PUBLICATION IN ACCORDANCE WITH ARTICLE 14 OF THE BELGIAN LAW OF 2 MAY 2007 REGARDING THE PUBLICATION OF MAJOR SHAREHOLDINGS (...
April 05 2018 - 1:05AM
REGULATED INFORMATION
GHENT, Belgium, 5
April 2018 - Ablynx [Euronext Brussels and
Nasdaq: ABLX] today announced, in accordance with Article 14 of
the Belgian Law of 2 May 2007 regarding the publication of major
shareholdings in issuers whose securities are admitted to trading
on a regulated market (the "Transparency Law"), that it received a
notification of shareholdings from Baker Bros. Advisors LP on 3
April 2018.
Baker Bros. Advisors LP notified
Ablynx that as a result of a disposal of voting securities, it has
downward crossed the 3% threshold on 3 April 2018 and now holds
2,176,802 voting securities of Ablynx, representing 2.89% of the
current 75,253,667 outstanding voting rights of Ablynx (versus
3.89% notified previously on 15 March 2018).
The notification contains the
following information:
-
Reason for the
notification:
-
Notification by: a parent
undertaking or a controlling person
-
Persons subject to the
notification requirement: Julian C. Baker, Felix J. Baker,
Baker Bros. Advisors (GP) LLC, Baker Bros. Advisors LP, 860
Washington Street, 3rd Floor, New
York, NY 10014, USA
-
Transaction date: 3 April
2018
-
Threshold that is crossed:
3%
-
Denominator:
75,253,667
-
Details of the
notification: Baker Bros. Advisors LP holds 2,176,802 Ablynx
shares with voting rights
-
Chain of controlled
undertakings through which the holding is effectively being
held: Baker Bros. Advisors LP (the "Investment Adviser") is the
Investment adviser to 667 LP and Baker Brothers Life Sciences LP
(the "Funds").
More information is provided in the transparency notification. Full
versions of both transparency notifications are available on Ablynx
website, under the section Investors.
The Articles of the Association of
Ablynx NV provide for shareholders notification threshold of 3%, 5%
or a multiple of 5% of the total number of existing voting
rights.
About
Ablynx
Ablynx is a biopharmaceutical
company engaged in the development of Nanobodies, proprietary
therapeutic proteins based on single-domain antibody fragments,
which combine the advantages of conventional antibody drugs with
some of the features of small-molecule drugs. Ablynx is dedicated
to creating new medicines which will make a real difference to
society. Today, the Company has more than 45 proprietary and
partnered programmes in development in various therapeutic areas
including inflammation, haematology, immuno-oncology, oncology and
respiratory disease. The Company has collaborations with multiple
pharmaceutical companies including AbbVie; Boehringer Ingelheim;
Eddingpharm; Merck & Co., Inc., Kenilworth, New Jersey, USA;
Merck KGaA; Novo Nordisk; Sanofi and Taisho Pharmaceuticals. The
Company is headquartered in Ghent, Belgium. More information can be
found on www.ablynx.com.
On 29 January 2018, Sanofi made an
offer to acquire all of Ablynx's outstanding ordinary shares
(including shares represented by American Depository Shares (ADSs),
warrants and convertible bonds) at a price of €45 per share, which
represents an aggregate equity value of approximately €3.9 billion.
The proposed transaction was unanimously approved by both the
Sanofi and Ablynx Board of Directors. The initial tender offer
commenced on 4 April 2018 and will expire on 4 May 2018, subject to
extension. Sanofi has published an offer document in which it set
out the full details of its tender offer, and the Board of
Directors of Ablynx published a response memorandum ('memorie van
antwoord'), in which it set out its position on the tender
offer.
For more
information, please contact
Ablynx:
Dr Edwin Moses
CEO
t: +32 (0)9 262 00 07
m: +32 (0)473 39 50 68
e: edwin.moses@ablynx.com
Lies Vanneste
Director Investor Relations
t: +32 (0)9 262 01 37
m: +32 (0)498 05 35 79
e: lies.vanneste@ablynx.com
Follow us on Twitter @AblynxABLX
Ablynx media
relations:
Consilium Strategic Communications
Mary-Jane Elliott, Philippa Gardner, Sukaina Virji
t: +44 (0)20 3709 5700
e: ablynx@consilium-comms.com
Joele Frank,
Wilkinson Brimmer Katcher
Dan Katcher or Joseph Sala
t: +1 212-355-4449
pdf version of the press
release
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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: Ablynx via Globenewswire
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