Targovax ASA: Grant of share options
Oslo, Norway, 4 April 2017: The Board of Directors of Targovax ASA (the "Company") has resolved to grant 172,000 options to subscribe for shares in the Company to employees under the Company's long term incentive program. Each option, when exercised, will give the right to acquire one share in the Company. The options are granted without consideration. Pursuant to the vesting schedule, 25% of the options will vest 12 months after the day of grant (as long as the option holder is still employed). Thereafter, 1/36 of the remaining options will vest each month as long as the option holder