GlobeNewswire

Galapagos increases share capital through subscription right exercises

Share


Mechelen, Belgium; 18 September 2020, 22.01 CET; regulated information – Galapagos NV (Euronext & NASDAQ: GLPG) announces a share capital increase arising from subscription right exercises.

Galapagos issued 86,280 new ordinary shares on 18 September 2020, for a total capital increase (including issuance premium) of €2,403,087.

Pursuant to the subscription right exercise program of Galapagos’ management board, members of the management board automatically are committed to exercise a minimum number of subscription rights, subject to certain conditions. In accordance with the rules of this program, CEO Onno van de Stolpe exercised 15,000 subscription rights. Three other management board members exercised an aggregate number of 15,000 subscription rights.

In accordance with Belgian transparency legislation1, Galapagos notes that its total share capital currently amounts to €353,435,739.72, the total number of securities conferring voting rights amounts to 65,340,842, which is also the total number of voting rights (the “denominator”), and all securities conferring voting rights and all voting rights are of the same category. The total number of rights (formerly known as warrants) to subscribe to not yet issued securities conferring voting rights is (i) 7,018,637 subscription rights under several outstanding employee subscription right plans, which equals 7,018,637 voting rights that may result from the exercise of those subscription rights, and (ii) two subscription rights issued to Gilead Therapeutics to subscribe for a maximum number of shares that is sufficient to bring the shareholding of Gilead and its affiliates to 25.1% and 29.9%, respectively, of the actually issued and outstanding shares after the exercise of the relevant subscription right. Galapagos does not have any convertible bonds or shares without voting rights outstanding.

About Galapagos
Galapagos (Euronext & NASDAQ: GLPG) discovers and develops small molecule medicines with novel modes of action, three of which show promising patient results and are currently in late-stage development in multiple diseases. Our pipeline comprises Phase 3 through to discovery programs in inflammation, fibrosis, osteoarthritis and other indications. Our ambition is to become a leading global biopharmaceutical company focused on the discovery, development and commercialization of innovative medicines. More information at www.glpg.com.

Contacts

Investors:
Elizabeth Goodwin
VP Investor Relations
+1 781 460 1784

Sofie Van Gijsel
Senior Director Investor Relations
+32 485 19 14 15
ir@glpg.com

Media:
Carmen Vroonen
Global Head of Communications & Public Affairs
+32 473 824 874

Anna Gibbins
Senior Director Therapy Areas Communications
+44 7717 801900
communications@glpg.com

Forward-looking statements

This release may contain forward-looking statements. Such forward-looking statements are not guarantees of future results. These forward-looking statements speak only as of the date of publication of this document. Galapagos expressly disclaims any obligation to update any forward-looking statements in this document, unless specifically required by law or regulation.




1    Belgian Act of 2 May 2007 on the disclosure of major shareholdings in issuers whose shares are admitted to trading on a regulated market




Attachment

About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

Orion Group Interim Report 1-9/202021.10.2020 11:00:00 CESTPress release

ORION CORPORATION INTERIM REPORT 1-9/2020 21 OCTOBER 2020 at 12:00 noon EEST Orion Group Interim Report 1-9/2020 This is a summary of Orion’s Interim Report 1-9/2020. The complete report is attached to this stock exchange release and is available at https://www.orion.fi/en/Orion-group/investors/financial-reviews-and-presentations/ Net sales were EUR 823 million (EUR 776 million in January–September 2019).Operating profit was EUR 246 (198) million.Both net sales and operating profit include a total of EUR 37 (47) million milestone payments.Profit before taxes was EUR 245 (196) million.Equity ratio was 70% (78%).ROCE before taxes was 40% (32%).ROE after taxes was 34% (28%).Basic earnings per share were EUR 1.38 (1.10).Cash flow per share before financial items was EUR 1.52 (1.28).Outlook for 2020 was updated after the review period on 19 October 2020. Orion estimates that in 2020 net sales will be at a similar level as in 2019 or slightly higher than in 2019 (net sales in 2019 were EUR 1

Prosafe SE: Q3 2020 results and audio webcast on 5 November 202021.10.2020 10:34:42 CESTPress release

Prosafe SE will release its third quarter 2020 results on 5 November 2020 at approx. 07:00 a.m. CET. The Q3 2020 report and the Q3 2020 presentation will be published on www.newsweb.no and on Prosafe’s website www.prosafe.com Jesper Kragh Andresen, CEO and Stig H. Christiansen, Deputy CEO & CFO will the same day at 10:00 a.m. CET host an audio webcast. The audio webcast can be followed at www.prosafe.com It will be possible to submit questions during the presentation by using the Q&A tool embedded in the audio webcast. These questions will be answered after the presentation. A replay of the audio webcast will be made available at www.prosafe.com shortly after. Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com Stavanger, 21 October 2020 Prosafe SE For further information, please contact: Jesper K. Andresen, CEO Phone: +47 51 65 24

