Data Respons ASA: Share capital increase reserved to employees of 173 000 shares
May 30 2017 - 3:55PM
The Board of Directors of Data Respons ASA has
today approved a capital increase of 173 000 shares in connection
with the company's employee share saving scheme.
Data Respons has an employee share saving scheme
in order to create dedication for value creation and ensure
convergence of the financial interests of the employees and the
shareholders.
The share saving scheme is directed at all
employees in Data Respons Norge AS, Data Respons AB, Data Respons
A/S, Microdoc Computersysteme GmbH and Data Respons ASA, where each
employee may subscribe to a number of shares limited to a
subscription amount of 10 % of yearly gross fixed salary and in any
case up to a maximum number of 15 000 shares. The subscription
price was set to NOK 20.19 per share, representing the weighted
average traded price of the Data Respons share on the Oslo Stock
Exchange of the ten trading days before the subscription period
(from April 28, 2017 to May 12, 2017), of NOK 26.92, less a 25 %
discount.
On the basis of an authorization granted by the
Annual General Meeting held on April 27, 2017, the Board of
Directors has in this regard resolved to increase the share capital
by NOK 86 500 from NOK 24 831 397 to NOK 24 917 897
through the issue of 173 000 new shares with a nominal value of NOK
0.50 per share. The total number of outstanding shares after the
issue is 49 835 794 shares.
For further information:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel.
+47 913 90 918.
About Data Respons
Data Respons is a full-service, independent
technology company and a leading player in the IoT and the embedded
solutions market. We provide R&D services and
embedded solutions to OEM companies, system integrators and
vertical product suppliers in a range of market segments such
as Medical, Industry Automation, Smart grid/Smart home,
Bank and Insurance, Automotive, Defence, Maritime, Energy and
Telecommunications.
Data Respons ASA is listed on the Oslo Stock Exchange (Ticker:
DAT), and is part of the information technology index. The company
has offices in Norway, Sweden, Denmark, Germany and
Taiwan. www.datarespons.com
This information is subject to the disclosure
requirements pursuant to section 5 -12 of the Norwegian Securities
Trading Act.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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: Data Respons ASA via Globenewswire
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