Penneo

Dividend Policy

The Company’s dividend policy is described in the Future dividends section. Dividends not claimed by shareholders will be forfeited in favor of the Company, normal after three years, under the general rules of Danish law on statute of limitations.

Future Dividends

The Company’s ability to pay dividends will depend, among other things, on its financial condition, working capital requirements, and the availability of distributable profits and reserve and cash available, and other factors as the Board of Directors may deem relevant. The Company has no intention to pay dividends in the coming years. The Company is in a growth phase and intends to reinvest any profit in activities to continue the growth. Dividends are decided by the Annual General Meeting following a proposal from the Board of Directors.

Dividend Restrictions

The Company has signed a dividend limitation agreement meaning that the Company cannot propose a resolution to pay dividends without the consent from Vækstfonden.

Share capital

  • The nominal share capital of the company is DKK 660,139.76. The share capital is not divided into share classes.
  • The nominal share capital is divided into shares of DKK 0.02 or multiples thereof.
  • The share capital has been paid up in full.
  • The shares shall be registered by name in the company’s register of shareholders. The register of shareholders is kept by VP Securities A/S, CVR-no. 21 59 93 36.
  • The shares are negotiable instruments. There are no restrictions on the negotiability of the shares.
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