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Galapagos receives transparency notifications

12 May 2011 at 18:00 CET

Mechelen, Belgium; 12 May 2011 - Galapagos NV (Euronext: GLPG) announced today that it has received transparency notifications pursuant to the Belgian transparency legislation (Belgian Act of 2 May 2007) concerning major holdings in Belgian listed companies from Aviva plc and Delta Lloyd NV. 

 

Galapagos received transparency notifications on 9 May 2011 from Aviva and from Delta Lloyd and its subsidiary Delta Lloyd Asset Management NV.  The direct participation in Galapagos is held by Delta Lloyd Asset Management.  Aviva has reduced its stake in Delta Lloyd  to 40% and as a result Delta Lloyd and its Group of Companies are no longer considered to be a subsidiary of Aviva.  Therefore, the indirect participation of Aviva in Galapagos is reduced to zero shares.  Delta Lloyd Asset Management holds 3,000,000 Galapagos shares, which represent 11.36% of the current 26,411,480 outstanding Galapagos shares.  This participation represents an increase from the previous 2,485,000 shares notified by Aviva in December 2008.

 

About Galapagos
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 programs in development and over 50 discovery programs.  Through risk/reward-sharing alliances with GlaxoSmithKline, Eli Lilly, Janssen Pharmaceutica, Roche and Servier, Galapagos is eligible to receive up to 2.5 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

 

CONTACT

 

Galapagos NV
Elizabeth Goodwin, Director Investor Relations
Tel: +31 6 2291 6240
ir@glpg.com

 

 

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.

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