Publication of request to delist Brødrene Hartmann's shares from Nasdaq Copenhagen
As resolved at Brødrene Hartmann A/S’ extraordinary general meeting held on 16 October 2023, cf. company announcement no. 19/2023, the company has today requested Nasdaq Copenhagen A/S to delist its shares from trading and official listing on Nasdaq Copenhagen A/S.
Provided that Nasdaq Copenhagen accepts the request, the delisting will be completed as soon as possible.
Pursuant to Nasdaq's Nordic Main Market Rulebook for Issuers of Shares, the delisting will be conditional upon the shareholders of Brødrene Hartmann A/S being offered the ability to dispose of their shares for a period of at least four weeks, after which the shares will be cancelled from trading and official listing.
As previously announced, if the delisting request is approved by Nasdaq Copenhagen, the company's majority shareholder, Thornico Food & Food Technology A/S (ultimately controlled by Thornico Holding A/S), has stated its intention to offer to purchase all shares of the company (except treasury shares held by Hartmann) at the price of DKK 360 per share with a nominal value of DKK 20.
The consequences of delisting from trading and official listing of Brødrene Hartmann A/S' shares from Nasdaq Copenhagen A/S are as follows:
- The opportunity for trading Hartmann's shares will be significantly reduced since the shares will no longer be listed on any trading venue. The company will not establish agreements with another trading venue for shareholders' sales or purchases of shares in the company, and there will likely be limited options for selling or buying shares, except through agreements that may be made with other investors or shareholders outside of a trading platform.
- The company will no longer be subject to disclosure obligations and other rules applicable to issuers of publicly traded securities, and the company will communicate with its shareholders solely in accordance with the Danish Companies Act.
- The shares will cease to be publicly traded, which may have negative consequences for the shareholders' tax treatment of the shares, as well as implications for ownership through share savings accounts (in Danish: "aktiesparekonti") or pension funds.
Brødrene Hartmann A/S
Henrik Marinus Pedersen Torben Rosenkrantz-Theil
Chairman of the board CEO
Contacts
- Kamilla Hoffmann, Head of Legal, Brødrene Hartmann A/S, +45 27282856, kho@hartmann-packaging.com
About Brødrene Hartmann A/S
Hartmann is the world’s leading manufacturer of moulded-fibre egg packaging and a market-leading manufacturer of fruit packaging in South America and India. The group is also the world’s largest manufacturer of technology for the production of moulded-fibre packaging. Founded in 1917, Hartmann’s market position builds on its strong technology know-how and extensive experience of sustainable moulded-fibre production dating back to 1936. Hartmann sells egg and fruit packaging to manufacturers, distributors and retail chains, which are increasingly demanding sustainable packaging solutions and specialised marketing expertise. Our versatile product portfolio is customised to accommodate customer and consumer needs in each individual market. Hartmann sells machinery and technology to manufacturers of moulded-fibre packaging in selected markets. Headquartered in Gentofte, Denmark, with a production platform consisting of 15 factories in Europe and Israel, North and South America, and India and Russia (discontinuing).