| Disclosure of changes in share capital |
The tables below set out the Company’s shareholding, based on the information available to Innate as of the date of this report, before and after the closing of the capital increase dated April 24, 2025:
◦Before closing | | | | | | | | | | | | | | | | Shareholder | Nb of Shares[1] | % | Nb of voting rights[2] | % | | Novo Nordisk A/S | 9,817,546 | 11.71% | 9,817,546 | 11.60% | | Medimmune Limited | 7,485,500 | 8.93% | 7,485,500 | 8.85% | | Bpifrance Participations | 6,389,406 | 7.62% | 6,389,406 | 7.55% | | Members of the Executive Board, Supervisory Board and Leadership Team | 846,944 | 1.01% | 911,444 | 1.08% | | Treasury shares | 18,575 | 0.02% | 0 | —% | | Public | 59,286,440 | 70.71% | 59,995,085 | 70.92% | | Total | 83,844,411 | 100.00% | 84,598,981 | 100.00% |
After closing of the capital increase: | | | | | | | | | | | | | | | | Shareholder | Nb of Shares[1]* | % | Nb of voting rights[2] | % | | Novo Nordisk A/S | 9,817,546 | 10.65% | 9,817,546 | 10.56% | | Sanofi-Aventis Participations | 8,345,387 | 9.05% | 8,345,387 | 8.98% | | Medimmune Limited | 7,485,500 | 8.12% | 7,485,500 | 8.05% | | Bpifrance Participations | 6,389,406 | 6.93% | 6,389,406 | 6.87% | | Members of the Executive Board, Supervisory Board and Leadership Team | 846,944 | 0.92% | 911,444 | 0.98% | | Treasury shares | 18,575 | 0.02% | 0 | —% | | Public | 59,286,440 | 64.31% | 59,995,085 | 64.55% | | Total | 92,189,798 | 100.00% | 92,944,368 | 100.00% |
[1] Ordinary shares includes ordinary shares plus ordinary shares pursuant to the 2016 and 2017 free preference shares. The table below presents the historical changes in the share capital of the Company as of December 31, 2023, 2024 and 2025, respectively: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Number of | | | | Date | | Nature of the Transactions | | Share Capital | | Share premium | | Common shares | | Preferred shares | | Nominal value | | | Balance as of January 1 2023 | | 4,011,308 | | | 379,636,745 | | | 80,212,069 | | | 14,095 | | | €0.05 | | | April 14, 2023 | | Capital increase by issuance of common shares (exercise of share warrants) | | 728 | | | 28,955 | | | 14,550 | | | — | | | €0.05 | | | April 14, 2023 | | Capital increase by issuance of common shares | | 3,015 | | | 168,840 | | | 60,300 | | | — | | | €0.05 | | | April 14, 2023 | | Capital increase by issuance of common shares (definitive acquisition of free shares ) | | 8,165 | | | (8,165) | | | 163,293 | | | — | | | €0.05 | | | July 6, 2023 | | Capital increase by issuance of common shares (exercise of share warrants) | | 3,321 | | | 142,991 | | | 66,410 | | | — | | | €0.05 | | | September 18, 2023 | | Capital increase by issuance of common shares (conversion of preferred shares in common shares) | | 33 | | | (33) | | | 650 | | | (5) | | | €0.05 | | | October 3, 2023 | | Capital increase by issuance of common shares (definitive acquisition of free shares ) | | 6,403 | | | (6,403) | | | 128,061 | | | — | | | 0.05 | | | December 15, 2023 | | Subsciption of share warrants | | — | | | 47,120 | | | — | | | — | | | €— | | | December 31, 2023 | | Capital increase by issuance of common shares (definitive acquisition of free shares ) | | 10,762 | | | (10,762) | | | 215,230 | | | — | | | €0.05 | | | December 31, 2023 | | Share based payments | | — | | | 4,255,748 | | | — | | | — | | | €— | | | | | | | | | | | | | | | | | Balance as of December 31 2023 | | 4,043,733 | | | 384,255,036 | | | 80,860,563 | | | 14,090 | | | €0.05 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Number of | | | | Date | | Nature of the Transactions | | Share Capital | | Share premium | | Common shares | | Preferred shares | | Nominal value | | | Balance as of January 1 