In December 2013, Ambu A/S issued 2,000,000 warrants and in December 2014 2,000,000 warrants, each warrant entitling the holder to subscribe for one Class B share with a nominal value of DKK 0.50. 52 individuals participate in the 2013 scheme and 22 individuals participate in the 2014 scheme. In both cases, the vesting period is three years, and both schemes can therefore be exercised in the trading window that opened on 7 May 2018 in connection with Ambu’s interim financial report for Q2 2017/18.
Since 7 may 2018, instructions have been received to exercise warrants as follows:
- 2013 scheme: Two individuals have issued instructions to exercise a total of 100,000 warrants at the agreed exercise price of DKK 13.26 per share with a nominal value of DKK 0.50.
- 2014 scheme: One individual has issued instructions to exercise a total of 140,000 warrants at the agreed exercise price of DKK 23.06 per share with a nominal value of DKK 0.50.
Today Ambu’s Board of Directors decided to carry out the capital increase relating to the exercised warrants.
As a result of the capital increase, the share capital of Ambu will be increased by a nominal amount of DKK 120,000 from DKK 125,392,300 to DKK 125,512,300 through the issue of 240,000 Class B shares.
Following this and in consideration of the employees having left the company, there are 200,000 remaining warrants under the 2013 scheme being held by six individuals and 800,000 remaining warrants under the 2014-scheme being held by 11 individuals.
The new B shares are expected to be admitted to trading and official listing on NASDAQ Copenhagen A/S on 23 May 2018 under the ISIN code of Ambu A/S’ existing B shares (DK0060946788).
Under section 10 of the Danish Executive Order on disclosure requirements for issuers, Ambu A/S is to announce the total share capital and the total voting rights by the end of a month in which any change of the share capital was effected. The table below shows the total share capital and the total voting rights of Ambu A/S after the capital increase.
||Number of shares
(nominal value DKK 0.50)
You can download this company announcement (pdf).