Share trading 2012
In the period 17 April 2012 to 29 May 2012, shareholders are entitled to sell B- and C-shares to COWI Invest A/S.
To acquire shares in the 2012 sales window employees have to meet three conditions:
- Be employed in Bahrain, Denmark, Lithuania, Norway, Oman, Qatar, Sweden, Canada or Tanzania.
- Not have handed in a resignation, been terminated or been laid off at the time the shares are purchased.
Employees may acquire as many of the available B shares according to a sales offer as they wish to. However, no employee can at any time hold a total number of B and C shares exceeding a fixed limit of 0.5% of the share capital issued in COWI Holding A/S.
The share price
The share price is determined by the company’s equity value which is defined by the company's net worth divided by its share capital. In 2012 this is equal to DKK 327.80 (equivalent to approx EUR 44) per DKK 100 nominal shares.
A new price is calculated every year after the annual general meeting. This price will last until the following year's annual general meeting.
Selling
Shareholders may sell the B shares each year in the annual sale period and there is no period of commitment before it is possible to sell. However, local variations can occur in some countries.
If the shareholder's employment with the COWI Group is discontinued irrespective of the reason, the shareholder is under an obligation to sell all his or her B shares to COWI Invest A/S in the first sales window to be opened after the discontinuation of the employment. However, local variations may occur.
Voluntary sale
Shareholders are entitled to sell the B shares to COWI Invest A/S. If the shareholder wants to sell B or C shares, the shareholder must notify COWI Invest A/S thereof within the annual sales period (17 April 2012) and by following the procedures to be announced on this website.
(Learn more by reading Terms of possession of B shares available under Download)
Former employees
Former employees who own C-shares can sell them by sending the form Declaration of Sale (click here to download in pdf) to:
COWI Invest A/S, Parallelvej 2, DK-2800 Kongens Lyngby, Denmark, Att.: Susan B. Larsen or by mail to SBL@COWI.dk.
Shareholders who own free B-shares but have left COWI since the sales period in 2011 do not need to do anything. They will receive an email from COWI at the end of May 2012, informing them that their shares have been bought back by COWI Invest A/S, and that the proceeds will be transferred to the account noted in the share holder register with Computershare.
