Cosmo Pharmaceuticals N.V. and Cassiopea S.p.A. Announce Settlement of Public Exchange Offer for All Publicly Held Shares in Cassiopea S.p.A.
Ad hoc announcement pursuant to Art. 53 LR
Dublin, Ireland and Lainate, Italy – 17 December 2021 – Cosmo Pharmaceuticals N.V. (SIX: COPN) (“Cosmo”) and Cassiopea S.p.A. (SIX: SKIN) (“Cassiopea”) announce the settlement of the public exchange offer by Cosmo in accordance with articles 125 et seq. of the Federal Act on Financial Markets Infrastructure and Market Conduct in Securities and Derivatives Trading of 19 June 2015 for all publicly held registered shares in Cassiopea (“Offer”).
Today, the settlement and delivery of the 2’506’039 new Cosmo shares issued in the context of the Offer will take place, for which the listing and admission to trading will take place on 20 December 2021.
Cosmo now holds approximately 96.5% of the Cassiopea shares currently issued and will initiate the delisting of Cassiopea shares from SIX Swiss Exchange.
Cassiopea’s business activities will be integrated into Cosmo’s newly established dermatology division.
The payment of the cash compensation for any fractional Cassiopea shares is expected to take place on 23 December 2021.
About Cosmo Pharmaceuticals
Cosmo is a specialty pharmaceutical company focused on developing and commercialising products to treat selected gastrointestinal disorders and improve endoscopy quality measures through aiding the detection of colonic lesions. Cosmo has also developed medical devices for endoscopy and has a partnership with Medtronic for the global distribution of GI Genius™ its artificial intelligence device that uses artificial intelligence to help detect potential signs of colon cancer. Cosmo has licensed Aemcolo® to Red Hill Biopharma Ltd. for the US and has licensed Relafalk® to Dr. Falk Gmbh for the EU and other countries. For additional information on Cosmo and its products please visit the Company’s website:www.cosmopharma.com
About Cassiopea
Cassiopea is a specialty pharmaceutical company developing and preparing to commercialize prescription drugs with novel mechanisms of action (MOA) to address long-standing and essential dermatological conditions, particularly acne, androgenetic alopecia (or AGA) and genital warts. Cassiopea is investing in innovation that is driving scientific advancement in areas that have been largely ignored for decades. The portfolio comprises four unencumbered clinical candidates, for which Cassiopea owns the worldwide rights. The Company’s strategy is to leverage this expertise to optimize the commercial potential for its products directly or with partners. For further information on Cassiopea, please visit www.cassiopea.com.
Contact
Niall Donnelly, CFO & Head of Investor Relations
Cosmo Pharmaceuticals N.V.
Tel: +353 1 817 03 70
ndonnelly@cosmopharma.com
Diana Harbort, CEO & Head of Investor Relations
Cassiopea S.p.A.
Tel: +39 02 868 911 24,
dharbort@cassiopea.com