Satair A/S has February 16, 2011 effected an increase of the share capital by a nominal amount of DKK 144,580 as a consequence of the exercise of share options. It is expected that the share capital increase will be registered with the Danish Commerce and Companies Agency February 16, 2011. Subsequently, the registered share capital will amount to a nominal value of DKK 85,809,620 corresponding to 4,290,481 shares of a nominal value of DKK 20 each and a corresponding number of votes.
The new shares have been subscribed according to the issued share options without pre-emption rights for Satair A/S’ existing shareholders and the subscription price was DKK 250 per share of a nominal value of DKK 20. The new shares are subject to the same terms as the company’s remaining shares.
The new shares carry the right to dividend, if any, according to the 2010/11 financial statements from the time of registration of the capital increase. It is expected that the shares will be accepted for listing with Nasdaq OMX Copenhagen A/S on February 18, 2011.
After this exercise, there are 111,999 remaining share options.
CEO John Stær, jst@satair.com, +45 3247 0104
CFO Michael Højgaard, mih@satair.com, +45 3247 0126
