Share Issue in connection with a Private Placement to Primary Insider
Jyllinge, Denmark, June 3, 2010, ORIGIO a/s (OSE: ORO), a leader in Assisted Reproductive Technologies (ART), announced today that the Board of Directors has completed a share issue of 303,701 new shares raising NOK 3.2 million.
The share issue was based on a USD/NOK exchange rate of 6.5339 (closing rate on June 1, 2010) and at a price of NOK 10.76 per share, which is the average closing price on the Oslo Stock Exchange for the period May 20 – May 31, 2010.
The share issue is fully underwritten by Debra Bryant, CEO of Humagen Pipets. Debra Bryant has hereafter 303,701 ORIGIO shares.
After the completion of the share issue the total nominal value of ORIGIO a/s share capital is DKK 144,976,230 at the end of June 3, 2010, which is made up of 28,995,246 shares of a nominal value of DKK 5 each corresponding to 28,995,246 votes.
For further information, please contact:
Jesper Funding Andersen, CEO: +45 4073 0963 or E-mail: jfandersen@origio.com
Jakob Brix Christensen, Director Investor Relations: +45 2144 4811 or E-mail: jbrix@origio.com
About ORIGIO a/s
ORIGIO a/s is a world leader in Assisted Reproductive Technology (ART) solutions. Through research and innovation, ORIGIO aims to provide the best products to medical professionals to help the #1 dream of every infertile couple come true. ORIGIO currently comprises the three product families MediCult Media, Humagen Pipets and MidAtlantic Devices, that caters for the broadest range of ART requirements. ORIGIO, which is headquartered in Jyllinge, Denmark and has companies in 9 countries, is listed on the Oslo Stock Exchange (ORO). For further information, please visit www.origio.com.
Forward Looking Statements
Certain statements in this press release contain forward-looking statements that involve a number of risks and uncertainties. Our actual results could differ materially from those results expressed in, or implied by, these forward-looking statements. There can be no assurance that any of the forward-looking statements identified in this press release will occur. Conducting studies for investigational products are subject to risks and uncertainties. There can be no assurance that planned studies can be initiated, that planned or ongoing studies can be successfully concluded or concluded in accordance with ORIGIO’s anticipated schedule. These factors, and other factors, including, but not limited to those described in ORIGIO’s most recent annual report, could cause future results to differ materially from the expectations expressed in this press release. The forward-looking statements contained in this press release may become outdated over time.
ORIGIO does not assume any responsibility for updating any forward-looking statements.