Announcement no. 12 - 2008/09 January 09, 2009
THRANE & THRANE EFFECTS CAPITAL INCREASE
Thrane & Thrane has increased its share capital by a nominal amount of DKK
635,000 pur-suant to the authorisation in the company's articles of
association. The share capital increase comprised a nominal amount of DKK
500,000 with respect to employee shares and a nomi-nal amount of DKK 135,000
with respect to exercise of warrants.
The capital increase is a result of 242 employees in the company having
utilised an offer to purchase bonus shares, cf. section 7.A. of the Danish Tax
Assessment Act, for an amount equivalent to DKK 4.2 million. The shares, which
are purchased monthly over a period of one year, are paid for by offset in each
employee's gross salary. The subscription price for the shares equals the price
of Thrane & Thrane shares on OMX The Nordic Exchange in Co-penhagen at the time
of purchase. The shares are held in restricted accounts for seven years from
the end of the calendar year in which the shares are purchased.
Furthermore, the increase was effected with reference to Announcement no. 7 of
June 30, 2008, according to which employees have exercised 5,750 warrants at an
average subscrip-tion price of DKK 145.2, and one employee's exercise of 1,000
warrants in the beginning of January 2009 at a subscription price of DKK 145.9.
The exercise of warrants was made in pursuance of article 3.B.2 of the
company's articles of association.
Following the capital increase, Thrane & Thrane's share capital has a total
nominal value of DKK 112,694,880, equivalent to 5,634,744 shares.
For further information, please contact
John Alexandersen, Vice President, Group Communications
Tel.: +45 39 55 88 35 or + 45 22 72 38 22 (mobile)
E-mail: investor@thrane.com
About Thrane & Thrane
Thrane & Thrane is the world's leading manufacturer of equipment and systems
for global mobile communication based on sophisticated satellite and radio
technology. Since its incorporation in 1981, the company has estab-lished a
strong position within global mobile communication solutions based on the
Inmarsat system, and today Thrane & Thrane provides equipment for maritime,
land-based and aeronautical use. The company's communica-tion products are sold
throughout the world under the brands Thrane & Thrane, EXPLORER® and SAILOR®
through distributors and partners. Thrane & Thrane is listed on OMX The Nordic
Exchange in Copenhagen (THRAN). www.thrane.com.
