Data Respons ASA: SHARE CAPITAL INCREASE - EARNOUT PAYMENT FOR MICRODOC
May 30 2017 - 4:33PM
With reference to stock exchange notice September
13, 2016 regarding the acquisition of MicroDoc Computersysteme GmbH
("MicroDoc"), and Data Respons' Annual Report 2016 note 5
concerning earn-out payments for the MicroDoc acquisition. In
accordance with the acquisition agreement signed September 12,
2016, the earn-out will be paid 50% in shares and 50% in
cash.
The Board of Data Respons ASA has in a meeting today approved a
private placement of 875 486 shares to the former owners of
MicroDoc as additional earn-out payment. The placement price is
based on the weighted average traded price of the Data Respons
share on the Oslo Stock Exchange from February 1, 2017 to April 30,
2017, resulting in a share price of NOK 23.1069937.
The number of shares outstanding will with this transaction
increase from 49 835 794 shares to 50 711 280
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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