Galapagos Receives Transparency Notifications from Bank of America
26-Nov-2025 01:30:01 EST
Galapagos Receives Transparency Notifications from Bank of America
GlobeNewswire November 26, 2025
Mechelen, Belgium; November 26, 2025, 07:30 CET; regulated information – Galapagos NV (Euronext & NASDAQ: GLPG) received transparency notifications from Bank of America.
Pursuant to Belgian transparency legislation1, Galapagos received transparency notifications on November 18 and November 19, 2025, from Bank of America Corporation indicating that it positively crossed the threshold of 5% of Galapagos' voting rights on November 12, 2025 following an acquisition of Galapagos' voting rights and equivalent financial instruments, and then subsequently fell below this threshold on November 14, 2025 following the disposal of such instruments.
On November 14, 2025, the Bank of America Corporation (taking into account the holding of its affiliates) owned 103,534 voting rights and 2,159,259 equivalent financial instruments, representing together 3.43% of Galapagos' currently outstanding 65,897,071 shares, versus 168,924 voting rights and 3,295,951 equivalent financial instruments, representing together 5.26%, in the previous notification.
Summary of the transactions:
Date on which the threshold was crossed
Date of notification
Direct voting rights after the transaction
Equivalent financial instruments after the transaction
Total
November 12, 2025
November 18, 2025
0.26%
5.00%
5.26%
November 14, 2025
November 19, 2025
0.16%
3.28%
3.43%
Content of the notifications from Bank of America Corporation: The notification dated November 19, 2025 contains the following information:
Date of notification: November 19, 2025
Date on which the threshold is crossed: November 14, 2025
Threshold of voting rights crossed downwards (in %): 5%
Notification by: Bank of America Corporation
Denominator: 65,897,071
Reason for the notification: Acquisition or disposal of financial instruments that are treated as voting securities
Notified details:
A) Voting Rights
Previous notification
After the transaction
# of voting rights
# of voting rights
% of voting rights
Holder of voting rights
Linked to securities
Not linked to securities
Linked to securities
Not linked to securities
Bank of America Corporation
0
0
0.00%
Bank of America, National Association
12,568
12,476
0.02%
Merrill Lynch International
65,070
66,430
0.10%
Managed Account Advisors LLC
3
3
0.00%
BofA Securities, Inc.
76,700
10,042
0.02%
Merrill Lynch, Pierce, Fenner & Smith Incorporated
14,462
14,462
0.02%
U.S. Trust Company of Delaware
121
121
0.00%
Subtotal
168,924
103,534
0.16%
TOTAL
103,534
0
0.16%
0.00%
B) Equivalent financial instruments
After the transaction
Holder of equivalent financial instruments
Type of financial instrument
Expiration date
Exercise period or date
# of voting rights that may be acquired if the instrument is exercised
% of voting rights
Settlement
Merrill Lynch International
Right to Recall
195,533
0.30%
physical
BofA Securities, Inc.
Rights of Use
1,796,975
2.73%
physical
Merrill Lynch International
Rights of Use
8,679
0.01%
physical
Merrill Lynch International
Physical Call Option
19/06/2026
100,000
0.15%
physical
Bank of America, National Association
Swaps
15/10/2027
27
0.00%
cash
Bank of America, National Association
Swaps
15/06/2026
12,500
0.02%
cash
Merrill Lynch International
Swaps
30/04/2026
18,790
0.03%
cash
Merrill Lynch International
Swaps
02/07/2026
717
0.00%
cash
Merrill Lynch International
Swaps
15/10/2027
27
0.00%
cash
Merrill Lynch International
Swaps
01/11/2027
162
0.00%
cash
Merrill Lynch International
Swaps
15/06/2026
12,500
0.02%
cash
Merrill Lynch International
Swaps
30/01/2026
169
0.00%
cash
Merrill Lynch International
Swaps
17/11/2025
12,521
0.02%
cash
Merrill Lynch International
Swaps
28/08/2026
659
0.00%
cash
TOTAL
2,159,259
3.28%
TOTAL (A&B)
# of voting rights
% of voting rights
2,262,793
3.43%
The chain of control has been described at the end of the notification (section 11) and can be found here.
The notification dated November 18, 2025 contains the following information:
Date of notification: November 18, 2025
Date on which the threshold is crossed: November 12, 2025
Threshold of voting rights crossed upwards (in %): 5%
Notification by: Bank of America Corporation
Denominator: 65,897,071
Reason for the notification: Acquisition or disposal of voting securities or voting rights and acquisition or disposal of financial instruments that are treated as voting securities
Notified details:
A) Voting Rights
Previous notification
After the transaction
# of voting rights
# of voting rights
% of voting rights
Holder of voting rights
Linked to securities
Not linked to securities
Linked to securities
Not linked to securities
Bank of America Corporation
0
0
0.00%
0.00%
Bank of America, National Association
12,568
0
0.02%
0.00%
Merrill Lynch International
65,070
0
0.10%
0.00%
Managed Account Advisors LLC
3
0
0.00%
0.00%
BofA Securities, Inc.
76,700
0
0.12%
0.00%
Merrill Lynch, Pierce, Fenner & Smith Incorporated
14,462
0
0.02%
0.00%
U.S. Trust Company of Delaware
121
0
0.00%
0.00%
Subtotal
168,924
0.26%
TOTAL
168,924
0
0.26%
0.00%
B) Equivalent financial instruments
After the transaction
Holder of equivalent financial instruments
Type of financial instrument
Expiration date
Exercise period or date
# of voting rights that may be acquired if the instrument is exercised
% of voting rights
Settlement
Merrill Lynch International
Right to Recall
196,491
0.30%
physical
BofA Securities, Inc.
Rights of Use
2,936,452
4.46%
physical
Merrill Lynch International
Rights of Use
4,089
0.01%
physical
Merrill Lynch International
Physical Call Option
19/06/2026
100,000
0.15%
physical
Merrill Lynch International
Swaps
30/04/2026
19,220
0.03%
cash
Bank of America, National Association
Swaps
15/06/2026
12,500
0.02%
cash
Merrill Lynch International
Swaps
02/07/2026
744
0.00%
cash
Merrill Lynch International
Swaps
15/06/2026
12,500
0.02%
cash
Merrill Lynch International
Swaps
30/01/2026
1,434
0.00%
cash
Merrill Lynch International
Swaps
17/11/2025
12,521
0.02%
cash
TOTAL
3,295,951
5.00%
TOTAL (A&B)
# of voting rights
% of voting rights
3,364,875
5.26%
The chain of control has been described at the end of the notification (section 11) and can be found here.
For further information, contact Galapagos: Investor Relations Glenn Schulman
1 Belgian Act of 2 May 2007 on the disclosure of major shareholdings in issuers whose shares are admitted to trading on a regulated market and regarding miscellaneous provisions, as amended from time to time.
