Significant New Share Offering by DSV A/S Bolsters Financial Growth

DSV A/S Completes Major Share Offering

DSV A/S has recently finalized a substantial equity offering, which has not only enhanced its financial capability but also positioned the company for future growth. By issuing 26,444,523 new shares, DSV raised gross proceeds of DKK 37.3 billion, which is approximately EUR 5 billion. This offering is a part of DSV’s strategic financial planning aimed at partially funding its anticipated acquisition of Schenker AG from Deutsche Bahn.

Details of the Offering

The equity offering was executed through an accelerated bookbuilding process, a preferred method among institutional investors due to its efficiency. The offer price of DKK 1,410.50 per share indicates strong demand and confidence in DSV’s growth trajectory. This capital increase, aimed at expanding DSV's operations, reflects the company’s proactive approach to maximizing shareholder value.

Anticipated Use of Funds

The funds raised from this offering will be integral in bridging the financing gap for the acquisition of Schenker AG, a significant player in the logistics and transportation sector. This move is expected to bolster DSV’s capabilities, enhance its global positioning, and ultimately generate greater revenues.

Market Reactions and Commitments

The offering attracted cornerstone commitments totaling DKK 21 billion, underscoring the market's confidence in DSV. Notable investors included funds managed by BlackRock Inc., as well as contributions from Canada Pension Plan Investment Board and Capital Group. The collective backing from these major financial entities highlights DSV's potential for robust performance in the logistics sector.

Lock-Up Commitments

In alignment with standard procedures in such offerings, DSV has implemented a lock-up agreement for a duration of 180 days post-settlement. This commitment involves both the executive management and board members of DSV, assuring investors of stability during this critical period.

Capital Increase and Share Distribution

Upon successful registration with the Danish Business Authority, DSV’s share capital will increase to 240,444,523 shares with a nominal value of DKK 1.00 each. The new shares represent about 12.4% of the total share capital before the increase and will comprise approximately 11.0% afterward. This strategic increase solidifies DSV's commitment to maintain a healthy and competitive financial standing in the logistics industry.

Trading and Listing Information

Following the successful registration and capital increase, the new shares will be listed on Nasdaq Copenhagen under the existing ISIN code, DK0060079531. Trading is anticipated to commence shortly after the necessary approvals, instilling further investor confidence and facilitating a smooth transition for new shareholders.

Future Prospects for DSV A/S

Moving forward, DSV A/S remains optimistic about its strategic initiatives aimed at expanding its market reach and enhancing operational capabilities. The successful completion of this share offering marks a pivotal moment for the firm, indicating strong market support and setting the stage for future growth opportunities.

Contact Information

For further information, investors can reach out to Investor Relations:

Stig Frederiksen, tel. +45 43 20 36 38, email: stig.frederiksen@dsv.com
Alexander Plenborg, tel. +45 43 20 33 73, email: alexander.plenborg@dsv.com

For media inquiries, please contact Jonatan Rying Larsen at +45 25 41 77 37, email: press@dsv.com.

Frequently Asked Questions

What was the objective of DSV's recent equity offering?

The primary objective was to raise funds for the acquisition of Schenker AG, enhancing DSV's operational capabilities and market presence.

How much capital did DSV raise through this offering?

DSV raised a total of DKK 37.3 billion, which is approximately EUR 5 billion through the issuance of new shares.

Who were the cornerstone investors in this offering?

Key cornerstone investors included BlackRock Inc., Canada Pension Plan Investment Board, and Capital Group, among others, showcasing strong market confidence.

What are the implications of the lock-up commitments?

The lock-up commitments ensure stability in share price and investor confidence by preventing executives and board members from selling their shares for 180 days after the offering's settlement.

When will the new shares be listed for trading?

The new shares are expected to be listed on Nasdaq Copenhagen shortly after the necessary registrations are completed, enhancing investor access.

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