Nordic Nanovector ASA: Increased Share Capital Following Exercise of Employee Share Options

OSLO, Norway, Sept. 25, 2018 /PRNewswire/ --

A participant in Nordic Nanovector ASA's (the "Company") (OSE:NANO) previous employee share option program, not being a primary insider, has exercised a total number of 30,832 options through exercise of a corresponding number of free-standing warrants. The shares are exercised at a strike price of NOK 34 per share. Each free-standing warrant gives the right to receive one share in the Company.

Following exercise of the 30,832 free-standing warrants, the Company's registered share capital was increased by NOK 6,166.4 through issuance of 30,832 new shares, each with a nominal value of NOK 0.20, against payment of a total subscription price of NOK 1,048,288. Following the share capital increase the Company has a share capital of NOK 9,824,503 divided on 49,122,515 shares, each with a par value of NOK 0.20.

About Nordic Nanovector:

Nordic Nanovector is committed to develop and deliver innovative therapies to patients to address major unmet medical needs and advance cancer care. The Company aspires to become a leader in the development of targeted therapies for haematological cancers. Nordic Nanovector's lead clinical-stage candidate is Betalutin®, a novel CD37-targeting antibody-radionuclide-conjugate designed to advance the treatment of non-Hodgkin's Lymphoma (NHL). NHL is an indication with substantial unmet medical need, representing a growing market forecast to be worth nearly USD 20 billion by 2024. Nordic Nanovector intends to retain marketing rights and to actively participate in the commercialisation of Betalutin® in core markets.  

Further information about the Company can be found at www.nordicnanovector.com.

This information is subject to a duty of disclosure pursuant to Section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact::
Malene Brondberg,
VP Investor Relations and Corporate Communications
Cell: +44-7561-431-762
Email: ir@nordicnanovector.com 

This information was brought to you by Cision http://news.cision.com

http://news.cision.com/nordic-nanovector/r/nordic-nanovector-asa--increased-share-capital-following-exercise-of-employee-share-options,c2627487

View original content:http://www.prnewswire.com/news-releases/nordic-nanovector-asa-increased-share-capital-following-exercise-of-employee-share-options-300718407.html

SOURCE Nordic Nanovector