Genmab (GMAB) has released an update.
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Genmab A/S, a company focused on medical research and the production and sale of related products, has updated its Articles of Association to authorize potential share capital increases and issuance of warrants and convertible debt instruments until March 2029. These financial instruments allow for capital raises without existing shareholder pre-emption rights and aim to encourage employee participation through warrants, with the Board of Directors setting the terms and amending the Articles as needed. The shares, whether from warrant conversion or direct issuance, will share the same rights as current shares and be registered in the name of the holder.
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