On June 9, 2020 Oncology Venture A/S (Nasdaq First North Stockholm: OV.ST) ("OV" or the "Company") reported that it will issue 751,879 shares at a price per share of SEK 1.33 to Negma Group LTD (Press release, Oncology Venture, JUN 9, 2020, View Source,LTD%20and%20Park%20Partners%20GB.&text=Negma%20Group%20Ltd.%20has%20today,of%20nominal%20DKK%200.05%20each. [SID1234560938]).

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The share issue is carried out pursuant to the convertible note agreement with Negma Group LTD and Park Partners GB.

Oncology Venture announced on April 3rd, 2020, that it has called upon the first tranche of convertible notes of SEK 10 million in line with the terms from the financing agreement communicated on March 31st, 2020. Negma Group Ltd. has today requested to convert SEK 1,000,000 of the notes into 751,879 shares of nominal DKK 0.05 each.

The conversion price is fixed at SEK 1.33 per share of nominal DKK 0.05 share and has been calculated as 95% of the lowest VWAP share price of the seven consecutive trading days prior the receipt of the conversion request, excluding trading days on which the closing VWAP is lower than 90 % of the average closing VWAP over the pricing period otherwise calculated.

The registered share capital of Oncology Venture will after the conversion be nominal DKK 8,011,647.85 divided into 160,232,957 shares of nominal DKK 0,05 each.