Capital increase - Exercise of employee share options
According to the company's share option plan for executives and key personnel in the Agasti Group 765,042 share options matured on Friday 8 November 2013. The execution price is NOK 1.58 per share for 458,333 of the shares and NOK 1.50 for 306,709 of the shares. The company has prior to maturity received option notices of a total of 447,532 share options. In order to fulfill the company's obligations under the share option agreements, the Board of Directors has in an extraordinary board meeting on 10 November 2013 decided to make use of the proxy given by the general meeting 26 June 2013.
Through the rights issue, Agasti will receive gross proceeds of NOK 689,831.28.
The Board of Directors has resolved to increase the company's share capital by NOK 80,555.76 from NOK 52,744,534.92 to NOK 52,825,090.68 through an issue of 447,532 new shares, each with a nominal value of NOK 0.18.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.