ADC Therapeutics Makes Grants to New Employees Under Inducement Plan
ADC Therapeutics (NYSE: ADCT), a commercial-stage leader in antibody drug conjugates, has granted stock options for 127,000 common shares to three new employees as employment inducement awards. The grants were approved by the Company's Compensation Committee under the Inducement Plan.
The options will vest over a four-year period, with 25% vesting on the first anniversary and the remaining vesting monthly thereafter, contingent on continued employment. These grants were made under NYSE's Listed Company Manual Rule 303A.08 employment inducement exemption.
ADC Therapeutics (NYSE: ADCT), azienda leader nel settore degli anticorpi coniugati a uso commerciale, ha concesso opzioni su 127.000 azioni ordinarie a tre nuovi dipendenti come incentivi all'assunzione. Le assegnazioni sono state approvate dal Comitato per la Remunerazione della Società secondo il Piano di Incentivazione.
Le opzioni matureranno in un periodo di quattro anni, con il 25% che matura al primo anniversario e il resto che matura mensilmente successivamente, a condizione che l'impiego continui. Queste assegnazioni sono state effettuate in conformità con l'esenzione per incentivi all'assunzione prevista dalla Regola 303A.08 del Manuale per le Società Quotata alla NYSE.
ADC Therapeutics (NYSE: ADCT), lÃder en el mercado comercial de conjugados de anticuerpos y fármacos, ha otorgado opciones sobre acciones para 127,000 acciones comunes a tres nuevos empleados como premios por inducción laboral. Las concesiones fueron aprobadas por el Comité de Compensación de la CompañÃa bajo el Plan de Inducción.
Las opciones se consolidarán durante un perÃodo de cuatro años, con un 25% consolidado en el primer aniversario y el resto consolidándose mensualmente después, condicionado a la continuidad del empleo. Estas concesiones se hicieron bajo la exención por inducción laboral de la Regla 303A.08 del Manual de Empresas Listadas de la NYSE.
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ADC Therapeutics (NYSE : ADCT), un leader en phase commerciale dans les conjugués anticorps-médicaments, a accordé des options d'achat d'actions pour 127 000 actions ordinaires à trois nouveaux employés en tant que récompenses d'incitation à l'embauche. Les attributions ont été approuvées par le comité de rémunération de la société dans le cadre du plan d'incitation.
Les options seront acquises sur une période de quatre ans, avec 25 % acquis à la première année et le reste acquis mensuellement par la suite, sous réserve de la poursuite de l'emploi. Ces attributions ont été faites conformément à l'exemption d'incitation à l'embauche de la règle 303A.08 du manuel des sociétés cotées de la NYSE.
ADC Therapeutics (NYSE: ADCT), ein führendes Unternehmen im Bereich Antikörper-Wirkstoff-Konjugate in der kommerziellen Phase, hat Aktienoptionen für 127.000 Stammaktien an drei neue Mitarbeiter als Einstellungsanreize gewährt. Die Zuteilungen wurden vom Vergütungsausschuss des Unternehmens gemäß dem Anreizplan genehmigt.
Die Optionen werden über einen Zeitraum von vier Jahren unverfallbar, wobei 25 % am ersten Jahrestag unverfallbar werden und der Rest danach monatlich, vorbehaltlich einer fortdauernden Beschäftigung. Diese Zuteilungen erfolgten unter der Beschäftigungsanreiz-Ausnahme gemäß Regel 303A.08 des NYSE Listed Company Manuals.
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The Grants were offered as material inducement to the employees' employment. The grants were approved by the Compensation Committee of the Company's Board of Directors pursuant to the Company's Inducement Plan to motivate and reward the recipients to perform at the highest levels and contribute significantly to the success of the Company. The Grants were made in reliance on the employment inducement exemption under the NYSE's Listed Company Manual Rule 303A.08.
The Company is issuing this press release pursuant to Rule 303A.08. The Grants shall vest and become exercisable
About ADC Therapeutics
ADC Therapeutics (NYSE: ADCT) is a commercial-stage global leader and pioneer in the field of antibody drug conjugates (ADCs), transforming treatment for patients through our focused portfolio with ZYNLONTA and a PSMA-targeting ADC.
ADC Therapeutics' CD19-directed ADC ZYNLONTA (loncastuximab tesirine-lpyl) received accelerated approval by the FDA and conditional approval from the European Commission for the treatment of relapsed or refractory diffuse large B-cell lymphoma after two or more lines of systemic therapy. ZYNLONTA is also in development in combination with other agents and in earlier lines of therapy. In addition to ZYNLONTA, ADC Therapeutics is leveraging its expertise to advance IND-enabling activities for a next-generation PSMA-targeting ADC which utilizes a differentiated exatecan-based payload with a novel hydrophilic linker.
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ZYNLONTA® is a registered trademark of ADC Therapeutics SA.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases you can identify forward-looking statements by terminology such as "may", "will", "should", "would", "expect", "intend", "plan", "anticipate", "believe", "estimate", "predict", "potential", "seem", "seek", "future", "continue", or "appear" or the negative of these terms or similar expressions, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to certain risks and uncertainties that can cause actual results to differ materially from those described. Factors that may cause such differences include, but are not limited to: the success of the Company's strategic restructuring plan; changes in estimated costs associated with the restructuring plan including the workforce reduction and planned closure of the
CONTACTS:
Investors and Media
Nicole Riley
ADC Therapeutics
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+1 862-926-9040
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