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 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 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 aggregating
33,896 warrants distributed as follows:
Warrants
Warrants issued on August 12, 2014 762
Warrants issued on August 11, 2015 11,229
Warrants issued on April 28, 2016 15,059
Warrants issued on April 25, 2017 6,846
In total 33,896
In respect of 33,134 exercised warrants issued on August 11, 2015, April 28,
2016, and April 25, 2017, 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 762 exercised warrants will subscribe for the
corresponding 762 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 August 12, 2014 762 NOK 25,831.80
In total 762 NOK 25,831.80
Consequently, the share capital increase resulting from the exercise of the
warrants (from nominally DKK 2,643,219.50 by nominally DKK 76.20 to nominally
DKK 2,643,295.70) 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
Asetek A/S
Assensvej 2
9220 Aalborg
Denmark