Share capital increase - earn-out payment Microdoc
With reference to stock exchange notice September 13, 2016 regarding the acquisition of MicroDoc Computersysteme GmbH ("MicroDoc"), and Data Respons' Annual Report 2017 note 18 concerning earn-out payments for the MicroDoc acquisition.
In accordance with the acquisition agreement signed September 12, 2016, the earn-out payment for the 2017 financial statement will be paid 50% in cash and 50% in shares. The cash part of NOK 36.7 million was paid April 30, 2018, and the remaining NOK 36.7 million will be paid in shares within June 30, 2018. The Board of Data Respons ASA has accordingly in a meeting today approved a private placement of 1 453 494 shares to the former owners of MicroDoc as the share part of the earn-out payment for the 2017 financial statement. The placement price is based on the weighted average traded price of the Data Respons share on the Oslo Stock Exchange from February 1, 2018 to April 30, 2018, resulting in a share price of NOK 25.24.
The number of shares outstanding will with this transaction increase from 53 662 794 shares to 55 116 288 shares.
For further information:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. +47 913 90 918.
Rune Wahl, CFO, Data Respons ASA, tel. + 47 950 36 046
About Data Respons
Data Respons is a full-service, independent technology company and a leading player in the IoT, Industrial digitalisation 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 Transport & Automotive, Industrial Automation, Telecom & Media, Space, Defense & Security, Medtech, Energy & Maritime, and Finance & Public Sector.
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