Targovax ASA: Exercise of employee share options in Targovax ASA

Reference is made to stock exchange notice of 4 November 2016 regarding increase of the share capital in Targovax ASA (the “Company”) relating to exercise of employee options and settlement of restricted stock units. As per 18 November 2016, 56,799 shares each with a par value of NOK 0.10 were subscribed by employees holding vested options. No restricted stock unites were settled and no shares were accordingly subscribed for by any holders of restricted stock units.

The new share capital in the Company will accordingly be NOK 4,219,080. The share capital increase will be registered in the Register of Business Enterprises (NW: Foretaksregisteret) as soon as practically possible.

For further information please contact:
Øystein Soug
Phone: +47 906 56 525
Email: oystein.soug@targovax.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.