Mandatory notification of trade – Exercise of share options
At the annual general meeting in 2016 the general meeting approved a 3 year share option scheme for senior management within a framework of 1 440 000 share options. The purpose of the share option program was to promote the long-term value creation by establishing incentives for value creation for senior management, and to facilitate mutual interests between management and shareholders, in addition to being able to offer competitive terms to attract and retain competent and experienced employees in senior management and key positions.
Based on the approval in the annual general meeting in 2016, the Board of Directors allocated 480 000 share options in April 2017 and an additional 480 000 share options in April 2018, with reference to the company’s annual report for 2018, note 6, and the last tranche of 480 000 share options was allocated on April 12th, 2019. The strike price was equal to the market value of the Data Respons shares in April 2016, April 2017 and April 2018 respectively. The participants must be an employee of the company to be allowed to exercise the share options. The exercise period for all share options is 10 bank days starting from 15 April 2019.
On 15 April 2019 the participants in the share option scheme exercised a total of 1 440 000 share options (equal to 1 440 000 shares) to an average strike price of NOK 19,51 per share.
The primary innsiders in Data Respons exercised the following number of share options:
Kenneth Ragnvaldsen, CEO, 600 000 share options
Rune Wahl, CFO, 390 000 share options
Jørn E. Toppe, COO, 230 000 share options
On the same date Data Respons ASA purchased 1 440 000 own shares at a price of NOK 31,80 per share to settle its obligation to deliver the shares. The shares were purchased in accordance with the authorisation granted at the annual general meeting on 12 April 2019. The Board of Directors used the authorization to purchase treasury shares based on the financial solidity of the company and in order to optimize the company’s capital structure. Following these transactions Data Respons still holds zero treasury shares.
The 15 April 2019 the primary insiders listed above transferred their rights to receive shares resulting from the exercise of their share options to a third party against a consideration to be determined on the basis of the price subsequently obtained by the third party when selling the shares. The price subsequently obtained was NOK 31,80 per share.
After exercising the options the primary insiders listed above hold the following number of shares and unexercised options in Data Respons:
Name Title Shares Share options
Kenneth Ragnvaldsen CEO 325 595 0
Rune Wahl CFO 124 595 0
Jørn E. Toppe COO 167 032 0
Ex dividend NOK 1.00 today
The shares in Data Respons ASA will be traded ex dividend NOK 1.00 as from today, 15 April 2019.15/04/2019
Annual general meeting completed
Data Respons ASA has held the Annual General Meeting today, 12 April 2019.
All resolutions in the Annual General Meeting were in accordance with the proposal from the Nomination Committee and the Board of Director's proposal as described in the notice.
Please find the minutes of the general meeting enclosed (in Norwegian only).12/04/2019
Record strong start to the year
- High organic growth, both in Norway and internationally, contributed to a record strong start of the year. In a more data driven world, customers increase their R&D investments offering several exciting technology development projects for our specialists, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.12/04/2019
Invitation to presentation of first quarter 2019
Data Respons ASA will release the first quarter results Friday 12 April 2019. The report will be made available at 7:30 a.m. at www.datarespons.com/investor and newsweb.no.08/04/2019
Contract in Norway of NOK 18 million01/04/2019
Contracts in Sweden of SEK 40 million26/03/2019
Notice of annual general meeting
The shareholders of Data Respons ASA are hereby given notice of the annual general meeting to be held at the company's premises at Sandviksveien 26, Høvik, in Bærum on Friday 12 April 2019 at 1 p.m. Please find attached the notice of annual general meeting with registration form, proxy form and the proposal from the Nomination Committee. Please refer to the company's website:www.datarespons.com/investors/generalmeeting for further information.20/03/2019
Annual Report 2018
The Board of Directors of Data Respons ASA approved the annual report for 2018 on 19 March 2019. There are no significant changes compared to the preliminary financial statements for 2018 published on 31 January 2019 at the Q4 2018 presentation. The Annual Report is subject to approval by the annual general meeting on 12 April 2019. A PDF-version of the annual report is attached and is also available on our webpage: www.datarespons.com/investors.20/03/2019
Medtech contract in Norway
Data Respons has signed a frame agreement with an annual value of NOK 40 million with a Norwegian supplier of medical equipment.
The contract comprise delivery of R&D Services and smart solutions embedded in the customers advanced systems. Deliveries will start in 2019.11/03/2019
Contract in Germany of NOK 13 million
Data Respons has received a contract of NOK 13 million with a German customer in the industrial automation (Smart Factory) segment.
The contract comprises R&D services and high-end computer solutions embedded in the customer’s advanced sensor systems for measurements, testing, and automation. Deliveries will take place in first part of 2019 with further opportunities going forward.27/02/2019
Contract in NOK 225 million
Data Respons has signed a contract of NOK 225 million with a leading player in the automotive market in Germany.
The contract is a 5-year agreement for delivery of specialised R&D IT services, advanced testing and system integration supporting all phases of the development cycle.01/02/2019
Key information relating to the cash dividend
The Board of Directors propose to distribute a dividend of NOK 1.00 per share for 2018.
Last date inclusive: 12 April 2019
Ex-date: 15 April 2019
Record date: 16 April 2019
Dividend payment date: 28 June 2019
Resolution date: 12 April 2019
The proposed dividend of NOK 1.00 per share is subject to approval by the annual general meeting on 12 April 2019.31/01/2019
Record year for Data Respons
- We have put another record year behind us with 1.5 billion in revenues and a considerable improvement in profitability. We are experiencing growth in all geographical markets driven by trends such as internet of things (IoT), industrial digitalisation (Industry 4.0) and automation influencing all industries, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.31/01/2019
Invitation to presentation of fourth quarter 2018
Data Respons ASA will release the fourth quarter results Thursday January 31, 2019. The report will be made available at 7:30 a.m. at www.datarespons.com/investor and newsweb.no.28/01/2019
Contract of 20 million NOK23/01/2019
New contract in Germany of 40 million NOK
Data Respons has signed contracts with a leading player within automotive in Germany.
The contracts comprise development of software for real time information processing, advanced communication solutions and applications integrated with multiple optimisation and control systems. The deliveries are part of long-term and business critical development projects that goes on for several years. The contract scope is expected to increase significantly throughout the year and beyond.
The ongoing digitalisation of the automotive industry makes vehicles more advanced with additional sensors, more embedded software and increasing demand for data processing. Furthermore, almost all new vehicles will be connected to the internet enabling a broad range of new value adding applications and services.11/01/2019