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Mar 20, 2017

Veloxis Increases Share Capital in Connection with Exercise of Warrants

Company Release no. 06/2017

 

To: NASDAQ Copenhagen A/S                                 Copenhagen, Denmark, 20 March 2017

   

Veloxis Increases Share Capital in Connection with Exercise of Warrants  

 

Veloxis Pharmaceuticals A/S announces that the Company's capital has been increased by 2,233,300 new shares with a nominal value of DKK 0.10 each corresponding to nominal DKK 223,330 as a consequence of the exercise of warrants by former employees of the Company granted under the Company's warrant program.

As a result of the employee's investment in the Company, proceeds to Veloxis Pharmaceuticals A/S from the capital increase amounts to DKK 781,655. 

The subscription prices for the new shares is DKK 0.35 per share of nominal DKK 0.10.

The new shares will be listed on NASDAQ Copenhagen following registration of the capital increase with the Danish Business Authority, upon which the share capital of Veloxis Pharmaceuticals A/S will be DKK 170,560,718.10 divided into shares of DKK 0.10 each. 

Each share of nominal DKK 0.10 carries one vote at general meetings in Veloxis Pharmaceuticals A/S.  The new shares give rights to dividend and other rights from the time of registration of the capital increase with the Danish Business Authority.

   

For more information, please contact:

Craig A. Collard

President & CEO          

Phone: +1 919 591 3090         

Email: cac@veloxis.com

 

About Veloxis Pharmaceuticals

Veloxis Pharmaceuticals A/S is a commercial-stage specialty pharmaceutical company committed to improving the lives of transplant patients.  A Danish company, Veloxis Pharmaceuticals A/S operates in the U.S. through Veloxis Pharmaceuticals Inc., a wholly-owned subsidiary headquartered in Cary, North Carolina, USA.  Veloxis has successfully developed Envarsus XR (tacrolimus extended-release tablets) based upon the company's unique and patented delivery technology, MeltDose®, which is designed to enhance the absorption and bioavailability of select orally administered drugs. The company is focused on the direct commercialization of Envarsus XR in the US, expansion of partnerships for markets around the world, and acquisition of assets utilized in transplant patients and by adjacent medical specialties. Veloxis is listed on the NASDAQ OMX Copenhagen under the trading symbol OMX: VELO. 

For further information, please visit www.veloxis.com.