Intercell AG

EANS-News: Intercell AG
Intercell and Vivalis provide update on the progress towards intended merger

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.

Company Information

Wien (euro adhoc) - Nantes (France) and Vienna (Austria), January 28, 2013 - On
16 December 2012, Vivalis SA ("Vivalis") and Intercell AG ("Intercell")
announced their intention to merge and form Valneva SE ("Valneva"). The merger
is progressing well, in line with the timeline communicated at time of

* The French merger document (Document E) has been registered by the Autorité
des marchés financiers (AMF) on 23 January 2013

* The full set of applicable merger documents have been made available on
Intercell and Vivalis websites

* Intercell and Vivalis General Meetings have been convened and will take place
on 27 February 2013 and 4 March 2013 respectively

* Merger is expected to close in May 2013, after which Valneva intends to launch
a EUR 40 million capital increase, subject to regulatory approval

Additionally, Vivalis and Intercell have finalized the proposed governance of
Valneva, agreeing on the following initial Supervisory Board (Conseil de
Surveillance) composition:

* Frédéric Grimaud (Chairman), Alain Munoz and Michel Gréco proposed by Vivalis

* Prof. Alexander von Gabain, James Sulat, and Prof. Hans Wigzell proposed by

* Anne-Marie Graffin proposed by the Fonds Stratégique d'Investissement ("FSI"),
to be nominated upon closing of the planned capital increase

In addition to the listing of Valneva Ordinary Shares on NYSE Euronext Paris and
on the Vienna Stock Exchange, Vivalis and Intercell have decided to also apply
for the listing of the Preferred Shares on Euronext Paris, upon completion of
the merger. 

Thomas Lingelbach, future President and Chief Executive Officer of Valneva, and
Franck Grimaud, future President and Chief Business Officer commented: "We are
extremely pleased with the progress made on the merger and are moving according
to our planned timeline. We expect the merger to close in May and are ready and
very enthusiastic about the next phase."

Further inquiry note:
Intercell AG
Nina Waibel
Corporate Communications
Tel. +43 1 20620-1222

end of announcement                               euro adhoc 

company:     Intercell AG
             Campus Vienna Biocenter  3
             A-1030 Wien 
phone:       +43 1 20620-0
FAX:         +43 1 20620-800
sector:      Biotechnology
ISIN:        AT0000612601
indexes:     ATX Prime
stockmarkets: official market: Wien 
language:   English

Weitere Meldungen: Intercell AG

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