Commencement of subscription period
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANYOTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Reference is made to the stock exchange notice on 2 August 2019 by Data Respons ASA ( the “Company”) regarding the approval of the prospectus (the “Prospectus”) in connection with the subsequent repair offering (the “Subsequent Offering”) of up to 1,800,000 shares (the “Offer Shares”). The offer price in the Subsequent Offering is NOK 27 per Offer Share, which is the same as in the private placement announced on 13 May 2019 (the “Private Placement”).
The subscription period for the Subsequent Offering commences today, 6 August 2019, at 09:00 hours (CEST) and will expire at 16:30 hours (CEST) on 19 August 2019.
Existing shareholders as of 13 May 2019, as registered in Verdipapirsentralen (“VPS”) on 15 May 2019 (the "Record Date") who were not allocated shares in the Private Placement and who are not resident in a jurisdiction where such offering would be unlawful, or for jurisdictions other than Norway, would require any filing, registration or similar action (the "Eligible Shareholders"), are granted non-transferable subscription rights (the "Subscription Rights") that, subject to applicable law, provide preferential rights to subscribe for, and be allocated, Offer Shares.
For each share recorded as held in Data Respons as of expiry of the Record Date, each Eligible Shareholder will receive approximately 0.053 Subscription Rights, rounded down to the nearest whole Subscription Right. Each Subscription Right gives the right to subscribe for and be allocated one Offer Share in the Subsequent Offering. The Subscription Rights will be distributed free of charge to the VPS accounts of each Eligible Shareholder today, 6 August 2019.
Oversubscription is permitted, however there can be no assurance that shares will be allocated for such subscription. Subscription without Subscription Rights is not allowed.
Please note that Subscription Rights that are not used to subscribe for Offer Shares before the end of the subscription period will have no value and will lapse without compensation to the holder.
The timetable below provides certain key dates for the Subsequent Offering:
Subscription period commences: 6 August 2019 at 09:00 hours (CEST)
Subscription Period ends: 19 August 2019 at 16:30 hours (CEST)
Allocation of the Offer Shares and distribution of allocation letters: Expected on or about 20 August 2019
Payment date: 23 August 2019
Delivery of the Offer Shares and listing and commencement of trading in the Offer Shares on Oslo Børs: Expected on or about 28 August 2019.
For further details on the terms of the Subsequent Offering, please see the Prospectus. The Prospectus is, subject to regulatory restrictions in certain jurisdictions, available on the following websites: www.abgsc.no, www.sb1markets.no and www.datarespons.com.
ABG Sundal Collier ASA and SpareBank 1 Markets AS act as Joint Lead Managers in the Subsequent Offering.
For further information:
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.