Based on the power of attorney granted at the annual general meeting of EMGS on 13 June 2012, the Board of Directors of EMGS has in board proceedings 17 September 2012 approved a share issue of 376,000 shares, each with a face value of NOK 0.25 at the option price of NOK 4.28 per share for 161,000 of the new shares, NOK 5.77 for 202,000 of the new shares and NOK 11.70 for 13,000 of the new shares. As a result, the share capital will be increased by NOK 94,000 from NOK 49,625,013.75 to NOK 49,719,013.75. The number of shares after the issue is 198,876,055.
The share issue is completed through exercising of stock options in connection with EMGS' stock option program.
Svein Knudsen exercised 110,000 options (50,000 at NOK 4.28 per share and 60,000 at NOK 5.77 per share). After this option exercise Svein Knudsen hold 207,694 shares and 335,000 options in EMGS.
Contact
Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.