Rovsing A/S - Company announcement no 270
Rovsing issues new shares in connection with the exercise of employee warrants.
The capital increase is subscribed for without pre-emptive rights for the company's existing shareholders or others.
The shares are subscribed in cash at a price of DKK 0.05 per share with a nominal value of DKK 0.05 per share. The increase of the share capital is due to Cristian Bank’s, CEO exercising of 5,000,000 warrants. The proceeds to the company amount to DKK 250,000.
The newly issued shares are ordinary shares without special rights and free marketable negotiable securities. The new shares entitle to dividends and other rights in the company from the date of subscription.
The new shares will be admitted to listing on NASDAQ Copenhagen after registration with the Danish Business Authority. Rovsing A/S' previous share capital amounts to DKK 19,992,722.75 and will after the capital increase amount to DKK 20,242,722.75 divided into 404,854,455 shares of DKK 0.05. The capital increase is expected to be completed shortly.
The content of this announcement has no influence on the company's accounting expectations for FY 2017/18.
Additional information:
Rovsing A/S www.rovsing.dk,
Cristian Bank, CEO, e-mail cbk@rovsing.dk, phone +45 53 39 18 82
http://prlibrary-eu.nasdaq.com/Resource/Download/5d106823-85db-43cf-a246-07fd0a57b9fa
