Data Respons ASA: Contemplated repair issue

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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANYOTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Reference is made to the stock exchange notices dated 13 May 2019 and 5 June 2019 by Data Respons ASA (“the Company”) regarding a private placement of 12,000,000 shares whereof 10,000,000 shares are admitted to trading on Merkur Market and the extraordinary general meeting approval of a contemplated repair issue of up to 1,800,000 shares.The offer to subscribe for the new shares in the repair issue and the listing of the Merkur Market Shares on the Oslo Stock Exchange are both subject to the approval and publication of a prospectus to be prepared by the Company and approved by the Financial Supervisory Authority.The Company will include the first half year results to be published 12th July 2019 in the prospectus and the Company expects that the prospectus will be approved and published in August 2019. The Company therefore expects that the Merkur Market Shares will become listed on the Oslo Stock Exchange within August and that a 2 weeks subscription period in the repair issue will commence from such time.
For further information:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. +47 913 90 918.
Rune Wahl, CFO, Data Respons ASA, tel. + 47 950 36 046

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About the Author: Asheley Owens

Ashley Owen holds a Master’s in Journalism from Ryerson University and writes professionally in a broad variety of genres. She has worked as a senior manager in public relations and communications for major telecommunication companies, and is the former Deputy Director for Media Relations with the Modern Coalition. Ashely writes primarily on Canadian political issues.