Brussels, Belgium - 23 December 2015 - Keyware (EURONEXT Brussels: KEYW) a leading supplier of electronic payment solutions and related transaction management, discloses today's capital increase by the exercise of Warrants.

The notary deed of 12 June 2012 decided the issuance of 1,240,000 naked '2012 Warrants', each of them being entitled to acquire one share of the Company in accordance with Warrant scheme 2012. These Warrants have a 60-month term and a strike price of 0.70 EUR.

In this respect some Warrant holders exercised on 23 December 2015 on aggregate 430,000 Warrants at a strike price of 0.70 EUR per Warrant. These Warrants are entitled to the acquisition of an equivalent number of Keyware Technologies shares. As a result thereof capital and share premium have been increased by 193,500 EUR and 107,500 EUR respectively. 430,000 shares without any nominal value have been issued, having the same rights as the existing shares.

The notary deed of 30 September 2014 decided the issuance of 2,065,000 naked '2014 Warrants', each of them being entitled to acquire one share of the Company in accordance with Warrant scheme 2014. These Warrants have a 60-month term and a strike price of 0.569 EUR.

In this respect some Warrant holders exercised on 23 December 2015 on aggregate 195,000 Warrants at a strike price of 0.569 EUR per Warrant. These Warrants are entitled to the acquisition of an equivalent number of Keyware Technologies shares. As a result thereof capital and share premium have been increased by 87,750 EUR and 23,205 EUR respectively. 195,000 shares without any nominal value have been issued, having the same rights as the existing shares.

As a result of these transactions capital and share premium have been increased by 281,250 EUR and 130,705 EUR respectively. By the issuance of 625,000 new shares the number of outstanding shares amounts to 21,063,793 and the capital to 9,447,547.84 EUR. An application for listing additional shares on the NYSE Euronext Brussels will be filed shortly.

About Keyware

Keyware (EURONEXT Brussels: KEYW) is a leading supplier of electronic payment solutions, loyalty systems, identity applications and related transaction management. Keyware is based in Zaventem, Belgium. More information is available on www.keyware.com.

For additional information, please contact:

Mr. Stéphane Vandervelde
President & CEO
Keyware Technologies
Tel: +32 (0)2 346.25.23
ir@keyware.com
www.keyware.com

Keyware Technologies NV issued this content on 2015-12-23 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-23 20:06:19 UTC

Original Document: http://www.keyware.com/press-releases/en/keyware-increases-its-capital-warrant-exercises