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Following the increase in share capital, the registered share capital of NKT will comprise a total of 27,126,369 shares of a nominal value of DKK20, corresponding to a total nominal share capital of DKK 542,527,380.
As a consequence the company has increased its share capital by 1,750 shares, which resulted in an increase in nominal share capital of DKK17,500.
This will be achieved by the structure of the transaction, which consists of (1) converting part of the share premium reserve into nominal share capital, (2) reducing the nominal share capital thus adjusted by redeeming to shareholders a cash amount of EUR 0.
Following this capital reduction, Ringkjobing Landbobank's nominal share capital is DKK22,350,000.
The Board of Directors also has an authorization to issue new shares up to 10% of the nominal share capital until April 22, 2004.