New share capital registered
Reference is made to the stock exchange notice issued on 13 May 2019 by Data Respons ASA (the "Company") regarding the private placement raising gross proceeds of approximately NOK 324 million through issuance of 12,000,000 new shares at a subscription price of NOK 27 per share (the "Private Placement").
The Private Placement is divided into two tranches. Tranche 1 consists of 2,000,000 new shares ("Tranche 1") and is based on an existing authorization to issue shares. Tranche 2 will consist of 10,000,000 new shares ("Tranche 2") and be subject to approval by an extraordinary general meeting. Each investor in the Private Placement has been allocated new shares in the Private Placement on a pro rata basis between Tranche 1 and Tranche 2 of the Private Placement.
The share capital increase of NOK 1,000,000 (equal to 2,000,000 shares) relating to Tranche 1 has now been registered in the Norwegian Register of Business Enterprises. Consequently, the share capital of the Company is NOK 31,190,334.50 divided into 62,380,669 shares, each with a par value of NOK 0.50.
The new shares issued in Tranche 1 are tradable on the Oslo Stock Exchange.
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.