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uniQure Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Key Takeaway: uniQure N.V. announced the granting of equity awards to 38 employees as an inducement to commence their employment, in line with Nasdaq Listing Rule 5635(c)(4). The awards included 64,400 restricted share units and options for 36,500 ordinary shares, with a structured vesting schedule. This initiative reflects the company's ongoing commitment to attracting and retaining talent while advancing its gene therapy pipeline for severe medical conditions.

Market Sentiment Analysis

POSITIVE FACTORS

  • Equity awards granted to 38 employees indicate positive company growth and workforce investment.
  • The vesting structure over several years suggests a commitment to long-term employee retention.
  • uniQure continues to advance its pipeline of transformative gene therapies for various serious conditions.

Full Press Release Details

LEXINGTON, Mass. and AMSTERDAM, May 02, 2023 (GLOBE NEWSWIRE) -- uniQure N.V. (NASDAQ: QURE), a leading gene therapy company advancing transformative therapies for patients with severe medical needs, today announced that the Company granted equity awards to 38 employees as a material inducement to commencing their employment. The equity awards were approved by the Company’s board of directors on April 24, 2023 (the “Grant Date”) in accordance with Nasdaq Listing Rule 5635(c)(4).
In the aggregate, the employees received 64,400 restricted share units (“RSUs”) and options to purchase 36,500 ordinary shares of the Company. Each option has an exercise price of $19.72 per share, the closing price per ordinary share as reported by Nasdaq on April 24, 2023. Each option has a ten-year term and will vest over four years, with 25% of the original number of shares vesting on the first anniversary of the Grant Date and an additional 6.25% of the shares vesting in approximately equal quarterly installments over the twelve successive quarters thereafter. The RSUs will vest over three years, with one-third of the RSUs vesting annually on each successive anniversary of the Grant Date. The vesting of each option and RSU is subject to the employee’s continued service with the Company through the applicable vesting dates.
uniQure is delivering on the promise of gene therapy – single treatments with potentially curative results. We are leveraging our modular and validated technology platform to rapidly advance a pipeline of proprietary gene therapies to treat patients with hemophilia B, Huntington’s disease, refractory temporal lobe epilepsy, Fabry disease, and other diseases. www.uniQure.com
uniQure Contacts:
FOR INVESTORS: FOR MEDIA:
Chiara Russo Tom Malone
Direct: 617-306-9137 Direct: 339-970-7558
Mobile: 617-306-9137 Mobile:339-223-8541
c.russo@uniQure.com t.malone@uniQure.com

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Frequently Asked Questions

What equity awards did uniQure grant to its employees?

uniQure granted equity awards of 64,400 RSUs and options for 36,500 shares.

When were the equity awards approved by uniQure's board?

The equity awards were approved on April 24, 2023.

What is the exercise price for uniQure's options?

The exercise price for the options is $19.72 per share.

How long is the term for uniQure's options?

Each option has a ten-year term for exercise.

What diseases does uniQure aim to treat with gene therapies?

uniQure targets hemophilia B, Huntington's disease, and Fabry disease.

Last updated: May 2, 2023