Veloxis Pharmaceuticals A/S
Veloxis Pharmaceuticals A/S establishes new Warrant Programme
Veloxis Pharmaceuticals A/S 12.11.2014 18:57 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Company Announcement no. 25/2014 To: NASDAQ OMX Copenhagen A/S Hørsholm, Denmark, 12 November 2014 Veloxis Pharmaceuticals A/S establishes new Warrant Programme Today, the Board of Directors of Veloxis has decided to establish a new warrant programme for new employees of the company. Thus, the Board of Directors of the Company has today partly exercised its authorisation pursuant to Section 5A of the Articles of Association. The purpose of the grant of warrants is to reflect the company's objective to attract and retain first-rate employees and thus ensure a long-term shareholder value creation. The grant of warrants shall ensure to create - both in the short and in the long run - common interests between the employees and the shareholders of the Company. A total of 300,000 warrants are to be awarded, giving the right to subscription of up to 300,000 shares each of DKK 0.1. The exercise price is fixed at DKK 1.19. The warrant holders earn the right to exercise warrants with 1/36 per month as from the date of grant 12 November 2014. Warrants that are not exercised on 12 November 2021 expire automatically. The issued warrants are estimated to have a total market value of DKK 147.173. The market value of the issued warrants is calculated on basis of the Black-Scholes model with a volatility calculated as 52%, an interest level of 0.16% and a share price of DKK 1.19. For more information, please contact: Veloxis Pharmaceuticals A/S Bill Polvino Johnny Stilou President & CEO EVP, Chief Financial Officer Mobile: +1 917 647 9107 Mobile: +45 21 227 227 Email: wjp@veloxis.com Email: jst@veloxis.com For further information, please visit www.veloxis.com. About Veloxis Pharmaceuticals Based in Hørsholm, Denmark, with an office in New Jersey, Veloxis Pharmaceuticals A/S, or Veloxis, is a specialty pharmaceutical company. Veloxis' unique, patented delivery technology, MeltDose(R), is designed to enhance the absorption and bioavailability of select orally administered drugs. Veloxis is listed on the NASDAQ OMX Copenhagen under the trading symbol OMX: VELO. For further information, please visit www.veloxis.com. News Source: NASDAQ OMX 12.11.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Veloxis Pharmaceuticals A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0060048148 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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