Share capital increase reserved to employees of 131 668 shares
The Board of Directors of Data Respons ASA has approved a capital increase of 131 668 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, EPOS CAT GmbH and Data Respons ASA, where each employee may subscribe to a number of shares limited to a subscription amount of NOK 40 000, corresponding to 2 095 shares at a subscription price of NOK 19.09 per share. The subscription price per share, is equal to the weighted average traded price of the Data Respons share on the Oslo Stock Exchange of the five trading days after Annual General Meeting held in April (from April 20, 2018 to April 26, 2018), of NOK 23.86 per share, less a 20 % discount. In addition to the program for all employees described above, Data Respons has a share savings program for the senior management in the company. This program offer senior management personnel to subscribe an additional 5 000 shares at the same terms as the program offered to all employees.
On the basis of an authorization granted by the Annual General Meeting held on April 19, 2018, the Board of Directors has in this regard resolved to increase the share capital by NOK 65 834 from NOK 27 558 144 to NOK 27 623 978 through the issue of 131 668 new shares with a nominal value of NOK 0.50 per share. The total number of outstanding shares will increase from 55 116 288 to 55 247 956 shares after the issue.
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