SHARE CAPITAL INCREASE - EARNOUT PAYMENT FOR MICRODOC
With reference to stock exchange notice September 13, 2016 regarding the acquisition of MicroDoc Computersysteme GmbH ("MicroDoc"), and Data Respons' Annual Report 2016 note 5 concerning earn-out payments for the MicroDoc acquisition. In accordance with the acquisition agreement signed September 12, 2016, the earn-out will be paid 50% in shares and 50% in cash.
The Board of Data Respons ASA has in a meeting today approved a private placement of 875 486 shares to the former owners of MicroDoc as additional earn-out payment. The placement price is based on the weighted average traded price of the Data Respons share on the Oslo Stock Exchange from February 1, 2017 to April 30, 2017, resulting in a share price of NOK 23.1069937.
The number of shares outstanding will with this transaction increase from 49 835 794 shares to 50 711 280 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.