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TARGOVAX ASA – REGISTRATION OF SHARE CAPITAL INCREASE FOLLOWING THE PRIVATE PLACEMENT

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Oslo, 22 October 2020: Reference is made to the stock exchange announcement by Targovax ASA (OSE:TRVX) ("Targovax" or the "Company"), a clinical stage immuno-oncology company developing oncolytic viruses to target hard-to-treat solid tumor, on 14 October 2020, regarding a successfully completed private placement of new shares in the Company (the "Private Placement").
 

The NOK 1,034,482.80 share capital increase pertaining to the Private Placement has now been registered with the Norwegian Register of Business Enterprises. The new share capital of the Company is NOK 8,652,059.20, divided into 86,520,592 shares, each with a par value of NOK 0.10.

The new shares issued in the Private Placement will be listed on the Oslo Stock Exchange today.

For further information, please contact:

Torbjørn Furuseth, CFO
Phone: +47 932 11 101
Email: torbjorn.furuseth@targovax.com

About Targovax

Activating the patient's immune system to fight cancer

Targovax (OSE:TRVX) is a clinical stage immuno-oncology company developing oncolytic viruses to target hard-to-treat solid tumors. Targovax’s lead product candidate, ONCOS-102, is a genetically modified oncolytic adenovirus, which has been engineered to selectively infect cancer cells and activate the immune system to fight the cancer.

ONCOS-102 is currently being tested in mesothelioma, melanoma and peritoneal malignancies and has already shown promising clinical results both as monotherapy and in combination with chemotherapy, and a checkpoint inhibitor.

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