accelerated book-building process. Please refer to Company Announcement no. 17/2011.
The subscription price is DKK 11.40 per share of nominal value DKK 1 each, raising gross proceeds to Exiqon of approximately DKK 19 million.
The proceeds will be used to strengthen the company’s capital resources.
After the capital increase, the share capital of Exiqon will consist of 35,002,026 shares of nominal value DKK 1.00 each equivalent to a nominal value of DKK 35,002,026.
Registration of the capital increase with the Danish Commerce and Companies Agency which is expected to take place on 30 June 2011 and the new shares will be issued under the temporary ISIN code DK0060338226. 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 30 June 2011. The new shares are expected to be sought admitted for trading and official listing on NASDAQ OMX Copenhagen on 4 July 2011 with expected first day of trading on 5 July 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)
