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2016-12-06

Nordic Nanovector: Nordic Nanovector launches a private placement of new shares

Date: 06.12.2016        Press Release no: 65/2016

Not for release, publication or distribution, directly or indirectly,
in the United States of America, Canada, Japan or Australia

THIS IS A RESTRICTED COMMUNICATION AND YOU MUST NOT FORWARD IT OR ITS
CONTENTS TO ANY PERSON TO WHOM FORWARDING THIS COMMUNICATION IS
PROHIBITED BY THE LEGENDS CONTAINED HEREIN

Oslo, Norway, 6 December 2016
Nordic Nanovector ASA (OSE: NANO) ("Nordic Nanovector" or the
"Company"), announces the launch of an undocumented private placement
of up to 4,374,244 new shares, representing approximately 10% of the
outstanding share capital of the company (the "Offering"). DNB
Markets, Jefferies International Limited and ABG Sundal Collier are
acting as joint bookrunners (the "Joint Bookrunners") in connection
with the Offering.

Nordic Nanovector intends to use the net proceeds of the Offering:
? To fund a Phase 2 combination study of Betalutin® and Rituximab CD20
? To fund a Phase 1 study and GMP manufacturing for 177Lu-conjugated
chimeric antibody (anti-CD37 ARC)

? Develop new proprietary antibody production technology
? Accelerate pipeline of pre-clinical assets to clinical trials
? Prepare for commercial launch of Betalutin®
? General corporate purposes
The subscription price and the number of shares to be issued in the
Offering will be determined through an accelerated bookbuilding
process.

The bookbuilding period for the Offering opens today at 16:30 CET and
closes 7 December 2016 at 08:00 CET. The Company and the Joint
Bookrunners may, however, at any time resolve to close or extend the
bookbuilding period at their sole discretion and on short notice.

The minimum subscription and allocation amount in the Offering will be
the NOK equivalent of EUR 100,000, provided that the Company may, at
its sole discretion, allocate an amount below EUR 100,000 to the
extent applicable exemptions from the prospectus requirement pursuant
to applicable regulations, including the Norwegian Securities Trading
Act and ancillary regulations, are available. Allocation of the new
shares will be determined at the end of the bookbuilding process, and
final allocation will be made by the Company's Board of Directors at
its sole discretion, following advice from the Joint Bookrunners. The
shares to be issued in connection with the Offering will be issued
based on the board authorisation granted at the Company's annual
general meeting on 19 May 2016. In line with the shareholders'
approval, pre-emption rights of the existing shareholders are
excluded.

The Offering will be directed towards Norwegian and international
investors, in each case subject to and in compliance with applicable
exemptions from relevant prospectus or registration requirements.

Notification of allotment and payment instructions will be sent to the
applicants on or about 7 December 2016 through a notification to be
issued by the Joint Bookrunners.

Offer shares will be settled with existing and unencumbered shares in
the Company that are already listed on the Oslo Stock Exchange,
pursuant to a share lending agreement between DNB Markets (on behalf
of the Joint Bookrunners) and HealthCap VI L.P., in order to
facilitate delivery of listed shares to investors on a delivery
versus payment basis. The offer shares delivered to the subscribers
will thus be tradable from allocation. The Joint Bookrunners will
settle the share loan with new shares in the Company to be issued by
the Board of Directors pursuant to the aforementioned authorisation
granted at the annual general meeting held on 19 May 2016.

The Company, its board members, executive management and major
shareholder have all agreed with the Joint Bookrunners to a lock-up
on future share issuances and existing shareholdings, as applicable,
for a period of 180 days from the closing date, subject to customary
and de minimis exceptions.

The Company will announce the final number of offer shares placed and
the final subscription price in the Offering in a stock exchange
announcement expected to be published before opening of trading on
the Oslo Stock Exchange tomorrow, 7 December 2016. The Offering is
subject to final approval by the Company's Board of Directors.

For further information, please contact:
For Nordic Nanovector
IR enquiries:
Luigi Costa, Chief Executive Officer
Cell: +41 79 124 8601
Tone Kvåle, Chief Financial Officer
Cell: +47 91 51 95 76
Email: ir@nordicnanovector.com

Media enquiries:
Mark Swallow/David Dible (Citigate Dewe Rogerson)
Tel: +44 207 282 2948/+44 207 282 2949
Email: nordicnanovector@citigatedr.co.uk

About Nordic Nanovector:
Nordic Nanovector is a biotech company focusing on the development and
commercialisation of novel targeted therapeutics in haematology and
oncology. The Company's lead clinical-stage product opportunity is
Betalutin®, the first in a new class of
Antibody-Radionuclide-Conjugates (ARC) designed to improve upon and
complement current options for the treatment of non-Hodgkin Lymphoma
(NHL). NHL is an indication with substantial unmet medical need and
orphan drug opportunities, representing a growing market worth over
$12 billion by 2018.

