The board of directors of Photocure ASA has resolved a share capital increase as a consequence of employees exercising vested options granted under the company's employee incentive scheme.

Upon completion of the issuance of shares, the company's share capital will be increased with a total of NOK 17,067, by issuing 34 134 new shares. The shares are issued at an average subscription price of NOK 30.20. After completion, the share capital of Photocure ASA will be NOK 10,755,214.50 divided on 21,510,429 shares, each with a nominal value on NOK 0.50. Each share representing one vote at the company's general meeting.

The resolution to increase the share capital was made pursuant to an authorisation granted by the annual general meeting in Photocure ASA on 28 April 2016, setting aside the pre-emptive rights of shareholders to attend to the purpose of the share issue.


For further information, please contact:
Photocure
CFO Erik Dahl
Tel: +47 450 55 000
E-mail: ed@photocure.no
www.photocure.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 OMX Corporate Solutions on behalf of NASDAQ OMX 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: Photocure ASA via Globenewswire
HUG#2014466
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