Mandatory notification of trade - Employee share savings programme
Primary insiders in Data Respons ASA have subscribed to new shares in Data Respons ASA (DAT) as part of the company's employee share saving scheme for 2019.
The company has established a share savings programme for employees in order to create dedication for value creation and ensure convergence of the financial interests of the employees and the shareholders.
Employees can subscribe to shares at a 25 % discount of market value on the time of share subscription. Maximum subscription amount, after discount, is NOK 40 000. The shares are subject to a lock-up period of two years, and given that the employee is still employed in Data Respons, he or she will receive one bonus share for every fifth share purchased at the end of the lock-up period. Employees are offered the option to finance the purchase through monthly payroll deductions for the remaining months of 2019. In addition to the programme for all employees described above, Data Respons has a share savings programme for the senior management in the company. This programme offer senior management personnel to subscribe additional shares at the same terms as the programme offered to all employees, however with no financing offered.
The subscription price is NOK 20.69 per share, equal to the weighted average traded price of the Data Respons share on the Oslo Stock Exchange of the ten trading days before the start of the subscription period the 22nd of May 2019 of NOK 27.59 , less a discount of 25%.
The following primary insiders have subscribed to new shares in DAT:
Number of shares subscribed / New holdings (including related parties):
- Kenneth Ragnvaldsen, CEO: 25 000 / 350 595
- Rune Wahl, CFO: 25 000 / 149 595
- Jørn Erik Toppe, COO: 6 933 / 173 965
- Bendik Justad, Head of Group Accounting: 6 933 / 19 695
- Eirik Arnø, Director Strategy & Growth: 8 000 / 15 095
For further information:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. +47 913 90 918.
Rune Wahl, CFO, Data Respons ASA, tel. + 47 950 36 046
About Data Respons
Data Respons is a full-service, independent technology company and a leading player in the IoT, Industrial digitalisation and the embedded solutions market. We provide R&D services and smarter solutions to OEM companies, system integrators and vertical product suppliers in a range of market segments such as Transport & Automotive, Industrial Automation, Telecom & Media, Space, Defence & Security, Medtech, Energy & Maritime, and Finance & Public Sector.
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 of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.