- Adoption of the audited Annual Report, including discharge of Management and the Board of Directors from their obligations.
- Resolution concerning the application of profits according to the adopted audited Annual Report. The dividend will be DKK 4.40 per share of DKK 2, an increase of 22% compared with 2002.
- Re-election of auditors - PricewaterhouseCoopers and Ernst & Young, Statsautoriseret Revisionsaktieselskab.
- Changes to the Articles of Association:Article 3 - modernisation of the objects clause.
Article 4 a) - specification of the Board of Directors' authorisations to increase the share capital and extension of the Board of Directors' authorisations from 19 March 2006 to 15 March 2009.
Article 8 e) - change of the notification requirement to the Annual General Meeting to two national daily newspapers.
Article 10 e) - abolishment of the requirement for the approval of the Annual General Meeting in case of the amalgamation of the Company and another company.
Article 12 (3) - abolishment of the provision on discharge of Management and the Board of Directors from their obligations (Management's and Board of Directors' exempt from liability).
Article 14 - reduction of the Board of Directors' term of office from three years to one year.
Article 20 - reduction of the number of auditors from two to one when legislation so permits.
Various linguistic changes to the Articles of Association.
- Re-election of all the existing board members elected by the Annual General Meeting: Mads Øvlisen, Kurt Anker Nielsen, Kurt Briner, Niels Jacobsen, Ulf J Johansson, Sten Scheibye and Jørgen Wedel.
- Authorisation to the Board of Directors, until the next Annual General Meeting, to allow the company to acquire own shares of up to 10% of the share capital and at the price quoted on the date of purchase with a deviation of up to 10%, cf Article 48 of the Danish Companies Act.
- Authorisation to the Chairman of the Annual General Meeting.
The Board of Directors
Accordingly the Board of Directors of Novo Nordisk comprises:
- Mads Øvlisen
- Kurt Briner, director, Switzerland
- Niels Jacobsen, president and CEO, Oticon Danmark A/S and William Demant Holding A/S
- Ulf J Johansson, dr tech, Sweden
- Kurt Anker Nielsen
- Sten Scheibye, president and CEO, Coloplast A/S
- Jørgen Wedel, director, US
- Johnny Henriksen, environmental specialist (employee representative)
- Anne Marie Kverneland, laboratory technician, (employee representative)
- Stig Strøbæk, electrician (employee representative).
At a Board Meeting immediately after the Annual General Meeting the Board constituted itself with Mads Øvlisen as chairman and Sten Scheibye as vice chairman.
Further the Board of Directors established an Audit Committee, which will be responsible for a number of tasks such as the oversight of the external auditors and procedures for handling complaints regarding financial reporting matters.
Kurt Anker Nielsen, Niels Jacobsen and Ulf J Johansson were elected as members of the Audit Committee. In addition, Kurt Anker Nielsen was designated as chairman of the Audit Committee, and Kurt Anker Nielsen and Niels Jacobsen were designated as Audit Committee Financial Experts.
Novo Nordisk is a healthcare company and a world leader in diabetes care. The company has the broadest diabetes product portfolio in the industry, including the most advanced products within the area of insulin delivery systems. In addition, Novo Nordisk has a leading position within areas such as haemostasis management, growth hormone therapy and hormone replacement therapy. Novo Nordisk manufactures and markets pharmaceutical products and services that make a significant difference to patients, the medical profession and society. With headquarters in Denmark, Novo Nordisk employs approximately 18,800 full-time employees in 69 countries, and markets its products in 179 countries. Novo Nordisk's B shares are listed on the stock exchanges in Copenhagen and London. Its ADRs are listed on the New York Stock Exchange under the symbol 'NVO'. For more information, visit www.novonordisk.com.
For further information please contact:
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Media: |
Investors: |
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Outside North America: |
Outside North America: |
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Mike Rulis |
Peter Haahr |
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Tel (direct): (+45) 4442 3573 |
Tel (direct): (+45) 4442 1207 |
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Palle Holm Olesen |
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Tel (direct): (+45) 4442 6175 |
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In North America: |
In North America: |
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Susan T Jackson |
Christian Kanstrup |
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Tel (direct): (+1) 609 919 7776 |
Tel (direct): (+1) 609 919 7937 |
Stock Exchange Announcement No 24 / 2004
