Data Respons ASA: Share options scheme and allocation of share options 2017
28 April 2017 - 4:00PM
At Data Respons ASA annual general meeting on
April 14, 2016 the Board of Directors was authorised to establish a
share option scheme and grant options to key personnel employed by
the company by a maximum total of 1 440 000 share options under the
following terms:
- The share options shall be vested and allocated annually in three
equal tranches over a three-year period, and can only be exercised
after the three-year period.
- The strike price for one third of the share options granted shall
be determined annually equal to market value at the beginning of
each vesting period. The strike price will be reduced by the amount
paid in dividends per share in the period between determination of
market value and exercise date. In the event of any changes in the
company's share capital through merger, demerger, repayment to
shareholders, etc., the number of share options and/or the strike
price will be adjusted in accordance with the generally recognised
principles for such adjustments.
- Market value will be determined as the weighted average share
price for the Data Respons share the 20 first trading days after
the annual general meeting at the beginning of each of the three
allocation years, the first time after the annual general meeting
on April 14, 2016. The weighted average share price in the period
of April 15 to May 13, 2016 was NOK 11.31
- The company may choose to issue new share or purchase own shares
to meet the obligation of share options which are
exercised.
The following primary insiders in the company have been allocated
options under the first tranche according to the above and have,
following this, the following number of shares and options in the
company:
Shares
Options
Total options
owned
allocated
allotted
2017
2017-2019
Kenneth Ragnvaldsen (CEO)
272 000
200 000
600 000
Rune Wahl (CFO)
72 000
150 000
390 000
Jørn E Toppe (COO)
214 937
90 000
230 000
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 Medical, Industry
Automation, Smart grid/Smart home, Bank and
Insurance, Automotive, Defence, Maritime, Energy and
Telecommunications.
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 to the disclosure
requirements pursuant to section 5 -12 of the Norwegian Securities
Trading Act.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Data Respons ASA via Globenewswire
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