ANNOUNCEMENT NO. 18 -
Today’s extraordinary general meeting was convened in order to attain final adoption of the amendments to the Articles of Association proposed by the Board of Directors, which could not be finally adopted at the Company’s annual general meeting on
The following amendments were adopted:
· | The Company’s share capital will be reduced by nominally |
The share capital reduction is made at par value. | |
The treasury shares covered by the proposal for cancellation were acquired by the Company through the share buy-back programs initiated on | |
The Company’s total purchase price for the treasury shares to be cancelled has been calculated using the average price method and constitutes | |
Before the share capital reduction is completed, the Company’s creditors will be invited to notify claims as stipulated by Section 192 of the Danish Companies Act. The share capital reduction will be finally completed following the expiry of the date applicable for notification of claims, provided that the Board of Directors continue to deem the share capital reduction prudent. | |
· | Authorisation to increase the share capital has been extended until |
· | Entity providing shareholder register services has been clarified through insertion of company name, Computershare. |
· | The Board of Directors has been authorised to decide that general meetings can be held electronically, in whole or in part. |
· | The company has been allowed to communicate electronically by email or other digital means with its shareholders. |
· | Retirement age for board members has been abandoned. |
The Articles of Association will be updated and can be found on the Company’s website at www.ds-norden.com.
Kind regards,
Chairman
For further information:
Attachment
- No. 18 Outcome of Extra-Ordinary General Meeting 2020
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