Zealand Pharma Increases its Share Capital as a Consequence of Exercise of Employee Warrants

GlobeNewswire08-23

Company announcement – No. 41 / 2024 Zealand Pharma Increases its Share Capital as a Consequence of Exercise of Employee Warrants Copenhagen, Denmark, August 22, 2024 – Zealand Pharma A/S (“Zealand”) ...

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The increase is a consequence of the exercise of warrants granted undertwo of Zealand Pharma's employee warrant programs.The exercise price was DKK 224.40 per share for 3,000 of new shares under one employee warrant program and DKK 224.40 per share as well for 10,000 of new shares related to another employee warrant program. The total proceeds to Zealand from the capital increase amount to DKK 2,917,200.00.The new shares give rights to dividend and other rights from the time of the warrant holder's exercise notice. Each new share carries one vote at Zealand Pharma’s general meetings. Zealand Pharma has only one class of shares.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ZEAL":"Zealand Pharma A/S","ZLDPF":"Zealand Pharma A/S","BK4139":"生物科技"},"translate_title":"Zealand Pharma因行使员工认股权证而增加股本","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ZEAL":1,"ZLDPF":0.9},"content_text":"Company announcement – No. 41 / 2024\nZealand Pharma Increases its Share Capital as a Consequence of Exercise of Employee Warrants\nCopenhagen, Denmark, August 22, 2024 – Zealand Pharma A/S (“Zealand”) (NASDAQ: ZEAL) (CVR-no. 20 04 50 78), a Copenhagen-based biotechnology company focused on the discovery and development of innovative peptide-based medicines, has increased its share capital by a nominal amount of DKK 13,000 divided into 13,000 new shares with a nominal value of DKK 1 each. The increase is a consequence of the exercise of warrants granted under two of Zealand Pharma's employee warrant programs.\nEmployee warrant programs are part of Zealand Pharma’s incentive scheme, and each warrant gives the owner the right to subscribe for one newly issued Zealand Pharma share at a prespecified price, the exercise price, in specific predefined time periods before expiration. For a more detailed description of Zealand Pharma’s warrant programs, see the company’s Articles of Association, which are available on the website: www.zealandpharma.com.\nThe exercise price was DKK 224.40 per share for 3,000 of new shares under one employee warrant program and DKK 224.40 per share as well for 10,000 of new shares related to another employee warrant program. The total proceeds to Zealand from the capital increase amount to DKK 2,917,200.00.\nThe new shares give rights to dividend and other rights from the time of the warrant holder's exercise notice. Each new share carries one vote at Zealand Pharma’s general meetings. Zealand Pharma has only one class of shares.\nThe new shares will be listed on Nasdaq Copenhagen after registration of the capital increase with the Danish Business Authority. Following registration of the new shares, the share capital of Zealand Pharma will be nominal DKK 71,013,761 divided into 71,013,761 shares with a nominal value of DKK 1 each.\nA full copy of the amended Articles of Association can be found at https://www.zealandpharma.com once registered with the Danish Business Authority.\n# # #\nAbout Zealand Pharma A/S\nZealand Pharma A/S (Nasdaq: ZEAL) (\"Zealand\") is a biotechnology company focused on the discovery and development of peptide-based medicines. More than 10 drug candidates invented by Zealand have advanced into clinical development, of which two have reached the market and three candidates are in late-stage development. The company has development partnerships with a number of blue-chip pharma companies as well as commercial partnerships for its marketed products.\nZealand was founded in 1998 and is headquartered in Copenhagen, Denmark, with a presence in the U.S. that includes Boston. For more information about Zealand’s business and activities, please visit www.zealandpharma.com.\nContact:Anna Krassowska, PhDVice President, Investor Relations & Corporate CommunicationsZealand PharmaEmail: AKrassowska@zealandpharma.com\nAdam LangeInvestor Relations OfficerZealand PharmaEmail: ALange@zealandpharma.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2461372736"}