Share capital increase reserved to employees of 173 000 shares
The Board of Directors of Data Respons ASA has today approved a capital increase of 173 000 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, Microdoc Computersysteme GmbH and Data Respons ASA, where each employee may subscribe to a number of shares limited to a subscription amount of 10 % of yearly gross fixed salary and in any case up to a maximum number of 15 000 shares. The subscription price was set to NOK 20.19 per share, representing the weighted average traded price of the Data Respons share on the Oslo Stock Exchange of the ten trading days before the subscription period (from April 28, 2017 to May 12, 2017), of NOK 26.92, less a 25 % discount.
On the basis of an authorization granted by the Annual General Meeting held on April 27, 2017, the Board of Directors has in this regard resolved to increase the share capital by NOK 86 500 from NOK 24 831 397 to NOK 24 917 897 through the issue of 173 000 new shares with a nominal value of NOK 0.50 per share. The total number of outstanding shares after the issue is 49 835 794 shares.
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 IoT and the embedded solutions market. We provide R&D services and embedded solutions to OEM companies, system integrators and vertical product suppliers in a range of market segments such as Medical, Industry Automation, Smart grid/Smart home, Bank and Insurance, Automotive, Defence, Maritime, Energy and Telecommunications.
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 to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.