E-Malt.com News article: 2370

Denmark: Carlsberg A/S, one of the world’s leading international brewers, announced on March 22 a rights issue with gross proceeds of DKK 3,423,528,000. Pursuant to Article 8 of Carlsberg’s Articles of Association, the Supervisory Board of Carlsberg resolved on 22 March 2004 to increase Carlsberg’s share capital by 15,215,680 series B shares (the “Offered Shares”) of DKK 20 nominal value. These will be offered on a preemptive basis to existing shareholders of series A shares and series B shares (the “Existing Shares”) in Carlsberg. The ratio of the Rights Issue will be 1 Offered Share for each 4 Existing Shares and a subscription price of DKK 225 per Offered Share.

The subscription period for the Offered Shares commences on Friday, 2 April 2004 and closes on Tuesday 20 April 2004. The net proceeds to the Company from the offering (after deducting estimated offering expenses) are expected to be approximately DKK 3,347 million. The Offered Shares are offered at DKK 225 per share free of brokerage.


23 March, 2004