Notification of Annual General Meeting at Glunz & Jensen
Attention to Nasdaq OMX Copenhagen A/S
This is a noteworthy announcement regarding the upcoming annual general meeting for Glunz & Jensen Holding A/S, which will take place soon.
Significant Developments in Profitability
Recent years have been quite encouraging for Selandia Park A/S, a fully owned subsidiary of Glunz & Jensen Holding A/S. The approximately 17,000 m² rental property is nearly 100% leased out to long-term tenants, which opens doors to strategic possibilities for the company.
Proposal for the Annual General Meeting
At the forthcoming annual general meeting, scheduled for April 9, the Board of Directors will propose a critical motion. They are seeking approval for a mandate to embark on a formal review process. This will include assessing market conditions, identifying potential buyers, and outlining the optimal strategy for a sale.
Strategic Initiatives for Selandia Park A/S
The proposed strategies for managing Selandia Park A/S involve two primary options:
- Initiating the sale of Selandia Park A/S.
- Alternatively, selling specific assets primarily linked to Selandia Park A/S.
This anticipated process will take roughly 12-18 months, highly influenced by market dynamics and the negotiation stages with potential buyers.
Financial Market Considerations
The Board of Directors emphasizes that there are no assumptions or expectations regarding how this announcement or the potential sale might impact the share prices of Glunz & Jensen Holding A/S. Their primary aim is to ensure proper governance through this significant transition period.
Contact Information for Further Inquiries
For any further queries regarding this announcement, please reach out to:
CEO Henrik Blegvad Funk at +45 21 39 05 32
Chairman of the Board Flemming Nyenstad Enevoldsen at +45 40 43 13 03
Frequently Asked Questions
What is the main focus of the annual general meeting?
The meeting focuses on evaluating the proposal regarding the potential sale of Selandia Park A/S and discussing profitability developments.
How has Selandia Park A/S performed recently?
Selandia Park A/S has demonstrated significant profitability and is nearly fully leased out, indicating robust financial health.
What options are being considered for Selandia Park A/S?
Two main options are under consideration: a full sale of Selandia Park A/S or the sale of specific assets associated with the subsidiary.
How long will the selling process take?
The estimated timeline for the selling process is between 12 to 18 months, depending on market conditions.
Who should I contact for more details?
You can contact CEO Henrik Blegvad Funk or Chairman Flemming Nyenstad Enevoldsen for further information.
