As of 31 May 2018, the Company's total share capital and total number of voting rights amount to:
Share capital (nominal): DKK 50,473,595
Number of voting rights: 252,367,975
William Demant Holding’s nominal share capital is divided into 252,367,975 shares of DKK 0.20 each. All shares are the same class and carry one vote each.
The reduction in the Company’s nominal share capital by DKK 1,319,660 compared to the end of 2017 is due to the cancellation of 6,598,300 treasury shares of DKK 0.20 as approved at the annual general meeting on 22 March 2018.
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 2017, the Oticon Foundation held – either directly or indirectly – approximately 55% of the shares outstanding (excluding treasury shares).
In addition to the Oticon Foundation's shareholding, the following shareholder has flagged an ownership interest of 5% or more:
- Canada Pension Plan Investment Board: Ownership of 20,352,691 shares or 7.86% as per company announcement no 2017-08 dated 27 July 2017
At 31 December 2017 (prior to the cancellation of shares as described above), the Company held 6,145,131 treasury shares corresponding to 2.4% of the shares outstanding.
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.