With reference to the power of attorney granted at the ordinary general meeting of EMGS on 1 March 2007, the board of Directors has in a board meeting 17 September 2007 approved a share issue of 57,650 shares, each with a face value of NOK 0.25. As a result, the share capital will be increased by NOK 14,412.50 from NOK 18,420,830.75 to NOK 18,435,243.25.
The share issue is completed through exercising of stock options in connection with EMGS` stock option program to key employees.
The following primary insiders have decided to exercise options:
Andy Lozano
20,000 shares at a subscription price of NOK 7.30.
After the transaction mr. Lozano has 65,295 shares and 30,000 options.
20,000 shares at a subscription price of NOK 7.30.
After the transaction mr. Lozano has 65,295 shares and 30,000 options.
Christian Beck
20,000 shares at a subscription price of NOK 10.95. The transaction is done through Mr. Beck`s company, Case Holding AS.
After the transaction mr. Beck has 97,937 shares and 20,000 options.
20,000 shares at a subscription price of NOK 10.95. The transaction is done through Mr. Beck`s company, Case Holding AS.
After the transaction mr. Beck has 97,937 shares and 20,000 options.
Grete Søreng
2,000 shares at a subscription price of NOK 26.00.
After the transaction mrs. Søreng has 5,019 shares and 8,000 options.
2,000 shares at a subscription price of NOK 26.00.
After the transaction mrs. Søreng has 5,019 shares and 8,000 options.
An updated Company Certificate of Registration will be sent to OSE when received from the Register of business enterprises.
For further information, please contact:
Svein Knudsen, CFO, tel +47 73 56 88 10