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Asetek reports share capital increase as a result of warrants exercise.

NORDIC BUSINESS REPORT-November 29, 2016-Asetek reports share capital increase as a result of warrants exercise

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Asetek A/S (Oslo:ASETEK) announced on Monday the receipt of exercise notices from warrant holders aggregating 11,323 warrants, with each warrant giving a right to subscribe for one share of nominally DKK0.10. Also, the company has received the corresponding subscription price.

Under the applicable warrants 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 seven years after the subscription date as specified in the subscription agreement, at 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 DKK0.1 at NOK36.50, NOK10.60 and NOK19.50 per share, respectively.

As a result of these exercise of the warrants, the share capital of the company will increase from nominally DKK2,542,111.90 by nominally DKK1,132.30 to nominally DKK2,543,244.20.

This increase will now be registered and the newly issued shares will be divided between the warrant holders having issued an exercise notice for a total of 11,323 shares at a subscription price of NOK166,514.20 in total.

In addition, 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, through its subsidiaries, designs, develops and markets thermal management solutions used in computers and data centre servers. Asetek provides computer liquid cooling solutions for the OEM servicing the gaming/performance PC, enterprise workstation and supercomputing and data centre markets.

(EUR1.00=DKK7.44)

(EUR1.00=NOK9.07)

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Publication:Nordic Business Report
Date:Nov 29, 2016
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