Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 397

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 16I
Chunk 397
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Weighted average exercise price (€) € 25.88 € 26.90 26.90 35.97 35.05
Weighted average share price at acceptance date (€) € 26.00 € 23.80 23.80 38.53 38.63
Weighted average fair value at the acceptance date (€) € 10.57 € 9.78 9.11 16.61 15.96
Weighted average historical (2024)/estimated (before 2024) volatility (%) 41.73 42.19 42.19 36.89 36.67
Weighted average expected life of the subscription rights (years) 5.28 6.22 5.44 6.14 5.38
Weighted average risk free rate (%) 2.17 2.56 2.58 2.77 2.74
Expected dividends None None None None None
2022 (A) 2022 (B)
January 13 January 26
Exercise Price (€) € 46.18 € 50.00 57.46 57.46 51.58
Weighted average share price at acceptance date (€) € 46.21 € 56.67 51.64 51.64 44.55
Weighted average fair value at the acceptance date (€) € 16.10 € 24.53 20.73 18.92 17.07
Weighted average historical (2024)/estimated (before 2024) volatility (%) 41.80 40.80 42.59 42.65 41.75
Weighted average expected life of the subscription rights (years) 4.72 5.95 6.37 5.36 5.68
Weighted average risk free rate (%) ( 0.13) 0.67 1.33 1.26 2.70
Expected dividends None None None None None
The exercise price of the subscription rights is determined pursuant to the applicable provisions of the Belgian Law of March 26, 1999.
The weighted average estimated volatility is calculated on the basis of the implied volatility of the share price over the weighted average expected life of the subscription rights. For the plans issued in 2024 we used the historical volatility.
The weighted average expected life of