Asahi Kasei Pharma makes an offer for Veloxis A/S

Veloxis Pharmaceuticals A/S and Asahi Kasei Pharma Denmark A/S have today entered into a transaction agreement pursuant to which Asahi Kasei Pharma Denmark A/S will make a recommended conditional voluntary public offer to purchase all of the issued and outstanding shares and warrants in Veloxis (except for treasury shares) .Asahi Kasei Pharma Denmark A/S is a wholly-owned subsidiary of Asahi Kasei Corporation, a Japanese public corporation listed on the Tokyo Stock Exchange. The board of directors of Veloxis has unanimously decided that it will recommend the shareholders and warrantholders of Veloxis to accept the Offer. At the time of this announcement, shareholders and warrantholders representing in total 81.2 percent of the Company's share capital (on a fully diluted basis) have agreed to accept the Offer.