Result of Riksbank´s purchases of Commercial Paper21.10.2020 10:00:00 CESTPress release

Auction date201021 Requested volume, SEK mln4,000 Credit rating class1Term3MFixed purchase rate0.45 %Total bid amount, SEK mln0,000Prel. accepted volume, SEK mln0,000Percentage alloted0.00 %Number of bids0 Credit rating class1Term6MFixed purchase rate0.55 %Total bid amount, SEK mln0,000Prel. accepted volume, SEK mln0,000Percentage alloted0.00 %Number of bids0 Credit rating class2Term3MFixed purchase rate0.75 %Total bid amount, SEK mln0,000Prel. accepted volume, SEK mln0,000Percentage alloted0.00 %Number of bids0 Credit rating class2Term6MFixed purchase rate0.85 %Total bid amount, SEK mln0,000Prel. accepted volume, SEK mln0,000Percentage alloted0.00 %Number of bids0

Recovery mitigates pandemic’s impact on central government finances21.10.2020 09:30:00 CESTPress release

Recovery mitigates pandemic’s impact on central government finances The Swedish economy is recovering after the historically large fall in GDP in the second quarter of 2020. This helps to support central government finances, reduce the borrowing requirement compared with the previous forecast and dampen the debt increase resulting from the pandemic. The Swedish National Debt Office’s new forecast shows a central government budget deficit of SEK 256 billion this year, an improvement in the budget balance by SEK 146 billion over the previous forecast from May. The reduced deficit means the Debt Office is lowering borrowing and that central government debt is not expected to increase as much as previously forecast. “The virus outbreak has had a major impact on the Swedish economy and state finances, but the development in recent months indicates it is less than we forecast in May. Not least the trend in tax income points to the start of an increasingly more apparent economic recovery, alt

Återhämtning mildrar pandemins effekter på statsfinanserna21.10.2020 09:30:00 CESTPressemelding

Återhämtning mildrar pandemins effekter på statsfinanserna Svensk ekonomi återhämtar sig efter det historiskt stora BNP-tappet under det andra kvartalet 2020. Det bidrar till att understödja statsfinanserna, minska statens lånebehov jämfört med tidigare prognos och dämpa ökningen av statsskulden till följd av pandemin. Riksgäldens nya prognos visar ett underskott i statsbudgeten på 256 miljarder kronor i år, en förbättring av budgetsaldot med 146 miljarder kronor jämfört med föregående prognos från maj. Det minskade underskottet innebär att Riksgälden drar ned statens upplåning och att statsskulden inte väntas öka lika mycket som tidigare förutspåtts. – Virusutbrottet har haft stora effekter på svensk ekonomi och statens finanser, men de senaste månadernas utveckling indikerar att de blir mindre än vi bedömde i maj. Inte minst utvecklingen av skatteinkomsterna pekar på att ekonomin har börjat återhämta sig allt tydligare, men osäkerheten är fortfarande stor, säger riksgäldsdirektör Han

Sinch AB (publ): Sinch får konkurrensgodkännande för förvärvet av SAP Digital Interconnect21.10.2020 09:04:03 CESTPressemelding

Stockholm, Sverige – Sinch AB (publ) – XSTO: SINCH Sinch AB (publ), en ledande global leverantör av molntjänster för kundinteraktion via mobilen, meddelar idag att den brittiska konkurrensmyndigheten Competition and Markets Authority har godkänt Sinchs förvärv av SAP Digital Interconnect, en enhet inom SAP. Detta innebär att godkännande erhållits i alla relevanta länder och att transaktionen nu kan slutföras som planerat under andra halvåret 2020. Sinch offentliggjorde förvärvet av SAP Digital Interconnect den 5 maj 2020. Förvärvet finansieras med tillgänglig kassa och lånefaciliteter. Sinch har ett finansiellt mål att hålla nettoskuld/justerad EBITDA under 2,5x över tid. I slutet av Q2 2020 hade Sinch nettokassa och nettoskuld/justerad EBITDA var -2,1x. Om förvärven av ACL Mobile, SAP Digital Interconnect och Wavy hade slutförts i Q2 2020 hade Proforma nettoskuld/justerad EBITDA uppgått till 2,2x. Denna beräkning inkluderar justerad EBITDA i alla förvärvade bolag under de senaste 12 m