Reduction of share capital through the cancellation of treasury shares
Company announcement No. 533, 2023
At the annual general meeting of H+H International A/S (hereinafter referred to as “the Company”) on 30 March 2023, a decision was passed to reduce the Company’s share capital by nominally DKK 10,000,000 through the cancellation of 1,000,000 treasury shares (see company announcement no. 532 of 30 March 2023).
No objections to the reduction of the share capital were received during the statutory four-week notice period, why the Company today, 4 May 2023, has registered the share capital reduction with the Danish Business Authority with a reduced total share capital at nominally DKK 165,000,000 and a total number of voting rights of 16,500,000, cf. section 32 of the Danish Capital Markets Act.
| Nasdaq Copenhagen, ISIN code | DK0015202451 |
| Voting rights | One vote per share |
| Denomination | DKK 10 per share |
| Nominal share capital before reduction | DKK 175,000,000 |
| No. shares before reduction | 17, 500, 000 |
| No. shares cancelled | 1,000,000 |
| No. shares after reduction | 16,500,000 |
| Nominal share capital after reduction | DKK 165,000,000 |
| Total number of voting rights after reduction | 16,500,000 |
Following the reduction of the share capital, the Company holds 162.049 treasury shares corresponding to 0.98 percent of the reduced total share capital and voting rights. The Company intends to use treasury shares to meet its obligations to deliver shares at vesting of the share-based long-term incentive programs to management and other key employees both in the Company and in each of the three different regions.
Kent Arentoft Jörg Brinkmann
Chair of the Board of Directors Chief Executive Officer