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Herantis Pharma Oyj: Herantis Pharma Plc's Board decision on new stock option program for senior employees

Herantis Pharma Plc's Board decision on new stock option program for senior

Herantis Pharma Plc
Company release 19 May 2016 at 9:00 AM

The Board of Directors of Herantis Pharma Plc ("Herantis") has decided on a
new stock option program 2016 I, according to which stock options are offered
to senior employees of the company. There is a weighty financial reason to
issue the options as they will be offered to senior employees to increase
their commitment toward long-term contribution to growing shareholder value
in Herantis.

The maximum total number of option rights issued shall be 70,000. Each option
entitles to subscribing for one ordinary share of Herantis Pharma Plc for a
subscription price of €2.92 per share. The options will be offered without

The Board of Directors of Herantis has further decided to offer 34,000 of the
new options to the senior employees currently employed by the company
excluding Managing Director. The remaining 36,000 new options will remain in
the possession of Herantis for the time being.

When deciding upon the new stock option program it has been considered that
the senior employees of Herantis have previously received 96,625 stock
options according to stock option program 2014 II, whose subscription period
ends on 31 December 2016, and whose share subscription price varies from
€7.32 to €20.73.

The stock options to be given based on the new stock option program correspond
to approximately 1.7% of all shares and votes in Herantis after all possible
share subscriptions. The new stock option program is based on the
authorization by the Annual General Meeting of Herantis on 9 April 2015.

Further information:

Herantis Pharma Plc, Pekka Simula, CEO, telephone: +358 40 7300 445
Company web

Certified Advisor: UB Securities Ltd, telephone: +358 9 25 380 246

About Herantis Pharma Plc

Herantis Pharma Plc is a drug development company focused on early clinical
development of innovative drugs in unmet clinical needs. Our special emphasis
is in regenerative medicine where the company has two first-in-class assets
based on globally leading science in their fields: CDNF for neurodegenerative
diseases, primarily Parkinson's and ALS; and Lymfactin® for breast cancer
associated lymphedema, with potential also in primary lymphedema. The shares
of Herantis are listed on the First North Finland marketplace run by Nasdaq
Helsinki stock exchange.


Nasdaq Helsinki
Main media


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Herantis Pharma Oyj via Globenewswire


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