With reference to stock exchange notice September 27th, 2006 regarding the acquisition of Embedit A/S, and Data Respons' Annual Report 2007 note 12 concerning earn-out payments for the above mentioned acquisition.
The Board of Data Respons ASA has in a meeting on April 26th approved a private placement of 3.599.314 shares to the former owners of Embedit A/S as additional earn-out payment.
In accordance with the purchase agreement signed 27.09.2006, the earn-out is paid in shares and the placement price is NOK 12,61. The number of shares outstanding will, including this transaction, increase from 37.273.746 shares to 40.873.060 shares.
In addition, Data Respons ASA has transferred 63.000 of its treasury shares as partial payment for the additional earn-out payment to the former owners of Centrex AS, with reference to the stock exchange notice November 25th, 2005. After this transaction, Data Respons ASA holds no treasury shares.
FOR FURTHER INFORMATION PLEASE CONTACT:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, phone: +47 67 11 20 00 Mob: +47 913 90 918.
ABOUT DATA RESPONS
Data Respons` vision is to become leading in Europe within 2010 on Embedded Solutions in the industrial market. Embedded Solutions can be described as being the brains of a machine, system or industrial end product. Data Respons supplies Embedded Solutions to leading OEM companies, system integrators and vertical product suppliers in a range of market segments such as defence, offshore, automation, medical equipment, surveillance, transport, telecommunications and other industries. 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 Denmark, Finland, Norway, Sweden and Germany. At the close of the 1st quarter 2008 the company had a total of 423 employees.
More information on Data Respons ASA can be found on our website: http://www.datarespons.no