In continuation of Announcement no. 4 dated 14 February 2011, regarding proposal for (among other things) a capital increase of Dalhoff Larsen & Horneman A/S, it can be disclosed that the Board of Directors at the extraordinary general meeting today specifies its proposal for an increase of the share capital, so that the amount, which the share capital is proposed increased, is fixed at no less than nominally DKK 174,838,710 and no more than nominally DKK 178,554,990 and that the increase of the share capital is proposed effected at a price of DKK 7.75 per share of nominally DKK 5 (corresponding to a nominal price of 155).
The specified proposal entails that the planned capital increase will be completed with pre-emptive rights for DLH’s existing shareholders at the ratio of 2:1 (i.e. each existing share gives right to subscribe for two new shares). Based on the closing price 7 March 2011 of DKK 22.50 the subscription price of DKK 7.75 reflects a discount to TERP (Theoretical Ex-Rights Price) of 38.8%.
For further information concerning this announcement, please contact CEO Kent Arentoft at tel. +45 43 50 01 01.
