Issue of warrants


At the Annual General Meeting on 28 January 2011 and at the extraordinary General Meeting on 7 March 2011 the Supervisory Board was authorized to issue warrants. Today, 26 January 2015, the Supervisory Board has decided to partially exercise the authorization and issue warrants. The decision is made as a consequence to the results achieved in the earning period, i.e. the financial years 2011/12, 2012/13 and 2013/14.

The warrants give a group of employees and managers in the Company the right to apply for 273,827 shares at DKK 5 in the Company, and at the same time the Supervisory Board has decided to increase the Company's share capital in accordance herewith.

The warrants can be exercised in each of the periods of 4 weeks following the Company’s financial announcements in the period from 26 January 2015 to 31 December 2017.  

The capital increase is affected without any preemption rights for the existing sharesholders of the Company or others. The shares are subscribed in cash at a price of DKK 12.17 per share of nominally DKK 5 equivalent to DKK 3,332,475. Proceeds to the Company, besides the nominal payment, amount to DKK 1,963,340. The capital increase corresponds to approx. 3.09% of the Company’s share capital.

The value of each warrant was in January 2012 DKK 3.8 calculated by a Black-Scholes model with a risk free interest of 1.3% based on the historical volatility of the share. 

The new shares are ordinary shares without any special rights and are freely transferable negotiable instruments. The new shares give full rights to dividends and other rights in the Company from the time of subscription. The new shares will be listed on NASDAQ OMX Copenhagen after registration with the Danish Business Authority. The Company’s present share capital amounts to DKK 44,373,785 and after the capital increase it will amount to DKK 45,742,920.

The allocation results in a change in the Articles of Association published at the Company’s website.

 

For further information please contact:
CEO Flemming Hynkemejer tel. +45 96 32 23 00


Attachments

FB2015 08 UK RTX Issue of warrants.pdf