OSLO, Norway, March 10, 2021 /PRNewswire/ -- Vice chairman of
the Board of Directors and primary insider of Asetek A/S,
Chris Christopher has exercised
11,000 warrants issued on April 23,
2014 with a subscription price of NOK
40.10 per share paid in cash. Following the transaction,
Chris Christopher owns 88,422 Asetek
shares and 34,811 warrants.
CFO and primary insider of Asetek A/S, Peter Dam Madsen has exercised 10 313 warrants
issued on April 23, 2014 with a
subscription price of NOK 40.10 per
share paid in cash. Following the transaction, Peter Dam Madsen owns 106,719 Asetek shares and
275,252 options and warrants.
COO and primary insider of Asetek A/S, John Hamill has exercised 8 621 warrants issued
on April 23, 2014 with a subscription
price of NOK 40.10 per share paid in
cash. Following the transaction, John
Hamill owns 110,521 Asetek shares and 335,222 options and
warrants.
Further reference is made to warrants issued by Asetek A/S,
Danish central business register (CVR) no. 34880522 (the
"Company"), pursuant to corporate resolutions adopted on
April 23, 2014, August 11, 2015, April 28,
2016, and April 25, 2017
respectively.
Pursuant to the applicable warrant terms, the warrants are
exercisable in exercise windows open in a four weeks period running
from the Company's preliminary announcement of its financial
statements or publication of its interim financial report however
no later than 7 years after the Subscription Date as specified in
the Subscription Agreement, at 12 noon.
Each warrant gives the holder the right but not the obligation,
to subscribe for one share in the Company of a nominal value of
DKK 0.1 at NOK
40.10, NOK 10.60, NOK 19.50, and NOK
76.25 per share respectively.
The Company has now received exercise notices from warrant
holders aggregating 70,594 warrants distributed as follows:
|
|
Warrants
|
|
Warrants issued on
April 23, 2014
|
|
31,790
|
|
Warrants issued on
August 11, 2015
|
|
17,910
|
|
Warrants issued on
April 28, 2016
|
|
13,037
|
|
Warrants issued on
April 25, 2017
|
|
7,857
|
|
In
total
|
|
70,594
|
|
In respect of 1,054 exercised warrants issued on April 25, 2017, the Board of Directors has, in
accordance with the applicable warrant terms, decided to pay the
warrant holders a cash amount (cash settlement) corresponding to
the amount by which the market price of the shares in the Company
exceeds the subscription price, instead of delivering the shares
corresponding to the warrants.
The holders of the remaining 69,540 exercised warrants will
subscribe for the corresponding 69,540 shares of each nominally
DKK 0.10 in the Company and the
Company has received the following corresponding subscription
price:
|
|
Shares
|
|
Subscription
Price
|
Warrants issued on
April 23, 2014
|
|
31,790
|
|
NOK
1,274,779.00
|
Warrants issued on
August 11, 2015
|
|
17,910
|
|
NOK
189,946.00
|
Warrants issued on
April 28, 2016
|
|
13,037
|
|
NOK
254,221.50
|
Warrants issued on
April 25, 2017
|
|
6,803
|
|
NOK
518,728.80
|
In
total
|
|
69,540
|
|
NOK
2,237,575.25
|
Consequently, the share capital increase resulting from the
exercise of the warrants (from nominally DKK
2,678,096.00 by nominally DKK
6,954.00 to nominally DKK
2,685,050.00) will now be registered and the newly issued
shares will be divided between the warrant holders having issued an
exercise notice in accordance with the above.
The shareholders' register kept by the Norwegian central
securities depository Verdipapirsentralen ASA and DNB Bank ASA
respectively, the warrants' register and the articles of
association of the Company will be updated accordingly.
Asetek A/S
Peter Dam Madsen
Chief Financial Officer
This information is subject to the disclosure requirements
pursuant to Section 5-12 of the Norwegian Securities Trading Act.
This stock exchange release was published by Peter Dam Madsen, CFO at Asetek A/S, on
March 10, 2021 at 13:40 CET.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/asetek/r/asetek---share-capital-increase-upon-exercise-of-warrants--board-and-management-members-exercise-war,c3303918
The following files are available for download:
https://mb.cision.com/Main/6758/3303918/1384957.pdf
|
Release
|
https://mb.cision.com/Public/6758/3303918/a86697e2dfa0daa9.pdf
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CJC exercise of
warrants notification march 2021
|
https://mb.cision.com/Public/6758/3303918/90aa8f8d8c500347.pdf
|
JHA exercise of
warrants notification march 2021
|
https://mb.cision.com/Public/6758/3303918/9818179356501500.pdf
|
PDM exercise of
warrants notification march 2021
|
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SOURCE Asetek