Galapagos Increases Share Capital Through Warrant Exercises

Mechelen, Belgium, Nov. 29, 2016 (GLOBE NEWSWIRE) -- Mechelen, Belgium; 29 November 2016 - Galapagos NV (Euronext & NASDAQ: GLPG) announces a share capital increase arising from warrant exercises.

Galapagos issued 86,250 new ordinary shares on 28 November 2016, for a total capital increase (including issuance premium) of €771,337.50.

Pursuant to the warrant exercise program of Galapagos' Executive Committee, Executive Committee members automatically are committed to exercise a minimum number of warrants, subject to certain conditions. In accordance with the rules of this program, CEO Onno van de Stolpe exercised 15,000 warrants. Two other Executive Committee members exercised an aggregate number of 65,000 warrants.

In accordance with Belgian transparency legislation [1], Galapagos notes that its total share capital currently amounts to €250,187,166.48, the total number of securities conferring voting rights is 46,256,078, which is also the total number of voting rights (the "denominator"), and all securities conferring voting rights and all voting rights are of the same category. The total number of rights (warrants) to subscribe to not yet issued securities conferring voting rights is 3,466,407, which equals the total number of voting rights that may result from the exercise of these warrants. Galapagos does not have any convertible bonds or shares without voting rights outstanding.

About Galapagos Galapagos (Euronext & NASDAQ: GLPG) is a clinical-stage biotechnology company specialized in the discovery and development of small molecule medicines with novel modes of action. Our pipeline comprises Phase 3, 2, 1, pre-clinical and discovery studies in cystic fibrosis, inflammation, fibrosis, osteoarthritis and other indications. We have discovered and developed filgotinib: in collaboration with Gilead we aim to bring this JAK1-selective inhibitor for inflammatory indications to patients all over the world. Galapagos is focused on the development and commercialization of novel medicines that will improve people's lives. The Galapagos group, including fee-for-service subsidiary Fidelta, has approximately 480 employees, operating from its Mechelen, Belgium headquarters and facilities in The Netherlands, France, and Croatia. More information at www.glpg.com.

Contacts
Investors: Media:
Elizabeth Goodwin Evelyn Fox
VP IR & CorporateCommunications+1 781 460 1784 Director Communications +31 6 53 591 999 communications@glpg.com
  Paul van der HorstDirector IR & BusinessDevelopment+31 6 53 725 199    
ir@glpg.com  

Forward-looking statements This release may contain forward-looking statements. Such forward-looking statements are not guarantees of future results. These forward-looking statements speak only as of the date of publication of this document. Galapagos expressly disclaims any obligation to update any forward-looking statements in this document, unless specifically required by law or regulation.

If you liked this article you might like

Vertex Pharma Moves Next-Generation Cystic Fibrosis Drugs Into New Clinical Trials

Celgene Skips the Placebo, Fails Drug Development 101

Seeing the Same Old Patterns Ahead of Fed News

Don’t Give Up On Gilead Sciences

3 Biotech Stocks to Buy Right Now

3 Biotech Stocks to Buy Right Now