Affitech investor Trans Nova Investments is granted an exemption
26-05-10 kl. 26/5 2010 14:44 | Affitech 0,05 (-44,44%)
Release No 19/2010
Affitech investor Trans Nova Investments is granted an exemption from the
obligation to make a public offer to acquire the remaining shares of Affitech
A/S
* Affitech A/S' majority investor Trans Nova Investments Limited, who owns
53.3% of Affitech A/S' shares has received an exemption from the Danish
Financial
Supervisory Authority from the obligation to make a public offer to all
shareholders to acquire the remaining shares of Affitech A/S
Copenhagen and Oslo 26th May, 2010
Affitech A/S, (NASDAQ OMX: AFFI), the antibody medicines company, today
announced on behalf of Affitech A/S and its majority investor Trans Nova
Investments Limited ("Trans Nova?), who owns 53.3% of the shares in Affitech
A/S, that Trans Nova today by the Danish Financial Supervisory Authority has
been granted an exemption from the obligation to make a public offer to all
shareholders to acquire the remaining shares of Affitech A/S. Consequently, no
such offer will be made by Trans Nova.
Reference is made to Affitech A/S' Company Announcement No 8/2010 of 21 April
2010.
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| For more information please contact: |
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| |
| Affitech A/S: |
| |
| Randi Krogsgaard, Corporate Communications and IR |
| Tel # +45 2320 1001 |
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About Affitech
Affitech A/S is a publicly traded (NASDAQ OMX Copenhagen) therapeutic antibody
company headquartered in Copenhagen, Denmark with R&D facilities in Oslo,
Norway. The company utilises a range of proprietary antibody technologies for
the discovery of therapeutic antibodies for application in oncology,
inflammation and other disease areas. CBAS? (Cell Based Antibody Selection) is
Affitech A/S's premier technology platform for the isolation of lead antibodies
to cell surface targets. Several of the Company's proprietary drug candidates
were generated by CBAS?. Further information is available at www.affitech.com.
Disclaimer
This news release contains forward-looking statements and forecasts based on
uncertainty, since they relate to events and depend on circumstances that will
occur in the future and which, by their nature, will have an impact on results
of the financial condition and operations of Affitech A/S. There are many
factors that could cause actual results and developments to differ materially
from those expressed or implied by these forward-looking statements and
forecasts. These factors include, among other things, risks associated with
technological development, the risk that research & development will not yield
new products that achieve commercial success, the impact of competition, the
ability to transact viable and profitable commercial deals, the risk of
non-approval of patents not yet granted, and difficulties of obtaining relevant
governmental approvals for new products.
No expressed or implied representations or warranties are given concerning
Affitech A/S or the accuracy or completeness of the information provided herein,
and no claims shall be made by the recipient of this news release by virtue of
the information contained herein.
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