Stockholm, April 29, 2016
Due to exercise of outstanding stock options issued to secure delivery of shares under the INVISIO Communications employee stock option program 2013/2017 INVISIO Communications’ share capital has increased from SEK 42,240,161 to SEK 42,843,500. This is an increase of SEK 603,339, apportioned among 603,339 new shares. The total number of shares and votes in the company thus amounts to 42,843,500.
The INVISIO Communications employee stock option program 2013/2017, which was approved by an extraordinary meeting of shareholders held on April 24, 2013, gives the company’s employees the opportunity to acquire newly subscribed shares in three tranches, the first of which, Tranche 1, is now in the exercise phase. In May 2016 the holders of employee stock options will be entitled to exercise them to acquire new shares in the Company.
Tranches 2 and 3 of the employee stock option program currently have 618,339 and 663,322 outstanding stock options respectively, which are to be used to secure delivery of shares to participants in the employee stock option program to be exercised for acquisition of new shares in the company in November 2016 and May 2017 respectively. Employee stock options expire after the dates mentioned if unexercised.
The employee stock option program is presented in INVISIO Communications’ annual report for 2015, on page 56, Note 8.
For further information, please contact:
Lars Højgård Hansen, President and CEO, INVISIO Communications
Mobile: + 45 5372 7722 | Email: lhh@invisio.com
Thomas Larsson, CFO, INVISIO Communications
Mobile: +45 5372 7735 | Email: thl@invisio.com
About INVISIO Communications AB (publ)
INVISIO offers cutting-edge personal communication and hearing protection systems. The systems enable users to operate and communicate safely and clearly in all environments, even under extreme conditions, such as loud noise, heat, and underwater. INVISIO systems consist of headsets and advanced control units that interface to a wide range of communication devices. The systems provide hearing protection while maintaining the natural level of situational awareness. Customers are mainly from the public sector. Sales are made via a global network of partners and to some extent directly to end customers. INVISIO is listed on Nasdaq Stockholm (IVSO). Additional information is available on the company's website, www.invisio.com.