Betalutin® comprises a tumour-seeking anti-CD37 antibody, lilotomab,
conjugated to a low intensity radionuclide (lutetium-177). The
preliminary data has shown promising efficacy and safety profile in
an ongoing Phase 1/2 study in a difficult-to-treat NHL patient
population. The Company is aiming at developing Betalutin® for the
treatment of major types of NHL with first regulatory submission
anticipated in 1H 2019.

Nordic Nanovector intends to retain marketing rights and to actively
participate in the commercialisation of Betalutin® in core markets,
while exploring potential distribution agreements in selected
geographies. The Company is committed to developing its pipeline of
innovative targeted immunoconjugate therapies for multiple selected
cancer indications.

Further information about the Company can be found at
www.nordicnanovector.com

This information is subject to the disclose requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act.

Important Notices
This document is not an offer to sell or a solicitation of offers to
purchase or subscribe for shares. Copies of this document may not be
sent to jurisdictions, or distributed in or sent from jurisdictions,
in which this is barred or prohibited by law. The information
contained herein shall not constitute an offer to sell or the
solicitation of an offer to buy, in any jurisdiction in which such
offer or solicitation would be unlawful prior to registration,
exemption from registration or qualification under the securities
laws of any jurisdiction.

This document is not for publication or distribution in the United
States of America, Canada, Australia or Japan and it does not
constitute an offer or invitation to subscribe for or purchase any
securities in such countries or in any other jurisdiction. In
particular, the document and the information contained herein should
not be distributed or otherwise transmitted into the United States of
America or to U.S. persons (as defined in the U.S. Securities Act of
1933, as amended (the "Securities Act")) or to publications with a
general circulation in the United States of America. This document is
not an offer for sale of securities in the United States. The
securities referred to herein have not been and will not be
registered under the Securities Act, or the laws of any state, and
may not be offered or sold in the United States of America absent
registration under or an exemption from registration under Securities
Act. Nordic Nanovector does not intend to register any part of the
offering in the United States, There will be no public offering of
the securities in the United States of America. Any public offering
in the United States would be made by means of a prospectus
containing detailed information about the company and management, as
well as financial statements.

The information contained herein does not constitute an offer of
securities to the public in the United Kingdom. No prospectus
offering securities to the public will be published in the United
Kingdom. This document is only being distributed to and is only
directed at (i) persons who are outside the United Kingdom or (ii) to
investment professionals falling within article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (the "Order") or (iii) high net worth entities, and other
persons to whom it may lawfully be communicated, falling within
article 49(2)(a) to (d) of the Order (all such persons together being
referred to as "relevant persons"). The securities are only available
to, and any invitation, offer or agreement to subscribe, purchase or
otherwise acquire such securities will be engaged in only with,
relevant persons. Any person who is not a relevant person should not
act or rely on this document or any of its contents.

Any offer of securities to the public that may be deemed to be made
pursuant to this communication in any member state of the European
Economic Area (each an "EEA Member State") that has implemented
Directive 2003/71/EC (together with the 2010 PD Amending Directive
2010/73/EU, including any applicable implementing measures in any
Member State, the "Prospectus Directive") is only addressed to
qualified investors in that Member State within the meaning of the
Prospectus Directive.

Investing in securities involves certain risks. You should read the
Risk Factors contained in the prospectus dated 10 March 2015
(available at
http://www.nordicnanovector.com/investor-relations/reports-and-presentat...),
but they should be read in light of any new or additional information
contained in any further publicly available information since the
date of the prospectus.

This publication may contain specific forward-looking statements, e.g.
statements including terms like "believe", "assume", "expect",
"forecast", "project", "may", "could", "might", "will" or similar
expressions. Such forward-looking statements are subject to known and
unknown risks, uncertainties and other factors which may result in a
substantial divergence between the actual results, financial
situation, development or performance of Nordic Nanovector and those
explicitly or implicitly presumed in these statements. Against the
background of these uncertainties, readers should not rely on
forward-looking statements. Nordic Nanovector assumes no
responsibility to update forward-looking statements or to adapt them
to future events or developments.

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http://news.cision.com/nordic-nanovector/r/nordic-nanovector-launche...

Författare WKR

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