Targovax ASA: Mandatory notification of trade by primary insider in connection with settlement of RSUs
1. Settlement of vested restricted stock units ("RSUs") Robert Burns, member of the board of directors of Targovax ASA (the "Primary Insider"), has on 25 August 2017 subscribed for 40,984 shares in Targovax ASA at a price of NOK 0.10 per share in connection with settlement of vested RSUs. 2. Transfer of rights and sale of shares Following the subscription, the Primary Insider transferred 40,984 rights to receive shares from the settlement of the RSUs to a third party to sell the corresponding amount of shares in the market in order to cover the Primary Insider's tax cash impact