Share capital increase reserved to employees of 288 000 shares
The Board of Directors of Data Respons ASA has approved a capital increase of 288 000 shares in connection with the company's employee share saving scheme.
Data Respons has an employee share saving scheme in order to create dedication for value creation and ensure convergence of the financial interests of the employees and the shareholders.
The share saving scheme is directed at all employees in Data Respons Norge AS, Data Respons AB, Data Respons A/S and Data Respons ASA, where each employee may subscribe to a maximum of 10 000 shares in 2015, limited to 10% of the employee's gross fixed salary. The subscription price was set to NOK 8.35 per share, representing the weighted average share price of transactions in the DAT share on Oslo Stock Exchange the day before the subscription period (26 April 2016) of NOK 11.13, less a discount of 25%. The employees have subscribed to a total of 288 000 shares.
On the basis of an authorization granted by the Annual General Meeting held on April 14, 2016, the Board of Directors has in this regard resolved to increase the share capital by NOK 144 000 from NOK 24 470 397 to NOK 24 614 397 through the issue of 288 000 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 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.