SP Group — Share Issue/Capital Change 2016

Sep 5, 2016

SP Group

NASDAQ Copenhagen A/S
Nikolaj Plads 6
1007 København K

Announcement No. 49 / 2016
5 September, 2016
CVR No. 15701315

SP Group A/S issues 54,000 number of new shares

During a board meeting on 5 September 2016 the Board of SP Group A/s unanimously decided to increase the share capital by nominally DKK 540,000 from nominally DKK 22,240,000 to nominally DKK 22,780,000 by issuing 54,000 number of new shares.

The Board's decision to issue new shares is in accordance with the authorization in the Articles of Association, Article 4, item 8 and item 8 in order to meet demand for exercising warrants under the 2012 and 2013 warrant programme.

The subscription price was fixed at DKK 132.98 for 5,000 number of shares equal to DKK 664,900 and at DKK 171.10 for 49,000 number of shares equal to DKK 8,383,900. DKK 9,048,800 in total.

Subsequently, SP Group A/S has on 5 September 2016 sold 5,000 number of SPG shares to 1 executive employee at a price of DKK 132.98 from the 2012 warrant programme. Hereafter 1,000 warrants are left from the 2012 programme which may be redeemed later.

And on 5 September 2016 SP Group A/S has sold 49,000 number of SPG shares to 14 executive employees at a price of DKK 171.10 from the 2013 warrant programme. Of these, Gadplast ApS exercises 11,000 warrants (Chief Executive Officer Frank Gad is the Manager of Gadplast ApS, and Gadplast ApS is a subsidiary of Frank Gad ApS) from the 2013 warrant programme, and Executive Finance Officer Jørgen Hønnerup Nielsen has exercised 8,000 warrants from the 2013 warrant programme. Hereafter, 12,000 warrants are left from the 2013 programme which may be redeemed later.

In 2013, CEO Frank Gad let Gadplast ApS acquire his warrants for cash payment of market value to SP Group A/S.

The new shares have the same rights as the existing shares, among these the right to receive dividend from the time when the increase of the share capital has been registered at the Danish Business Authority.

SP Group A/S has one class of shares and the shares are free negotiable, and there are no limits in the voting rights.

The new shares are expected to be listed on NASDAQ on 7 September 2016 under the present ID code ISIN DK0010244771 (SPG). After the share capital increase the share capital of SP Group A/S will amount to DKK nominally 22.78 million spread on 2,278,000 number of shares:

	DKK Nominal Share capital	Number of shares at DKK 10	%
Present share capital before emission	22,240,000	2,224,000	97.63
Adjusted share issue	540,000	54,000	2.37
Total nom. share capital after issue of shares	22,780,000	2,278,000	100.00

Further information:

CEO Frank Gad
Phone: (+45) 70 23 23 79
www.sp-group.dk

In case of any discrepancies, the Danish version shall prevail.

SP Group A/S, Snavevej 6-10, 5471 Søndersø, Denmark, www.sp-group.dk