In accordance with Section 10 of the Danish Statutory Order on Issuers' Disclosure Obligations, we hereby state that the Company's total share capital and total number of voting rights as of 19 May 2016 amount to:
Share capital (nominal): DKK 53,216,365
Number of voting rights: 266,081,825
As of 31 December 2016, William Demant Holding’s nominal share capital was unchanged at DKK 53,216,365 divided into 266,081,825 shares of DKK 0.20 each. All shares are the same class and carry one vote each.
The change compared to the year before is due to the reduction of the Company’s nominal share capital by DKK 1,208,870 through the cancellation of treasury shares approved at the annual general meeting on 7 April 2016. Furthermore, the annual general meeting approved a share split at a ratio of 1:5, resulting in a reduction of the nominal value per share from DKK 1.00 to DKK 0.20.
The Board of Directors has been authorised by the annual general meeting to increase the Company’s share capital by a nominal value of up to DKK 6,664,384. Furthermore, the Board of Directors has been authorised to increase the share capital by an additional nominal value of up to DKK 2,500,000 in connection with the issued shares being offered to employees. Both authorisations are valid until 1 April 2021.
William Demants og Hustru Ida Emilies Fond (the Oticon Foundation) holds the majority of shares in William Demant Holding and has previously communicated its intention to maintain an ownership interest of 55-60% of William Demant Holding’s share capital. Any sale of shares by the Foundation is independent of any purchase of shares by the Company. At 31 December 2016, the Oticon Foundation held – either directly or indirectly – approximately 59% of the shares outstanding (excluding treasury shares).
No other shareholders had flagged an ownership interest of 5% or more as of 31 December 2016.
At 31 December 2016, the Company held 6,887,399 treasury shares corresponding to 2.6% of the shares outstanding.