Following the market close on April 27, 2016,
employees in Nordic Semiconductor ASA have exercised
41,000 share options in Nordic Semiconductor ASA.
The options contracts were granted to employees with
a strike price of NOK 38.43 and a "cap" of NOK
150.00 upon cash settlement.
Following the share option exercise, the Board of
Directors, pursuant to authorization granted by the
company`s Annual General Meeting, has resolved to
increase the Company`s share capital by NOK 410 by
issuing 41 000 new shares, of par value NOK 0,01.
Following the increase the Company`s share capital is
NOK 1,634,816 divided into 163,481,600 shares.
All expenses related to the options exercise have
already been recognized in previous quarters, and
the options settlement has no net impact on the
operating expenses of the company in the current or
future quarters.
After this transaction, the total number of options
issued in Nordic Semiconductor ASA shares under the
employee option program is 3.730,503.
For more information, please contact:
Pål Elstad, CFO +47 99 166 293