DFDS raised 1 billion through sale of new shares
DFDS says it has decided to issue new shares to raise capital for a part of the financing of the acquisition of U.N. Ro-Ro. This is to ensure that DFDS has continued financial flexibility following the DKK 7.1 acquisition which currently awaits approval by competition authorities.
Issuing new shares requires an extraordinary general meeting, which was held on Monday 14 May in DFDS House, with about 60 shareholders attending, including our main shareholder, Lauritzen Foundation. The Extraordinary General Meeting approved that the board can issue new shares with a market value of up to DKK 1 bn, and the same day, after the closure of the stock exchange in Copenhagen, the shares were sold to a diverse group of Danish and International investors. The demand for shares significantly exceeded the number of available shares.
On 15 May, DFDS informed the stock exchange that the Company has sold 2.63 million shares at a share price of DKK 380.