The boards of egetæpper a/s and its parent foundation, Mads Eg Damgaards Familiefond, have today decided to insert a holding company between the Foundation and egetæpper, thus taking ownership of the shares in egetæpper previously owned by the Foundation.
The decision was taken in continuation of the stock exchange announcement from egetæpper of 22 January 2015, announcing the possibility of such a holding structure being investigated.
If a satisfactory and binding response from SKAT (the Danish Tax Authority) is obtained, our examinations have come so far, that a decision to implement the structural change has been taken.
The structural change will not trigger a mandatory bid to the remaining shareholders of egetæpper, as we are talking about an intra-group structural change.
The negotiations with Erhvervsstyrelsen (the Danish Business Authority), the authority governing the foundation, has documented that the Foundation is able to meet the requirements for a holding structur, outlined by Erhvervsstyrelsen (the Danish Business Authority).
At the time of establishing the new holding company, a stock exchange announcement will be published. The holding company is expected to come forward as a majority holder in egetæpper at the annual general meeting on 28 August 2015.
A holding company as majority holder in egetæpper a/s will involve a commercially flexible, future-oriented and growth-oriented new group structure, while the benefits of the long-term fund ownership are retained.
Questions relating to the proposed new corporate structure in egetæpper a/s can be directed to Jørgen Kjær Jacobsen, Chairman of Mads Eg Damgaards Familiefond or Ebbe Malte Iversen, Chairman of egetæpper a/s.
Yours sincerely,
egetæpper a/s
John Vestergaard
CFO
