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
54,544 warrants distributed as follows:
Warrants
Warrants issued on October 8, 2013 17,911
Warrants issued on August 11, 2015 21,871
Warrants issued on April 28, 2016 14,762
In total 54,544
In respect of the 17,911 exercised warrants issued on October 8, 2013, the Board
of Directors has, in accordance with the applicable warrant terms, decided to
pay the warrant holders a cash amount (cash settlement) corresponding to the
amount by which the market price of the shares in the Company exceeds the
subscription price, instead of delivering the shares corresponding to the
warrants.
The holders of the remaining 36,633 exercised warrants will subscribe for the
corresponding 36,633 shares of each nominally DKK 0.1 in the Company and the
Company has thus received the following corresponding subscription price:
Shares Subscription Price
Warrants issued on August 11, 2015 21,871 NOK 231,832.60
Warrants issued on April 28, 2016 14,762 NOK 287,859.00
In total 36,633 NOK 519,691.60
Consequently, the share capital increase resulting from the exercise of the
warrants (from nominally DKK 2,542,111.90 with nominally DKK 3,663.30 to
nominally DKK 2,545,775.20) 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