Announcement no. 28 - 2007/08 January 15, 2008
THRANE & THRANE EFFECTS CAPITAL INCREASE
Thrane & Thrane has increased its share capital by a nominal amount of DKK
999,640 pursuant to the authorisation in the company's articles of association.
The share capital increase comprised a nominal amount of DKK 280,000 with
respect to employee shares and a nominal amount of DKK 719,640 with respect to
exercise of warrants.
The capital increase is a result of 257 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 4.4 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 Copenhagen 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. 24 of
December 19, 2007, according to which employees have exercised 5,982 warrants
at an average subscription price of DKK 157.9, and Announcement no. 26 of
January 2, 2008, according to which a member of the Board of Directors and
Management Board has exercised 30,000 warrants at a subscription price of DKK
145.2. 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 112,059,880, equivalent to 5,602,994 shares.
For further information, please contact
John Alexandersen, VP Corporate 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 established 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 communication products are sold
throughout the world under the brands Thrane & Thrane, EXPLORER® and SAILOR®
through distributors and partners. Thrane & Thrane has 750 employees and is
listed on OMX The Nordic Exchange in Copenhagen (THRAN). www.thrane.com.
