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Company Announcement No. 1137
Completion of equity offering and directed issue of new shares raising gross proceeds of DKK 37.3 billion (approx. EUR 5 billion).
Today 4 October 2024, the offering (the “Offering”) of 26,444,523 new shares (the “New Shares”) in DSV A/S (“DSV”) has been successfully completed through an accelerated bookbuilding process. The New Shares will be issued as a result of DSV’s Board of Directors exercising the authorisation in Article 4a1 of DSV’s Articles of Association according to which the Board of Directors is authorised to make share capital increases up to nominally DKK 48,000,000. Please refer to company announcement no. 1136 of 3 October 2024.
The offer price is DKK 1,410.50 per share, raising gross proceeds to DSV of DKK 37.3 billion (approximately EUR 5 billion).
The Offering has not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and was made pursuant to applicable exemptions from the obligation to publish a prospectus in Denmark as well as exemptions from the U.S. Securities Act and the securities laws of other applicable jurisdictions. The Offering was made to institutional investors in Denmark and internationally at market price and without pre-emption rights to DSV’s existing shareholders.
As part of the Offering, the Company allocated cornerstone commitments in respect of DKK 21 billion in aggregate, including USD 1.1 billion from funds and accounts under management by direct and indirect investment management subsidiaries of BlackRock Inc., ~EUR 600 million from Canada Pension Plan Investment Board (CPP Investments), ~USD 700 million from funds and
