Following requests from a number of employees to exercise their warrants from
the share option programmes issued in 2005, the share capital of NKT Holding
will be increased by the issue of 4,100 shares of a nominal value of 20 DKK
each. The share capital will thus be increased by a total nominal amount of
82,000 DKK.
The shares will be subscribed for based on warrants issued in 2005, as detailed
in NKT's Stock Exchange Release No. 3 dated 6 January 2005. The subscription
price will be 194 DKK per nominal 20 DKK share.
Following the increase in share capital, NKT's registered share capital will
comprise a total of 23,722,479 NKT shares of a nominal value of 20 DKK,
corresponding to a total nominal share capital of 474,449,580 DKK.
The share capital will be registered in Article 3 of NKT's Articles of
Association.
Consequences
The new shares will convey right to dividend as from the date of registration
with The Danish Commerce and Companies Agency. As registration will take place
before NKT's annual general meeting on 25 March 2010 this means the shares will
convey right to dividend for the 2009 financial year. The amount proposed as
dividend by NKT's Board of Directors for approval at the annual general meeting
will thus be increased from 83,014,327 DKK to 83,028,677 DKK.
The increase in capital described above will not affect the NKT Group's planned
profits for 2010.
Exercise of further warrants
The increase in share capital described above represents exercise of 2.2% of
the warrants available for exercise by NKT's employees during the current
exercise period ending on 12 April 2010.
It is therefore considered that until 12 April 2010 it will be relevant to
further increase NKT's share capital as a result of potential exercise of the
remaining 180,275 warrants still outstanding from 2005, 2006 and 2007.
Questions
Please address any questions concerning the above to the undersigned on
telephone no.
+45 4348 2000.
Yours faithfully
NKT Holding A/S
Thomas Hofman-Bang
President and CEO
