Bang & Olufsen Completes Capital Increase of 24,554,416 Shares
Bang & Olufsen Announces Completion of Share Capital Increase
In a significant milestone for Bang & Olufsen, the Company has successfully registered a capital increase with the Danish Business Authority. This capital increase, valued at a substantial DKK 122,772,080, results in the issuance of 24,554,416 new shares, each priced at DKK 5.00, marking a crucial growth phase for the Company.
Details of the Capital Increase
The newly registered shares denote approximately 20% of the Company’s existing registered share capital prior to this increase and approximately 16.7% following the issuance. This strategic maneuver not only enhances the capital base but is also a clear signal of the Company’s commitment to expanding its market presence.
Upcoming Trading and Listing Information
The new shares are anticipated to begin trading and receive official listing on Nasdaq Copenhagen A/S soon. The expected trading date is the specified date, paving the way for more extensive shareholder participation and investment opportunities.
Impact on Share Capital
As a result of this increase, the total share capital of Bang & Olufsen is now DKK 736,632,515, divided into 147,326,503 shares, each valued at DKK 5.00. This significant expansion also reflects a total of 147,326,503 voting rights, enabling a robust governance structure moving forward.
Company's Growth Strategy
Bang & Olufsen is keen on utilizing these additional resources to enhance its product portfolio and boost its market presence. The capital from this successful share issuance is expected to be directed towards innovative strategies, further development of its renowned audio products, and possibly expanding its market reach globally.
Contact Information
For further inquiries regarding this capital increase, Cristina Rønde Hefting from the Investor Relations team is available for contact at +45 41 53 73 03. The Company encourages interested parties to reach out for more detailed information regarding shares, trading, and corporate strategy.
Frequently Asked Questions
What is the significance of the share capital increase?
The share capital increase helps Bang & Olufsen strengthen its financial base for investment in new growth opportunities and product innovation.
When will the new shares start trading?
The new shares are expected to be listed and begin trading on Nasdaq Copenhagen shortly, enhancing liquidity for investors.
What is the total number of shares after the increase?
After this capital increase, Bang & Olufsen's share capital amounts to DKK 736,632,515, divided into 147,326,503 shares.
Who can investors contact for more information?
Investors can reach out to Cristina Rønde Hefting, Investor Relations, for any inquiries regarding the capital increase and shares.
Does this capital increase affect voting rights?
Yes, following the increase, the total voting rights in Bang & Olufsen stand at 147,326,503, enabling shareholders to have a significant voice in corporate governance.
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