21.12.2015 - Company announcement

Stock split to enhance the liquidity of the Aarsleff share

Per Aarsleff A/S’s Board of Directors proposes to split each B share of a nominal value of DKK 20 into ten shares with a nominal value of each of DKK 2.

Today, the B shares are multiples of DKK 10, i.e. (2 x DKK 10) DKK 20, but after the stock split, they will not be multiples.

In the past couple of years, the price of a B share in Per Aarsleff A/S has increased to more than DKK 2,400 per share. The purpose of the proposed stock split is to enhance the liquidity of the share by making trading in the share easier and more accessible, particularly for private investors.

The proposed stock split will also align the share price with international and Danish share price levels.

The current share capital of DKK 45,300,000 is divided into DKK 2,700,000 A shares and 42,600,000 B shares. The DKK 42,600,000 B shares are divided on 2,130,000 shares (each with a nominal value of DKK 20). After the proposed stock split, the share capital will be unchanged, but the DKK 42,600,000 B shares will be divided on 21,300,000 shares (each with a nominal value of DKK 2).

According to the proposed stock split, the price of a B share in Per Aarsleff A/S would have been DKK 243 on 18 December 2015 compared to the actual closing price of DKK 2,430 per share of DKK 20.

The full stock split proposal of the Board of Directors will be stated in the Notice convening the Annual General Meeting in Per Aarsleff A/S which will be published on 6 January 2016.