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, April 28, 2016 and
April 25, 2017 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, NOK 19.50 and NOK 76.25 per share respectively.
The Company has now received exercise notices from warrant holders (employees in
the subsidiaries Asetek Danmark A/S and Xiamen Asetek Computer Industry Co.,
Ltd.)Â aggregating 31,045 warrants distributed as follows:
Warrants
Warrants issued on October 8, 2013 12,951
Warrants issued on August 12, 2014 4,461
Warrants issued on August 11, 2015 5,740
Warrants issued on April 28, 2016 6,894
Warrants issued on April 25, 2017 999
In total 31,045
In respect of 5,284 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 25,761 exercised warrants will subscribe for the
corresponding 25,761 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 7,667 NOK 279,845.50
Warrants issued on August 12, 2014 4,461 NOK 151,227.90
Warrants issued on August 11, 2015 5,740 NOK 60,844.00
Warrants issued on April 28, 2016 6,894 NOK 134,433.00
Warrants issued on April 25, 2017 999 NOK 76,173.75
In total 25,761 NOK 702,524.15
Consequently, the share capital increase resulting from the exercise of the
warrants (from nominally DKK 2,552,189.70 by nominally DKK 2,576.10 to nominally
DKK 2,554,765.80) 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