Exercise of employee share options

A participant in the Targovax share option program has on December 8th 2015 exercised a total number of 25 000 options.

Following the share option exercise and pursuant to authorization granted by the Extraordinary General Meeting at 14 September 2015, the Board of Directors has resolved to increase the share capital by NOK 2,500 by issuing 25,000 new shares at par value NOK 0.10. Following the registration of the increase, the share capital will be NOK 2,688,380.80 divided into 26,883,808 shares.

For further information please contact:

Øystein Soug
Phone: +47 906 56 525
Email: oystein.soug@targovax.com