Subscription Rights Grant
On 25 August 2016, the Board of Directors of Cxense ASA resolved to issue 130,500 subscription rights ("SRs") to employees in the company. The grant was made under the company's 2016 incentive subscription rights plan as resolved at the annual general meeting on 12 May 2016. The exercise price of the SRs is NOK 165.80 per share. The issued SRs vest over 4 years by 25 % on each anniversary from the date of the grant. The SRs expire on 25 August 2021.
Following the grant there will be a total of 373,725 subscription rights and share options outstanding. As of today there are 7,553,787 shares outstanding.
26 August 2016
Investor Relations Contact
Jørgen M. Loeng
Chief Financial Officer
Mobile: +47 906 60 062
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.