Company Announcement no 2008-06 31 March 2008
Annual general meeting and election 5:10 pm CEST
of Directors
Today, William Demant Holding A/S held its annual general meeting at the
Company's premises, Kongebakken 9, 2765 Smørum, Denmark. The Board's proposals
were approved in full by the ge¬neral meeting, implying among others the
following decisions:
The year's profits, DKK 884 million, will be transferred to the Company's
reserves.
Mr Lars Nørby Johansen, Mr Michael Pram Rasmussen and Mr Peter Foss were
re-elected as Directors of the Company; Mr Niels B. Christiansen, Vice CEO of
Danfoss A/S, was elected new Director of the Company; and Mr Niels Boserup and
Mr Nils Smedegaard Andersen have both withdrawn from the Board of Directors.
The Company's auditors, Deloitte Statsautoriseret Revisionsaktieselskab, were
re-elected.
A provision will be introduced into the Company's Articles of Association
(clause 5.4) to the
effect that the register of shareholders will in future be kept by Aktiebog
Danmark A/S,
Kongevejen 118, DK-2840 Holte.
The Company's share capital was reduced by nominally DKK 2,030,270 through
the cancellation of the Company's holding of treasury shares. After the
reduction, the Company's share capital amounts to DKK 58,956,257.
Until the next ordinary general meeting, the Board was authorised to let the
Company acquire treasury shares with a nominal value of up to 10% of the share
capital.
At the general meeting, the Company's Chairman, Mr Lars Nørby Johansen, gave an
account of the market conditions. He said among other things:
"Also this year, the Board of Directors can look back on the past year with
great satisfaction. In 2007, the Group achieved sizeable growth rates and once
again captured market shares. Also in 2007, the Group took the lead as the
absolute "first mover" in the hearing aid industry by introducing the world's
first, fully wireless, binaural hearing aid solution."
After the general meeting, the Board of Directors elected Mr Lars Nørby
Johansen Chairman and
Mr Peter Foss Deputy Chairman of the Board.
• • • • • • •
Further information:
Niels Jacobsen, President & CEO
Phone +45 39 17 71 00
www.demant.com
