Herantis Pharma Plc
Company release, 12 May 2026 at 19:15 EEST
Herantis Pharma Plc's board decides on new option rights program for managing director, management team and other key personnel
The Board of Directors of Herantis Pharma Plc ("Herantis") has on 12 May 2026 decided on a new option rights program 2026 I. Under the new option rights program 2026 I, in aggregate up to 600,000 option rights entitling to shares may be issued to the CEO of Herantis, management team members, and other key personnel. The new option rights program is based on the authorization granted by the Annual General Meeting held on 23 April 2026. There is a weighty financial reason to issue the option rights as they will be offered to management team members and other key personnel to increase their commitment towards long-term contribution to growing shareholder value in Herantis.
The option rights will be offered without consideration. Each option right entitles to subscribe for one new ordinary share in Herantis. The share subscription price is 126% of the volume weighted average share price during 10 trading days preceding the grant date of the option rights.
Granted share options shall vest and become exercisable over a three-year period, with 1/3 becoming exercisable one year after the grant date, with an annual vesting of 1/3 during the second year after the grant date, and with an annual vesting of 1/3 during the third year after the grant date. The options expire five years after the grant date or earlier subject to customary conditions.
Any shares to be subscribed for based on the option rights of the program 2026 I will not represent more than 10% of the company's outstanding shares at any time.
Herantis Pharma Plc
The Board of Directors
For more information, please contact:
Herantis Pharma Plc, Timo Veromaa, Chair of the Board of Directors
Tel.: +358 40 573 9933
Email: ir@herantis.com
Certified Advisor:
UB Corporate Finance Ltd
Tel.: +358 9 25 380 225
E-mail: ubcf@unitedbankers.fi
About Herantis Pharma Plc
Herantis Pharma Plc is a clinical-stage biotechnology company developing disease-modifying therapies for Parkinson's disease. The Company's lead product, HER-096, is a first-in-class small peptide that combines the neuroprotective mechanism of cerebral dopamine neurotrophic factor (CDNF), with the convenience of subcutaneous administration. In a Phase 1b clinical trial, HER-096 was shown to be generally safe and well tolerated in Parkinson's disease patients. Herantis plans to advance HER-096 into a Phase 2 clinical trial in 2026 to evaluate efficacy, safety and tolerability in early-stage Parkinson's patients.
Herantis Pharma is listed on the Nasdaq First North Growth Market Finland.
Company website: www.herantis.com
