Tuesday, September 15, 2020

Stock Exchange Notice Details

Asetek - Share Capital Increase Upon Exercise of Warrants

Reference is made to warrants issued by Asetek A/S, Danish central business register (CVR) no. 34880522 (the "Company"), pursuant to corporate resolutions adopted on October 8, 2013, August 11, 2015, and April 28, 2016 respectively.

Pursuant to the applicable warrant 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 36.50, NOK 10.60, and NOK 19.50 per share respectively.

The Company has now received exercise notices from warrant holders aggregating 68,151 warrants distributed as follows:

Warrants
Warrants issued on October 8, 2013 50,008
Warrants issued on August 11, 2015 9,170
Warrants issued on April 28, 2016 8,973
In total 68,151

The holders of the 68,151 exercised warrants will subscribe for the corresponding 68,151 shares of each nominally DKK 0.10 in the Company and the Company has received the following corresponding subscription price:

Shares Subscription Price
Warrants issued on October 8, 2013 50,008 NOK 1,825,292.00
Warrants issued on August 11, 2015 9,170 NOK 97,202.00
Warrants issued on April 28, 2016 8,973 NOK 174,973.50
In total 68,151 NOK 2,097,467.50

Consequently, the share capital increase resulting from the exercise of the warrants (from nominally DKK 2,636,404.40 by nominally DKK 6,815.10 to nominally DKK 2,643,219.50) will now be registered and the newly issued shares will be divided between the warrant holders having issued an exercise notice in accordance with the above.

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

Asetek A/S
Assensvej 2
9220 Aalborg 
Denmark
 

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