Final result in the subsequent offering
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 19 August 2019 by Data Respons ASA ( the “Company”) regarding the preliminary result in the subsequent repair offering (the “Subsequent Offering”) of up to 1,800,000 shares (the “Offer Shares”) at NOK 27 per Offer Share.
The subscription period for the Subsequent Offering expired on 19 August 2019 at 16:30 hours (CEST).
By the end of the subscription period, the Company had received subscriptions for 2.56 million Offer Shares, corresponding to an oversubscription of 42%. A total of 1 277 133 Offer Shares were allocated based on subscription rights and a total of 522 867 Offer Shares were allocated based on over-subscription in accordance with section 5.8.3 of the prospectus dated 19 July 2019.
Notifications of allocated Offer Shares in the Subsequent Offering and the corresponding amount to be paid by each subscriber will be sent out in a separate letter to each subscriber. Allocation letters are expected to be sent out today.
The share capital increase relating to the Subsequent Offering is expected to be registered with the Norwegian Register of Business Enterprises on or about 28 August 2019 and the shares will be delivered to the VPS accounts of the subscribers to whom they are allocated on or about the same day (subject to timely payment being made).
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.