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Capital At 31 December 2009, the Company’s authorised capital was nominally DKK 58,956,257 divided into as many shares of DKK 1. All shares have the same rights and are not divided into classes.
William Demants og Hustru Ida Emilies Fond (the Oticon Foundation) has notified the Company that it holds 55-60% of the share capital. At 31 December 2009, the Company’s holding of treasury shares was 606,382. No stock options or warrants have been issued. At the annual general meeting on 7 April 2010, it was proposed to reduce the Company’s share capital by nominally DKK 606,382 corresponding to the Company’s holding of own shares. After expiry of the deadline stipulated in section 192 of the Danish Companies Act (three months), the Company’s share capital is DKK 58,349,875, divided into as many shares of DKK 1.
Dividend At the annual general meeting held on 7 April 2010, it was decided that all profits for the 2009 financial year be retained. In the Company’s opinion, the buyback of shares provides the basis for a more dynamic planning of dividend policies. However, in autumn 2008, the Company decided to temporarily suspend the buyback programme in the light of the global financial crisis and our wish to always have at our disposal considerable financial resources for any further expansion, which has, if viewed in isolation, limited growth in the Group's financial expenses.
Insider register In accordance with the Danish Securities Trading Act, the Company is obliged to establish and maintain an insider register. The insider register includes a significant number of persons, who might, as a consequence of their attachment to the Company, have internal knowledge of the Group’s affairs - knowledge which could be of importance on trading in the Company’s shares. Persons entered in the insider register can only buy or sell the Company’s shares for a limited period after the Company’s reporting to NASDAQ OMX Copenhagen. Such persons are also obliged to inform the Company of any purchase or sale of the Company’s shares. The total number of shares held by members of the Board of Directors, by the Executive Board and by employees constitutes approx. 2% of the share capital. About three fourths of the Group's around 5,700 employees are thus shareholders in the Company.
Trends in share prices - William Demant Holding The William Demant Holding share is listed on NASDAQ OMX Copenhagen and included in the OMXC20, which is composed of the 20 most traded shares at the Danish stock exchange
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