Aalborg, Denmark, 4 January 2021 - Asetek A/S today announces the issuance of
consideration shares to Finland-based Granite Devices Oy (translated Inc.).
adopted by the board of directors. Reference is made to the announcement of the
IP Agreement with Granite Devices Oy. 1 January 2021 and the subsequent
correction of transaction currency dated January 4 2021.
Asetek will as a part of the capital transaction pay a total consideration of
EUR 6.8 million, of which EUR 3.4 million is paid in cash and the remaining
consideration in the form of newly issued shares in Asetek.
Asetek's issue of new shares is directed towards Granite Devices Oy. The EUR 3.4
million has been exchanged to NOK prior to Granite Devices Oy. subscription of
the new shares. The issuance of shares is completed today, Monday 4 January
2021.
The new shares are subscribed for by contribution in kind at the market rate of
shares. The market rate is based on the volume weighted average closing price of
Asetek's shares on the Oslo Stock Exchange during a period of eighteen
consecutive trading days starting on 2 December 2020 through 30 December 2020.
Thus, a total of 348,003 shares of DKK 0.10 are issued at a price per shares of
NOK 103.04.
The new shares are issued pursuant to authority granted by Asetek's shareholders
at the extraordinary general meeting 29 October 2020. The new shares are issued
against contribution in kind without any pre-emptive rights for Asetek's
existing shareholders and no other person or entity than Granite Devices Oy. has
participated in the subscription.
The new shares carries identical rights and the same rights as all other shares
issued by Asetek. The new shares entitles the holder to receive dividend from
the date of issue. Granite Devices Oy. has in the IP Agreement accepted certain
lock-up periods for the newly issued shares.
Asetek's share capital before the capital increase amounted to DKK 2,643,295.70
(equal to 26,432,957 shares of DKK 0.10 each) and after completion of the
capital increase amounts to DKK 2,678,096.00. The newly issued shares correspond
to 1.3 percent of Asetek's share capital after completion of the issuance.
About Asetek
Asetek, the creator of the all-in-one liquid cooler, is the global leader for
liquid cooling solutions for high performance gaming and enthusiast PCs, and
environmentally aware data centers. Founded in 2000, Asetek is headquartered in
Denmark and has operations in China, Taiwan and the United States. Asetek is
listed on the Oslo Stock Exchange (ASTK.OL).
www.asetek.com
For further information, please contact:
CEO and Founder André S. Eriksen
+45 2125 7076, email: ceo@asetek.com