Subscription Rights Grant
On 12 April 2018, the Board of Directors of Cxense ASA (the "Company") resolved to issue 54,500 subscription rights ("SRs") to employees in the Company.
The grant was made under the Company's 2017 incentive subscription rights plan as adopted by the Company's annual general meeting on 10 May 2017. The exercise price of the SRs issued is NOK 43.08 per new share. The issued SRs will vest over 4 years by 25% on each anniversary from the date of the grant. The SRs expire on 10 May 2022, after which they will lapse and be of no value.
Following the grant, there will be a total of 585,350 subscription rights and share options outstanding in the Company. As of today, the Company has 8,958,012 shares outstanding.
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.