2024 | | 4,043,733 | | | 384,255,036 | | | 80,860,563 | | | 14,090 | | | €0.05 | | | | | | | | | | | | | | | | June 10, 2024 | | Capital increase by issuance of common shares | | 1,905 | | | 91,440 | | | 38,100 | | | — | | | €0.05 | | | June 10, 2024 | | Capital increase by issuance of common shares (definitive acquisition of free shares ) | | 3,437 | | | (3,437) | | | 68,744 | | | — | | | €0.05 | | | | Capital increase by issuance of common shares (exercise of share warrants) | | | | | | | | | | €0.05 | | | July 5, 2024 | | Capital increase by issuance of common shares (conversion of preferred shares in common shares) | | 97 | | | (97) | | | 1,950 | | | (15) | | | €0.05 | | | December 5, 2024 | | Capital increase by issuance of common shares | | 91,645 | | | 2,767,677 | | | 1,832,899 | | | — | | | €0.05 | | | December 5, 2024 | | Share issuance costs | | — | | | (24,150) | | | — | | | — | | | €— | | | December 31, 2024 | | Capital increase by issuance of common shares (definitive acquisition of free shares ) | | 51,404 | | | (51,404) | | | 1,028,080 | | | — | | | €0.05 | | | December 31, 2024 | | Share based payments | | — | | | 3,944,383 | | | — | | | — | | | | | | Balance as of December 31 2024 | | 4,192,221 | | | 390,979,449 | | | 83,830,336 | | | 14,075 | | | €0.05 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Number of | | | | Date | | Nature of the Transactions | | Share Capital | | Share premium | | Common shares | | Preferred shares | | Nominal value | | | Balance as of January 1, 2025 | | 4,192,221 | | | 390,979,449 | | | 83,830,336 | | | 14,075 | | | €0.05 | | | April 24, 2025 | | Capital increase by issuance of common shares | | 417,269 | | | 14,582,729 | | | 8,345,387 | | | — | | | €0.05 | | | April 24, 2025 | | Share issuance costs | | | | (67,963) | | | | | — | | | €0.05 | | | May 5, 2025 | | Capital increase by issuance of common shares (conversion of preferred shares in common shares) | | 32 | | | (32) | | | 650 | | | (5) | | | €0.05 | | | July 3, 2025 | | Capital increase by issuance of common shares (conversion of preferred shares in common shares) | | 355 | | | (355) | | | 7,150 | | | (55) | | | €0.05 | | | July 17, 2025 | | Capital increase by issuance of common shares (conversion of preferred shares in common shares) | | 32 | | | (32) | | | 650 | | | (5) | | | €0.05 | | | July 25, 2025 | | Subsciption of share warrants | | — | | | 49,000 | | | — | | | — | | | €— | | | July 31, 2025 | | Capital increase by issuance of common shares (conversion of preferred shares in common shares) | | 32 | | | (32) | | | 650 | | | (5) | | | €0.05 | | | August 18, 2025 | | Capital increase by issuance of common shares (conversion of preferred shares in common shares) | | 32 | | | (32) | | | 650 | | | (5) | | | €0.05 | | | November 17, 2025 | | Capital increase by issuance of common shares (conversion of preferred shares in common shares) | | 194 | | | (194) | | | 3,900 | | | (30) | | | €0.05 | | | November 27, 2025 | | Capital increase by issuance of common shares (conversion of preferred shares in common shares) | | 355 | | | (355) | | | 7,150 | | | (55) | | | €0.05 | | | December 18, 2025 | | Capital increase by issuance of common shares (conversion of preferred shares in common shares) | | 65 | | | (65) | | | 1,300 | | | (10) | | | €0.05 | | | December 31, 2025 | | Capital increase by issuance of common shares (conversion of preferred shares in common shares) | | 76,075 | | | (76,075) | | | 1,521,500 | | | — | | | — | | December 31, 2025 | | Share based payments | | — | | | 2,567,446 | | | — | | | — | | | — | | | Balance as of December 31, 2025 | | 4,686,661 | | | 408,033,490 | | | 93,719,323 | | | 13,905 | | | €0.05 | |
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