Mechelen, Belgium; 27 October 2010 - Galapagos NV (Euronext: GLPG) announced today that it has received two transparency notifications pursuant to the Belgian transparency legislation (Belgian Act of 2 May 2007) concerning major holdings in Belgian listed companies: one from TWE Beheer BV, TWE Investment BV, Gestion Deelnemingen IV BV, and Mr. A. Strating; and one from Crucell Holland BV.
Galapagos received a transparency notification on 21 October 2010 indicating that Mr. A. Strating and TWE Beheer BV no longer hold Galapagos shares and that TWE Investment and Gestion Deelnemingen IV BV currently hold a combined 921,255 (3.51%) Galapagos shares; this number represents a decrease from the 1,252,550 shares previously notified by these four entities, and is a separate shareholding to that of Gestion Deelnemingen V BV. Galapagos received a transparency notification on 27 October 2010 indicating that Crucell Holland BV still holds 1,236,097 Galapagos shares, which now represents 4.70% of the current outstanding shares.
To date, Galapagos' total share capital amounts to €142,178,761.07; the total number of securities conferring voting rights is 26,282,827, which is also the total number of voting rights (the "denominator"); all securities conferring voting rights and all voting rights are of the same category. The total number of rights (warrants) to subscribe to not yet issued securities which confer voting rights is 2,756,168, which is also the total number of voting rights that may result from the exercise of these warrants. Galapagos does not have outstanding any in voting securities convertible bonds nor shares without voting rights.
Galapagos (Euronext: GLPG; OTC: GLPYY) is a mid-size biotechnology company specialized in the discovery and development of small molecule and antibody therapies with novel modes-of-action. The Company is progressing one of the largest pipelines in biotech, with six clinical and over 50 small molecule discovery/pre-clinical programs. Through risk/reward-sharing alliances with GlaxoSmithKline, Lilly, Janssen Pharmaceutica, Merck & Co., Roche and Servier, Galapagos is eligible to receive up to €3.3 billion in downstream milestones, plus royalties. The Galapagos Group has over 800 employees and operates facilities in seven countries, with global headquarters in Mechelen, Belgium. More info at: www.glpg.com
Elizabeth Goodwin, Director Investor Relations
Tel: +31 6 2291 6240
This release may contain forward-looking statements, including, without limitation, statements containing the words "believes," "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," "will," "could," "stands to," and "continues," as well as similar expressions. Such forward-looking statements may involve known and unknown risks, uncertainties and other factors which might cause the actual results, financial condition, performance or achievements of Galapagos, or industry results, to be materially different from any historic or future results, financial conditions, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, the reader is advised not to place any undue reliance on such forward-looking statements. These forward-looking statements speak only as of the date of publication of this document. Galapagos expressly disclaims any obligation to update any such forward-looking statements in this document to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, unless required by law or regulation.