Oslo, Norway, 21 October 2020
Nordic Nanovector ASA (the "Company") announces that an extraordinary general
meeting ("EGM") in the Company was held today at the Company's offices in
Kjelsåsveien 168B, 0884 Oslo. The EGM approved all items on the agenda,
including the authorisation to the board of directors to increase the share
capital in connection with a potential repair offering as announced on 23 and 30
September 2020, and the authorisation to the board of directors to increase the
share capital by up to 20%. The minutes from the EGM are attached and are also
available at www.nordicnanovector.com.
As previously announced, a repair offering is subject to (i) the prevailing
market price of the Company's shares not being lower than the subscription price
of NOK 17.50 as determined in the private placement resolved by the board of
directors on 23 September 2020 and (ii) relevant corporate resolutions being
passed by the Company, including the approval by the Board. The Company expects
to announce an update as to the implementation of a repair offering shortly.
For further information, please contact:
IR enquiries Malene Brondberg, CFO
Cell: +44 7561 431 762
Mark Swallow/Frazer Hall/David Dible (Citigate Dewe Rogerson)
Tel: +44 203 926 8535
About Nordic Nanovector:
Nordic Nanovector is committed to develop and deliver innovative therapies to
patients to address major unmet medical needs and advance cancer care. The
Company aspires to become a leader in the development of targeted therapies for
haematological cancers. Nordic Nanovector's lead clinical-stage candidate is
Betalutin®, a novel CD37-targeting antibody-radionuclide-conjugate designed to
advance the treatment of non-Hodgkin's lymphoma (NHL). NHL is an indication with
substantial unmet medical need, representing a growing market forecast to be
worth nearly USD 29 billion by 2026. Nordic Nanovector retains global marketing
rights to Betalutin® and intends to actively participate in the
commercialisation of Betalutin® in the US and other major markets.
Further information can be found at www.nordicnanovector.com.