Asetek – Share Capital Increase Upon Exercise of Warrants

OSLO, Norway--(BUSINESS WIRE)-- Reference is made to warrants issued by Asetek A/S (OSE: ASETEK), Danish central business register (CVR) no. 34880522 (the "Company"), pursuant to corporate resolutions adopted on August 8, 2015 and April 29, 2016 respectively.

Pursuant to the applicable Warrants Terms, the warrants are exercisable in exercise Windows open in a four weeks period running from the Company's preliminary announcement of its financial statements or publication of its interim financial report however no later than 7 years after the Subscription Date as specified in the Subscription Agreement, at 12 noon.

Each warrant gives the holder the right but not the obligation, to subscribe for one share in the Company of a nominal value of DKK 0.1 at NOK 10.60 and NOK 19.50 per share respectively.

The Company has now received exercise notices from warrant holders to the effect that the Company has received exercise notices aggregating 44,125 warrants (each warrant giving a right to subscribe for 1 share of nominally DKK 0.1), and the Company has received the corresponding subscription price.

Consequently, the share capital increase resulting from the exercise of the warrants (from nominally DKK 2,536,134.00 with nominally DKK 4,412.50 to nominally DKK 2,540,546.50) will now be registered and the newly issued shares will be divided as follows between the warrant holders having issued an exercise notice:

		Shares		Subscription Price
Warrants issued on August 8, 2015		32,289		NOK 342,263.40
Warrants issued on April 29, 2016		11,836		NOK 230,802.00
In total		44,125		NOK 573,065.40

The shareholders’ register kept by the Norwegian central securities depository Verdipapirsentralen ASA and DNB Bank ASA respectively, the warrants’ register and the articles of association of the Company will be updated accordingly.

Asetek A/S Peter Dam Madsen Chief Financial Officer

This information was brought to you by Cision http://news.cision.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20161027005910/en/

For further information, please contact:
Andre S. Eriksen, Chief Executive Officer
Mobile: +45 2125 7076
e-mail: [email protected]
or
Peter D. Madsen, Chief Financial Officer
Mobile: +45 2080 7200
email: [email protected]

Source: Asetek

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• AuraGxP Expands Executive Leadership and Secures Initial Funding
• Pasatru™ (garetosmab-grts) First and Only FDA-approved Treatment Demonstrating Reduction in New Heterotopic Ossification (HO) Lesions and Clinician-Assessed Flare-ups in a Placebo-controlled Trial i
• SIKA SUCCESSFULLY PLACES EUR 1 BILLION HYBRID CAPITAL BOND