Share capital increase reserved to employees
Data Respons has implemented an employee share saving scheme directed at all employees in Norway, where each employee may subscribe to a maximum of 2 000 shares. The subscription price was set to NOK 5.36 per share, representing the weighted average share price of transactions in the DAT share on Oslo Stock Exchange in the period of May 2 - May 25 less a 20 % discount. A total of 71 employees have subscribed to 130 000 shares.
On the basis of an authorization granted by the Annual General Meeting held on April 25, 2013, the Board of Directors has in this regard resolved to increase the share capital by NOK 65 000 from NOK 24 142 397 to NOK 24 207 397 through the issue of 130 000 new shares with a nominal value of NOK 0.50 per share. The Articles of Association are adjusted accordingly.
For further information:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. +47 913 90 918.
About Data Respons
Data Respons is a full-service, independent technology company and a leading player in the embedded solutions market. We provide products, services and embedded computer solutions to OEM companies, system integrators and vertical product suppliers in a range of market segments such as defence, medical equipment, industrial automation, oil services and offshore, transportation, energy and telecommunications. Embedded solutions can be described as the computer brain of a machine, system or industrial end product, and can be used in a broad range of industrial applications. Data Respons ASA is listed on the Oslo Stock Exchange (Ticker: DAT), and is part of the information technology index. The company has 387 employees and 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.