Announcement No. 12-2010
17 May 2010
Part of a convertible loan to be converted
Consolidated Holdings A/S has informed the board of directors of Netop
Solutions A/S of its intention to convert EUR 763,135 (c. DKK 5.7 million) of
the EUR 2,500,000 (c. DKK 18.6 million) convertible loan, raised by Netop
Solutions. See Announcement No. 11 of 27 April 2010. The conversion rate,
defined in the debt instrument as the average price (All trades) of the
company's shares during the three business days preceding the date of execution
of the debt instrument (27 April 2010), has been calculated at DKK 8.54 per
share in Netop Solutions A/S. Accordingly, EUR 1,736,865 of the convertible
loan remains outstanding.
Netop Solutions A/S will as soon as possible complete a capital increase for
the amount of DKK 3,325,000 to be converted, equal to 665,000 shares. The
capital increase will be made under the authority provided by Netop Solutions'
articles of association.
Prior to the capital increase, Netop Solutions has a share capital of DKK
21,045,540, equal to 4,209,108 shares. Following the capital increase, Netop
Solutions will have a share capital of DKK 24,370,540, equal to 4,874,108
shares.
Prior to the conversion, the holder of the convertible debt instrument,
Consolidated Holdings A/S, holds a 22.87% stake in Netop Solutions, making it
the largest single shareholder of Netop Solutions. The Chairman of Netop
Solutions' board of directors, Ib Kunøe, has a controlling interest in
Consolidated Holdings A/S. Following completion of the expected capital
increase, Consolidated Holdings A/S' interest in Netop Solutions will exceed
33.3% of Netop Solutions' share capital.
Contact
Kurt Bager, CEO
Tel: +45 45 90 25 25
E-mail:kgb@netop.com
Netop Solutions A/S
Netop develops and sells software solutions enabling swift, stable and secure
transfer of video, screen images, sound and data over the Internet. The company
has three core business areas: Administration, Education and Communication.
Netop's unique and cost-saving Administration solutions makes work easier for
IT professionals through remote control and IT asset management. Netop's
market-leading Education solutions for classroom management and corporate
e-learning help students and teachers achieve optimum results through virtual
teaching. Netop's Communication solutions allow customers, business partners
and colleagues to meet easily and safely in virtual space through chat, video
or voice over the Internet. Netop has about 140 employees and subsidiaries in
the USA, the UK, Romania and Switzerland. The company sells its solutions to
public and private sector customers in more than 80 countries. Netop Solutions
A/S is listed on NASDAQ OMX Copenhagen. Netop generated revenue of DKK 85m in
2009. For more information, go to www.netop.com.
Translation In the event of any inconsistency between this document and the
Danish language version, the Danish language version shall be the governing
version.
