Share Issue in Connection with Employee Share Purchase Program
25. Nov 2019 |
1 min read
Reference is made to the annual general meeting held on 28 May 2019 where a resolution to grant an authorisation for a share issue in connection with an employee share purchase program (ESPP) was resolved.
Gentian Diagnostics AS is pleased to announce that it has decided to conduct a share issue towards company employees that has subscribed for shares in the ESPP. Under the terms of the ESPP, all employees have been given the opportunity to subscribe for shares up to a maximum amount of NOK 15,000. The Company has decided to award a 20% discount to the volume weighted average price between 7 November and 20 November, resulting in a subscription price of NOK 38.10 per share. More than 60% of the employees have subscribed for shares and a total of 6,797 shares will be issued raising a gross proceed of NOK 258,960. Following the completion of the offering and the issue of the New Shares, Gentian's share capital will increase by NOK 679.70 to NOK 1,540,271.8 comprising 15,402,718 shares with a nominal value of NOK 0.10 per share.