Exercise of employee share options in Targovax ASA
Reference is made to stock exchange notice of 14 April 2016 regarding increase of the share capital in Targovax ASA (the "Company") relating to exercise of employee options. As per 29 April 2016, 21,559 shares each with a par value of NOK 0.10 were subscribed by employees, including certain former employees and members of the management of the Company, holding vested options. The new share capital in the Company will accordingly be NOK 2,690,536,7. The share capital increase will be registered in the Register of Business Enterprises (NW: Foretaksregisteret) as soon as practically possible.