Algeta approves private placement

9 March 2009

Algeta, a Norwegian cancer-therapeutics company, held an extraordinary  general meeting on March 4, at which a private placement was approved  and two non-executive directors were elected.

It was resolved that eligible shareholders will receive one subscription  rights per 2.50918 shares held in a Repair Offering.

Additionally, Joe Anderson and Shahzad Malik were elected to the board  as non-executive directors, as of March 5 and board member Patrick Lee  resigned.

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