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2016-04-14

Targovax ASA: Resolution to increase the share capital in Targovax ASA in relation to exercise of employee options

To facilitate the exercise of vested employee options in Targovax ASA (the
"Company"), the board of directors of the Company has on 14 April 2016, in
accordance with the authorisation granted by the general meeting 14 September
2015, resolved to increase the share capital of up to NOK 59,836.60 by
issuance of up to 598,366 new shares, each with a nominal value of NOK 0.10.
Depending on the number of vested options exercised, the share capital may be
increased from NOK 2,688,380.80 to up to NOK 2,748,217.40.

The share capital increase will be registered in the Register of Business
Enterprises (NW: Foretaksregisteret
) as soon as practically possible after the exact amount of the capital
increase is determined.

For further information please contact:

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

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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: Targovax ASA via Globenewswire

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