With reference to stock exchange notices September 27th 2006, January 8th 2007, June 15th 2007 and January 4th 2008 regarding the acquisitions of Embedit A/S, Syrén Software AB, Digitas AS and Lundinova AB, respectively, and Data Respons' Annual Report 2008 note 12 concerning earn-out payments for the above mentioned acquisitions.
The Board of Data Respons ASA has in a meeting on April 21st approved a private placement of 2,511,329 shares to the former owners of the above mentioned companies as additional earn-out payments.
In accordance with the acquisition agreements, the earn-out is paid in shares and the placement price is based on average share price for the last 10 trading days in March 2009, resulting in a share price of NOK 8.4555115. The number of shares outstanding will, including this transaction, increase from 42,361,731 to 44,873,060 shares.
In connection with the transaction Data Respons ASA will transfer 157,000 of its own shares as a part of the total consideration. Following this transaction the Data Respons group of companies holding of own shares will be 0.
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 1sth quarter 2009 the company had a total of 518 employees.
More information on Data Respons ASA can be found on our website: http://www.datarespons.com