28 October 2016 - Chairman of the Board of Directors and primary insider of
Asetek A/S Sam Szteinbaum has on Thursday, October 27, 2016 exercised 15,654
warrants at an exercise price of NOK 10.60.
Following the transaction, Sam Szteinbaum owns 152,254 shares and 38,579
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 August 8, 2015.
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 per share.
The Company has now received exercise notice from a warrant holder aggregating
15,654 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 2,540,546.50 with nominally DKK 1,565.40 to
nominally DKK 2,542,111.90) will now be registered and the newly issued shares
will be distributued as follows to the warrant holder having issued an exercise
notice:
Shares Subscription Price
Warrants issued on August 8, 2015 15,654 NOK 165,932.40
In total 15,654 NOK 165,932.40
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