Primary insiders in Data Respons ASA have subscribed to new shares in Data
Respons ASA (DAT) as part of the company's employee share saving scheme for
The company has established a share savings programme for employees in order to
create dedication for value creation and ensure convergence of the financial
interests of the employees and the shareholders.
Employees can subscribe to shares at a 25 % discount of market value on the time
of share subscription. Maximum subscription amount, after discount, is NOK
40 000. The shares are subject to a lock-up period of two years, and given that
the employee is still employed in Data Respons, he or she will receive one bonus
share for every fifth share purchased at the end of the lock-up period.
Employees are offered the option to finance the purchase through monthly payroll
deductions for the remaining months of 2019. In addition to the programme for
all employees described above, Data Respons has a share savings programme for
the senior management in the company. This programme offer senior management
personnel to subscribe additional shares at the same terms as the programme
offered to all employees, however with no financing offered.
The subscription price is NOK 20.69 per share, equal to the weighted average
traded price of the Data Respons share on the Oslo Stock Exchange of the ten
trading days before the start of the subscription period the 22nd of May 2019 of
NOK 27.59 , less a discount of 25%.
The following primary insiders have subscribed to new shares in DAT:
Number of shares subscribed / New holdings (including related parties):
- Kenneth Ragnvaldsen, CEO: 25 000 / 350 595
- Rune Wahl, CFO: 25 000 / 149 595
- Jørn Erik Toppe, COO: 6 933 / 173 965
- Bendik Justad, Head of Group Accounting: 6 933 / 19 695
- Eirik Arnø, Director Strategy & Growth: 8 000 / 15 095
For further information:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. +47 913 90 918.
Rune Wahl, CFO, Data Respons ASA, tel. + 47 950 36 046
About Data Respons
Data Respons is a full-service, independent technology company and a leading
player in the IoT, Industrial digitalisation and the embedded solutions market.
We provide R&D services and smarter solutions to OEM companies, system
integrators and vertical product suppliers in a range of market segments such
as Transport & Automotive, Industrial Automation, Telecom & Media, Space,
Defence & Security, Medtech, Energy & Maritime, and Finance & Public Sector.
Data Respons ASA is listed on the Oslo Stock Exchange (Ticker: DAT), and is part
of the information technology index. The company has offices in Norway, Sweden,
Denmark, Germany and Taiwan. www.datarespons.com (http://www.datarespons.com/)
This information is subject of the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act.