At an extraordinary general meeting in DFDS A/S today
the proposals according to the agenda were
approved.
It was decided to change the denomination of the DFDS
share from the hitherto nominal DKK 200 and DKK 1000 to DKK
100.
In addition, the Board of Directors was authorized to
increase the Company’s share capital by as much as a
nominal DKK 300,000,000 through cash investment, with
preferential subscription right for the Company’s
shareholders, in the period 11 October 1999 to 1 June 2000.
The exact terms for subscription for shares, including the
subscription price, will be determined by the Board of
Directors.
The Board of Directors expects to take advantage of the
mandate in the near future, to carry out a share issue with
preferential subscription right for the Company’s
shareholders, with an expected yield in the neighborhood of
DKK 800 million. The subscription period is expected to run
from 5 to 18 November 1999.
The prospectus, with detailed information about DFDS A/S
and the complete terms for the share offering, is expected
to be made public on 25 October 1999.
No other important information was given at the
extraordinary general meeting.