Trondheim/Oslo, 31 March 2016:
The Board of Directors of Q-Free ASA approved in a Board meeting 30 March 2016
to increase the share capital with NOK 497,117.90. The increase in the share
capital is carried out according to proxy by issuance of 1,308,205 new shares
with a par value of NOK 0.38.
The share capital will increase from NOK 26,626,809.76 to NOK 27,123,927.66
after the share capital increase has been registered in Foretaksregisteret (The
Norwegian Company Register).
The increase in the share capital is approved in relation to the earn-out
clauses of the acquisitions of Traffic Design in Slovenia (reference to stock
exchange announcement dated 23 April 2014), and T.D.C. Systems in the UK and
Australia (reference to stock exchange announcement dated 27 March 2014).
A new press release will be published when the share capital increase has been
registered in Foretaksregisteret.
For further information, please contact:
Acting CEO and CFO Roar Østbø: +47 932 45 175
About Q-Free
Q-Free is a leading global supplier of products and solutions within the global
ITS market. The Q-Free Group has approximately 430 employees with offices in 20
countries and presence on all continents. The Q-Free head office is in
Trondheim, Norway. Q-Free is listed on the Oslo Stock Exchange under the ticker
QFR.
www.q-free.com
Twitter: @Q-FreeASA