The boards of directors of Aktieselskabet Schouw & Co. (”Schouw & Co.”) and
BioMar Holding A/S (”BioMar Holding”) have agreed to recommend that the two
companies merge with Schouw & Co. as the continuing company.
Prior to the merger, a proposal will be made to issue bonus shares to the
existing shareholders of Schouw & Co. at a ratio of one new share for every
share held.
The merger will be completed following the bonus share issue by each share in
BioMar Holding with a nominal value of DKK 20 being exchanged for one share in
Schouw & Co. with a nominal value of DKK 10.
BioMar Holding is already a fully consolidated subsidiary in Schouw & Co's
financial statements and the only effect of the merger is that there will no
longer be minority interests in BioMar Holding.
