GENTICEL : Implementation of a Programmed Trading Mandate

information fournie par Actusnews •06/03/2015 à 19:00

Genticel (Euronext Paris and Brussels: FR0011790542 - GTCL), a French biotechnology company and leading developer of therapeutic vaccines, today announces that Edmond de Rothschild Investment Partners (EdRIP), a Supervisory Board member, has conferred a programmed trading mandate to an independent investment bank, Oddo Corporate Finance, for EdRIP's funds, shareholders in Genticel.

This programmed trading mandate concerns the divestment of a maximum of 865,427 shares, representing approximately 5.6% of Genticel's shares outstanding as of March 6 ^th , 2015, over a 12-month maximum period beginning on June 4 ^th , 2015. Thi s partial divestment is necessary because certain of EdRIP's funds will reach maturity during the mandate's period. The programmed trading mandate will be implemented in accordance with the terms and conditions, effective as of November 3 ^rd 2010, stipulated in Recommendation n°2010-07 of the Autorité des marchés financiers (France's stock market regulators).

Financial calendar 2015

Upcoming Genticel meetings with investors

About Genticel
Genticel is a French biopharmaceutical company specialized in the development of therapeutic vaccines aimed at eliminating, at an early stage, the human papillomavirus (HPV) responsible for cervical cancer.

Genticel's most advanced candidate therapeutic vaccine, ProCervix, is currently in a Phase 2 clinical trial. ProCervix is designed to induce the elimination of cervical cells infected with HPV 16 and/or HPV 18. The company has also established Vaxiclase, a technology platform ideally adapted for use in early-intervention immunotherapies against multiple infectious or cancerous diseases. This platform is being used to develop a second therapeutic vaccine candidate, now in its preclinical stage, targeting six of the most pertinent HPV strains in terms of global epidemiology.

Genticel is based in Paris and Toulouse and was awarded 2014 “Prix Biotech d'Avenir” (Most Promising Biotech) in the SW France category of the Deloitte Technology Fast 50 Benchmark.

Since April 4, 2014, Genticel shares have been listed on the regulated Euronext markets in Paris and Brussels.

For more information, please visit Genticel's website, www.genticel.com