Data Respons ASA: CONTEMPLATED PRIVATE PLACEMENT
March 20 2018 - 11:52AM
NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER
JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER
OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Data Respons ASA (the "Company") has engaged Swedbank Norge, branch
of Swedbank AB (publ) ("Swedbank Norge" or the "The Manager") in
cooperation with Kepler Cheuvreux SA, to assist the Company in a
contemplated private placement (the "Private Placement") of up to
2,226,637 new shares in the Company, corresponding to approximately
4.33% of current number of outstanding shares.
The net proceeds from the Private Placement will be used to
strengthen the Company's balance sheet, increase the Company's
flexibility to finance the Company's organic and non-organic growth
strategy.
The Private Placement is directed towards Norwegian investors and
international institutional investors pursuant to and in compliance
with applicable exemptions from the obligation to publish a
prospectus pursuant to the Norwegian Securities Trading
Act.
The subscription price in the Private Placement will be determined
by the Board of Directors based on an accelerated book-building
process conducted by the Manager. The application period commences
today on [20 March] 2018 at 16:30 (CET) and will close on [21
March] 2018 at 08:00 hours (CET). The Company, together with the
Manager, reserves the right to close or extend the application
period at any time at their sole discretion, at short notice. The
minimum order size in the Private Placement is a NOK amount
equivalent to EUR 100,000.
Delivery of the new shares allocated in the Private Placement will,
in order to facilitate delivery-versus-payment and timely delivery
of already listed shares to subscribers in the Private Placement,
be made by delivery of existing and unencumbered shares in the
Company, pursuant to a share lending agreement entered into between
the Company and the Manager.
The completion of the Private Placement is subject to approval by
the Board of Directors of the Company pursuant to an authorisation
given by the Annual General Meeting held 27 April 2017.
Advokatfirmaet CLP DA is acting as legal advisor for the Company in
connection with the Private Placement.
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.
This announcement is not and does not form a part of any offer for
sale of any securities, and is for release, publication or
distribution, directly or indirectly, in the United States, or any
other jurisdiction in which such distribution would be unlawful or
would require registration or other measures. Securities may not be
sold in the United States absent registration with the United
States Securities and Exchange Commission or an exemption from
registration under the U.S. Securities Act of 1933, as amended.
Data Respons ASA does not intend to register of its securities in
the United States.
The distribution of this announcement into jurisdictions other than
Norway may be restricted by law. Persons into whose possession this
announcement comes should inform themselves about and observe any
such restrictions. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such
jurisdiction. This announcement has not been approved by any
regulatory authority.
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
Proshares Big Data Refin... (AMEX:DAT)
Historical Stock Chart
From Jul 2024 to Aug 2024
Proshares Big Data Refin... (AMEX:DAT)
Historical Stock Chart
From Aug 2023 to Aug 2024