Share capital increase – earn-out payments
With reference to the acquisitions of MicroDoc Computersysteme GmbH (“MicroDoc”), EPOS CAT GmbH (“EPOS”) and IT Sonix/XPURE GmbH (“IT Sonix”), and Data Respons' first quarter report 2019 note six and current earn-out liabilities of NOK 125.2 million. In accordance with the acquisition agreements, the earn-out liabilities for the 2018 financial statements will be paid in cash and in shares. The cash part of NOK 68 million was paid in April 2019, and the remaining NOK 57.7 million will be paid in shares within May 2019.
The Board of Data Respons ASA has accordingly in a meeting today approved a private placement of 2 063 496 shares to the former owners of MicroDoc, EPOS and IT Sonix as the share part of the earn-out payments. The placement price is based on the weighted average traded price of the Data Respons share on the Oslo Stock Exchange from January 1, 2019 to April 30, 2019, resulting in a share price of NOK 27.98.
The number of shares outstanding will with this transaction increase from 58 317 173 shares to 60 380 669 shares.
For further information:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. +47 913 90 918.
Rune Wahl, CFO, Data Respons ASA, tel. + 47 950 36 046
About Data Respons
Data Respons is a full-service, independent technology company and a leading player in the IoT, Industrial digitalisation and the embedded solutions market. We provide R&D services and embedded solutions to OEM companies, system integrators and vertical product suppliers in a range of market segments such as Transport & Automotive, Industrial Automation, Telecom & Media, Space, Defense & Security, Medtech, Energy & Maritime, and Finance & Public Sector.
Data Respons ASA is listed on the Oslo Stock Exchange (Ticker: DAT), and is part of the information technology index. The company has offices in Norway, Sweden, Denmark, Germany and Taiwan. www.datarespons.com
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act