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2014-05-21

Data Respons ASA : Share capital increase reserved to employees

The Board of Directors of Data Respons ASA has approved a capital increase of 137 000 shares in connection with the company's employee share saving scheme.
Data Respons has an employee share saving scheme directed at all employees in Norway, where each employee may subscribe to a maximum of 5 000 shares in 2014. The subscription price was set to NOK 8.36 per share, representing the weighted average share price of transactions in the DAT share on Oslo Stock Exchange in the period of April 25 - May 2 less a 20 % discount. The employees have subscribed to a total of 137 000 shares.

On the basis of an authorization granted by the Annual General Meeting held on April 24, 2014, the Board of Directors has in this regard resolved to increase the share capital by NOK 68 500 from NOK 24 208 397 to NOK 24 276 897 through the issue of 137 000 new shares with a nominal value of NOK 0.50 per share. The Articles of Association are adjusted accordingly.
For further information:

Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. +47 913 90 918.
About Data Respons

Data Respons is a full-service, independent technology company and a leading player in the embedded solutions market. We provide products, services and embedded computer solutions to OEM companies, system integrators and vertical product suppliers in a range of market segments such as defence, medical equipment, industrial automation, oil services and offshore, transportation, energy and telecommunications. Embedded solutions can be described as the computer brain of a machine, system or industrial end product, and can be used in a broad range of industrial applications.
Data Respons ASA is listed on the Oslo Stock Exchange (Ticker: DAT), and is part of the information technology index. The company has offices in Norway, Sweden, Denmark, Germany and Taiwan. www.datarespons.comThis information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Data Respons ASA via Globenewswire

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