Asetek - Share Capital Increase Upon Exercise of Warrants

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Reference is made to warrants issued by Asetek A/S, Danish central business register (CVR) no. 34880522 (the "Company"), pursuant to corporate resolutions adopted on April 23, 2014, August 11, 2015, and April 28, 2016 respectively.

Pursuant to the applicable warrant terms, the warrants are exercisable in exercise windows open in a four weeks period running from the Company's preliminary announcement of its financial statements or publication of its interim financial report however no later than 7 years after the Subscription Date as specified in the Subscription Agreement, at 12 noon.

Each warrant gives the holder the right but not the obligation, to subscribe for one share in the Company of a nominal value of DKK 0.1 at NOK 40.10, NOK 10.60, and NOK 19.50 per share respectively.

The Company has now received exercise notices from warrant holders aggregating 41,935 warrants distributed as follows:

Warrants issued on April 23, 2014 17,010
Warrants issued on August 11, 2015 15,000
Warrants issued on April 28, 2016 9,925
In total 41,935

The holders of the 41,935 exercised warrants will subscribe for the corresponding 41,935 shares of each nominally DKK 0.10 in the Company and the Company has received the following corresponding subscription price:

Shares Subscription Price
Warrants issued on April 23, 2014 17,010 NOK 682,101.00
Warrants issued on August 11, 2015 15,000 NOK 159,000.00
Warrants issued on April 28, 2016 9,925 NOK 193,537.50
In total 41,935 NOK 1,034,638.50

Consequently, the share capital increase resulting from the exercise of the warrants (from nominally DKK 2,685,050.00 by nominally DKK 4,193.50 to nominally DKK 2,689,243.50) will now be registered and the newly issued shares will be divided between the warrant holders having issued an exercise notice in accordance with the above.

The shareholders’ register kept by the Norwegian central securities depository Verdipapirsentralen ASA and DNB Bank ASA respectively, the warrants’ register and the articles of association of the Company will be updated accordingly.Asetek A/S
Peter Dam Madsen

Chief Financial Officer

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. This stock exchange release was published by Peter Dam Madsen, CFO at Asetek A/S, on March 26, 2021 at 14:10 CET


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