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DGAP-Adhoc: Galapagos S.A.: Insolvency

EQS-Ad-hoc: Galapagos S.A. / Key word(s): Personnel/Insolvency 
Galapagos S.A.: NOTICE 
 
25-Aug-2019 / 17:15 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation 
(EU) No 596/2014, transmitted by EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
*NOTICE* 
 
*Galapagos S.A.* 
_Effective Place of Management:_ 
Cecilienallee 7 
40474 Düsseldorf 
Germany 
 
*Senior Secured Floating Rate Notes due 2021 
ISIN Code: XS1071411547 / XS1072185488 
5.375% Senior Secured Fixed Rate Notes due 2021 
ISIN Code: XS1071419524 / XS1072194803* 
 
Düsseldorf - 16:30 pm CET, 23 August 2019 
 
Galapagos S.A. (the "*Company*") announces that it received at its 
registered office on Friday 23 August 2019 a notification that, as part of 
the enforcement of a Luxembourg law governed share pledge agreement over the 
shares in the Company, UniCredit Bank AG, London Branch as security agent 
exercised its voting rights in relation to the shares in the Company and 
dismissed Mr Matthew Charles Turner, class A director (_administrateur de 
catégorie A_) and Mr John Samuel Keen, class B director (_administrateur de 
catégorie B_), as directors (_administrateurs_) with effect as of the date 
hereof and appointed Mr Jan Bayer as sole director of the Company, with 
effect as of the date hereof, until the general meeting of shareholders 
convened to approve the Company's annual accounts for the financial year 
2019. 
 
The head office, the principal place of business and the effective place of 
management of the Company is now located in Düsseldorf, Germany. Please take 
note that the Company's address for all notices or communications, 
effectively immediately, will therefore be changed from: 
 
20 Davis Way 
Newgate Lane 
Fareham 
Hampshire 
PO14 1AR 
United Kingdom 
 
to: 
 
Cecilienallee 7 
40474 Düsseldorf 
Germany 
Attn: Jan D. Bayer 
 
The registered address will until further notice remain at 2c Rue Albert 
Borschette, L-1246 Luxembourg. 
 
Furthermore, the Company today filed an application for the initiation of 
insolvency proceedings with the competent Local Court of Düsseldorf due to 
pending illiquidity and over-indebtedness (the "*German Proceedings*"). 
 
By way of order of 23 August 2019, 2:15 CET the Local Court of Düsseldorf 
has appointed Dr. Frank Kebekus as the preliminary insolvency administrator 
of the assets of the Company and, inter alia, ordered that no enforcement 
over the shares in, and the preferred equity certificates of, Galapagos 
BidCo S.à r.l. may occur (section 21 subsection 2 S.1 No. 5 German 
Insolvency Code (InsO)) for the duration of preliminary insolvency 
proceedings. 
 
The Company also announces that it no longer envisages implementing the 
Transaction previously announced, and as defined in, the Company's 
announcement published on 7 June 2019. 
 
This morning the Company withdrew its instructions to its counsel to proceed 
with the application in the English High Court and opposed the making of any 
administrative order in the English High Court and understands that these 
proceedings have been overtaken by the order referred to above. 
 
The German Proceedings and the Application are in respect of the Company 
only. None of the Company's subsidiaries has applied or, as far as the 
Company is aware, anticipates applying for such or similar proceedings and 
the Company does not expect either the German Proceedings or the Application 
to affect the underlying operating businesses of Kelvion and ENEXIO, which 
will continue as previously. 
 
To contact Galapagos S.A. please write to the above address FAO: Jan Bayer 
Telephone: +49 211 518 9890 / +49 172 656 8153 
Email: jbayer@bayerlaw.de 
 
**************** 
 
For further information, please contact: 
 
Jan Bayer 
Telephone: +49 211 518 9890 / +49 172 656 8153 
Email: jbayer@bayerlaw.de 
 
**************** 
 
_This announcement contains inside information of Galapagos S.A. for the 
purposes of Article 7 under Regulation (EU) 596/2014._ 
 
_Galapagos S.A. is a public limited liability company (Société Anonyme) 
incorporated under the laws of the Grand Duchy of Luxembourg, having its 
registered office at 2c Rue Albert Borschette, L-1246 Luxembourg, and being 
registered with the Luxembourg trade and companies register under number B 
186 314._ 
 
**************** 
 
25-Aug-2019 CET/CEST The EQS Distribution Services include Regulatory 
Announcements, Corporate News and Press Releases. 
Archive at www.dgap.de/international 
Language:    English 
Company:     Galapagos S.A. 
             Cecilienallee 7 
             40474 Düsseldorf 
             Germany 
ISIN:        XS1071411547, XS1072185488, XS1071419524, XS1072194803 
WKN:         A1ZJ4P 
Listed:      Foreign Exchange(s) Luxembourg Stock Exchange 
EQS News ID: 862677 
 
End of Announcement EQS News Service 
 
862677 25-Aug-2019 CET/CEST 
 
 

(END) Dow Jones Newswires

August 25, 2019 11:15 ET (15:15 GMT)

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