STOCK EXCHANGE ANNOUNCEMENT
Announcement no. 31 - 2006/07 March 30, 2007
Thrane & Thrane effects capital increase
Thrane & Thrane has increased its share capital by a nominal amount of DKK
340,000 pursuant to the authorisation in the company's articles of association.
The capital increase is a result of 283 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 4.7 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 the Copenhagen Stock Exchange 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.
Following the capital increase, Thrane & Thrane's share capital has a total
nominal value of DKK 110,130,520, equivalent to 5,506,526 shares.
For further information, please contact
John Alexandersen, VP Corporate
Communications
Tel.: +45 39 55 88 35 or +45 22 72 38 22
E-mail: investor@thrane.com
About Thrane & Thrane
Thrane & Thrane is the world's leading manufacturer of
terminals and land earth stations for global mobile satellite and radio
communication. Since its incorporation in 1981, the company has established a
strong position within global mobile satellite services based on the Inmarsat
system, and today it provides equipment for land-based, maritime and
aeronautical use. The company's communication products are sold throughout the
world under the brands Thrane & Thrane, Nera and SAILOR through distributors and
partners and as OEM products. The company is listed on the Copenhagen Stock
Exchange. More information about Thrane & Thrane can be found at:
www.thrane.com.
