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 12, 2014, 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 33.90,
NOK 10.60 and NOK 19.50 per share respectively.
The Company has now received exercise notices from warrant holders aggregating
64,145 warrants distributed as follows:
Warrants
Warrants issued on October 8, 2013 7,671
Warrants issued on August 12, 2014 11,430
Warrants issued on August 11, 2015 24,061
Warrants issued on April 28, 2016 20,983
In total 64,145
The holders of the 64,145 exercised warrants will subscribe for the
corresponding 64,145 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 7,671 NOK 279,991.50
Warrants issued on August 12, 2014 11,430 NOK 387,477.00
Warrants issued on August 11, 2015 24,061 NOK 255,046.60
Warrants issued on April 28, 2016 20,983 NOK 409,168.50
In total 64,145 NOK 1,331,683.60
Consequently, the share capital increase resulting from the exercise of the
warrants (from nominally DKK 2,545,775.20 by nominally DKK 6,414.50 to nominally
DKK 2,552,189.70) 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