Employee share options in PhotoCure ASA granted in 1997 are exercised, and the Board of Directors therefore has decided to increase the share capital with NOK 12,500 through the issue of 25,000 shares at NOK 0.50 each. The share capital increase is based on an authorisation granted to the Board of Directors at the Annual General Meeting held on March 23, 2000.
The Articles of Association for PhotoCure ASA are changed following the share capital increase and § 4 is now as follows:
“The share capital of the company amounts to NOK 8,557,500 divided on 17,115,000 shares at NOK 0.50 each, registered by name and fully paid in. All shares in the Company shall be registered with the Norwegian Registry of Securities (VPS).”
Oslo 13th of December 2000