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Regulatory press release

Targovax: TARGOVAX ASA - KEY INFORMATION RELATED TO THE SUBSEQUENT OFFERING

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Oslo, 22 January 2020: Reference is made to the stock exchange announcement by Targovax ASA (OSE:TRVX) ("Targovax" or the "Company"), earlier today regarding the successful completion of a private placement of 12,627,684 new shares in the Company (the "Private Placement") and a potential subsequent offering of up to 1,894,153 new shares (the "Subsequent Offering").

In accordance with the continuing obligations for companies listed on the Oslo Stock Exchange, the following key information is given with respect to the Subsequent Offering:

- Date on which the terms and conditions of the repair issue were announced: 22 January 2020

- Last day including right: 22 January 2020

- Ex-date: 23 January 2020

- Record date: 24 January 2020

- Date of approval: 22 January 2020*

- Maximum number of new shares: 1,894,153

- Subscription price: NOK 8.00

*Other information: The Subsequent Offering is subject to the publication of a prospectus approved by the Norwegian Financial Supervisory Authority. Notwithstanding the foregoing, the board of directors may, in its sole discretion, decide that the Company shall not carry out the Subsequent Offering.

This information is published in accordance with the requirements of the Continuing Obligations.

For further information, please contact:

Øystein Soug, CEO
Phone: +47 906 56 525
Email: oystein.soug@targovax.com

 

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