Nasdaq OMX
Announcement no. 19/2008
Grant of warrants
Copenhagen, September 10, 2008. The Board of Directors in Maconomy A/S today
decided to exercise the authorisation in the company's Articles of Association
article 17 to issue up to 1,000,000 warrants in one or more batches. Each
warrant represents the right to subscribe for a share of nom. DKK 2, with the
option of increasing the share capital by up to a total of nom. DKK 2 million.
The newly issued warrants will in the coming years be used on an earn-out basis
for the acquired IP rights .
The warrants are issued in relation to the Maconomy share with the ID code
DK0010274174. The value will be determined based on the average price of trades
executed on OMX Nordic Exchange Copenhagen five days trading days prior to the
decision to exercise the warrants.
The value of the first batch is calculated from an average price of DKK 10.604
(based on trades made September 1-5, 2008) and contains 116,225 warrants. Using
the Black & Scholes method based on a volatility of 53% and an interest rate of
4.327%, the value of the granted warrants is DKK 8.647 per warrant, resulting
in a total of DKK 1,004,998. The warrants can be exercised until March 6, 2009.
Hugo Dorph
CEO
Yderligere information:
Klaus Juhl Wulff
CFO
Tel. (+45) 35 27 23 67
E-mail: ir@maconomy.com
This announcement has been prepared in Danish and English. The Danish version
is to be considered the original version for official purposes. In case of any
discrepancy between the two versions, the Danish version shall prevail.
