Press Release: Basilea successfully places CHF 200 million senior convertible bonds

Basilea Pharmaceutica AG / Basilea successfully places CHF 200 million senior convertible bonds . Processed and transmitted by Nasdaq OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

This press release or the information contained therein is not being issued and may not be distributed in the United States of America, Canada, Australia or Japan and does not constitute an offer of securities for sale in such countries

Basel, Switzerland, December 9, 2015 - Basilea Pharmaceutica Ltd. (SIX: BSLN) announces the successful placement of CHF 200 million senior unsecured convertible bonds due 2022. The offering attracted high demand from domestic and international investors.

Basilea intends to use the net proceeds from this convertible bond issue, together with cash and cash equivalents on hand (1) to participate in a U.S. phase 3 development program for ceftobiprole, (2) to support and expand the commercialization of CRESEMBA(R) and Zevtera(R), (3) to support post-approval pediatric studies approved by the European Medicines Agency for isavuconazole and ceftobiprole in Europe, (4) to advance its oncology product candidates, and (5) for working capital and other general corporate purposes, including investments in or in-licensing of complementary businesses, technologies, products or assets.

The Bonds will carry a coupon of 2.75% per annum, payable semi-annually in arrear, and have a conversion price which represents a 30% premium to the volume weighted average price of the shares today. The shares delivered upon conversion will be sourced from conditional capital and authorized capital.

The Bonds have been provisionally allocated to investors who participated in today's bookbuilding. Such allocation of the Bonds remains subject to a pro-rata reduction relative to the number of advance subscription rights exercised by the existing shareholders during the rights exercise period ("clawback").

Existing shareholders will be fully granted advance subscription rights to subscribe for the newly issued Bonds in proportion to their current shareholding, subject to selling restrictions. Each shareholder has the right to purchase 1 Bond of CHF 5,000 nominal amount at issue price, for every 270 Shares for an issue size of CHF 200 million, held on 8 December 2015, after the close of trading. The advance subscription rights can be exercised during the rights exercise period starting on 14 December 2015 and ending on 18 December 2015, 12:00 noon CET. Bonds for which advance subscription rights have been validly exercised will be deducted pro rata from the provisional allocation to investors who participated in today's book building. Definitive allocations will be announced by Basilea on or around 21 December 2015.

Basilea intends to make an application for the Bonds to be admitted for listing and trading on the SIX Swiss Exchange with provisional trading expected to start on or about 15 December 2015. Payment and settlement of the Bonds is expected on or about 23 December 2015.

Basilea agreed to a company lock-up ending 90 days after that date, subject to customary exceptions. The offering consists of a public offering in Switzerland and private placements in certain jurisdictions outside of Switzerland and outside the United States in reliance on Regulation S under the U.S. Securities Act of 1933, as amended, and in accordance with applicable securities laws, rules and regulations.

Basilea has notified the United States Securities and Exchange Commission of its intent to withdraw its previously announced F-1 public offering of common shares in the United States in the form of American Depository shares.

J.P. Morgan and UBS are acting as Joint Bookrunners on the offering.

Basilea is a Swiss-based biopharmaceutical company focused on the research, development and commercialization of products targeting the medical challenge of resistance and non-response to current treatment options in the therapeutic areas of bacterial infections, fungal infections and cancer.

Basilea's common shares are listed on SIX Swiss Exchange.

Important information

This press release constitutes neither an offer to sell nor a solicitation to buy securities of the Company and it does not constitute a prospectus or a similar communication within the meaning of article 752, 652a and/or 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. The offer is being made solely by means of, and on the basis of, a securities prospectus. An investment decision regarding the publicly offered securities of the Company should only be made on the basis of the securities prospectus. The prospectus is available free of charge at UBS Investment Bank, Swiss Prospectus Library, P.O. Box, CH-8098 Zurich (telephone: +41 (0)44 239 47 03, facsimile: +41 (0)44 239 69 14 or email: swiss-prospectus@ubs.com).

This communication is directed only at persons (i) who are outside the United Kingdom or (ii) who have professional experience in matters relating to investments and who fall within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (iii) who fall within article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of the Order (all such persons together being referred to as "Relevant Persons"). Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Any person who is not a Relevant Person must not act or rely on this communication or any of its contents.

This communication is not for distribution in the United States, Canada, Australia or Japan. This communication does not constitute an offer to sell, or the solicitation of an offer to buy, securities in any jurisdiction in which is unlawful to do so. In particular, this communication is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration under the Securities Act of 1933 or an exemption from registration. The securities referred to in this communication have not been and will not be registered under the Securities Act and will not be publicly offered or sold in the United States.

This communication does not constitute an "offer of securities to the public" within the meaning of Directive 2003/71/EC of the European Union (the "Prospectus Directive") of the securities referred to in it (the "Securities") in any member state of the European Economic Area (the "EEA"). Any offers of the Securities to persons in the EEA will be made pursuant to an exemption under the Prospectus Directive, as implemented in member states of the EEA, from the requirement to produce a prospectus for offers of the Securities.

Disclaimer

This communication expressly or implicitly contains certain forward-looking statements concerning Basilea Pharmaceutica Ltd. and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of Basilea Pharmaceutica Ltd. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Basilea Pharmaceutica Ltd. is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

For further information, please contact:

Media Relations Investor Relations Peer Nils Schröder, PhD Barbara Zink, PhD, MBA Head Public Relations & Head Corporate Development Corporate Communications +41 61 606 1233 +41 61 606 1102 investor_relations@basilea.com media_relations@basilea.com

This press release can be downloaded from www.basilea.com.

Press release (PDF): http://hugin.info/134390/R/1972553/721485.pdf

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Basilea Pharmaceutica AG via Globenewswire

HUG#1972553

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Basilea Pharmaceutica AG

Grenzacherstrasse 487 Basel Switzerland

Listed: Freiverkehr in Börse Stuttgart,

Freiverkehr in Börse Berlin,

Open Market (Freiverkehr) in Frankfurter Wertpapierbörse,

Freiverkehr in Bayerische Börse München;

http://www.basilea.com (END) Dow Jones Newswires

   December 09, 2015 12:37 ET (17:37 GMT)- - 12 37 PM EST 12-09-15