BioTech GMAB

Genmab To Issue Restricted Stock Units To Board Members As Renumeration

(RTTNews) - Genmab A/S (GMAB), a biotechnology company, on Wednesday reported the results of an Extraordinary General Meeting to determine a share-based renumeration for the company's Board of Directors.

The meeting resulted in the approval of the proposal from the Board to provide its members with restricted stock units in accordance with the company's Renumeration Policy.

A total of 5,300 restricted stock units were granted to the Board cost-free, with each unit giving the owner conditional rights to receive one share in Genmab A/S worth DKK 1. The fair value of each share is equal to the closing price on the granting date, that is, DKK 2,487.

The stock units will vest on the first banking day of the month following a period of three years from the date of granting.

GMAB closed Wednesday at $36.65, down 3.04%.

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