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    ALMB   DK0015250344

ALM. BRAND A/S

(ALMB)
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Alm. Brand A/S completes capital reduction by changing share denomination

10/31/2021 | 01:23pm EST

Announcement no. 31/2021

Alm. Brand A/S completes capital reduction by changing share denomination

At the extraordinary general meeting of Alm. Brand A/S held on 2 September 2021, the shareholders resolved to reduce the company’s share capital by nominally DKK 1,387,026,000 from nominally DKK 1,541,140,000 to nominally DKK 154,114,000 at par value for allocation to distributable reserves under equity.

As the company has not received any claims during the statutory claims filing period, the capital reduction has now been finally registered in the computer systems of the Danish Business Authority. The capital reduction was completed by changing the denomination of the company’s shares from DKK 10 per share to DKK 1 per share. The capital reduction does not change the number of shares.

With reference to section 32 of the Capital Markets Act it is hereby notified that as of 31 October 2021 the share capital of Alm. Brand A/S amounts to DKK 154,114,000 and the number of votes amount to 154,114,000.

The reduced capital admitted to trading and official listing on Nasdaq Copenhagen will be effected as soon as possible.

The company’s updated articles of association are available on the company’s website here.

Contact

Please direct any questions regarding this announcement to:

Investors and equity analysts:                 

Senior Investor Relations Officer
Mikael Bo Larsen
Mobile no. +45 5143 8002
        
Press:        

Head of Media Relations
Maria Lindeberg
Mobile no. +45 2499 8455

 

Attachment

  • AS 31 2021 - Completion of capital reduction

© OMX, source GlobeNewswire - EU Press Releases

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Sales 2021 5 494 M 837 M 837 M
Net income 2021 1 008 M 154 M 154 M
Net Debt 2021 - - -
P/E ratio 2021 18,4x
Yield 2021 2,98%
Capitalization 18 460 M 2 813 M 2 813 M
Capi. / Sales 2021 3,36x
Capi. / Sales 2022 1,97x
Nbr of Employees 1 395
Free-Float 95,4%
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Mean consensus BUY
Number of Analysts 3
Last Close Price 11,98 DKK
Average target price 15,17 DKK
Spread / Average Target 26,6%
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Rasmus Werner Nielsen Chief Executive Officer
Andreas Ruben Madsen Chief Risk & Financial Officer
J°rgen Hesselbjerg Mikkelsen Chairman
Karen Sofie Hansen-Hoeck Independent Director
Ebbe Castella Independent Director
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