16.10.2023 15:25:39 CEST | Brødrene Hartmann A/S | Decisions of general meeting

Brødrene Hartmann A/S has today held an extraordinary general meeting which was convened upon request from the majority shareholder, Thornico, that had proposed a delisting of the company’s shares from trading and official listing on Nasdaq Copenhagen.

The proposal was approved with the sufficient majority of a minimum of 90% of the votes cast and of the represented share capital at the extraordinary general meeting. Voting results will be available at Hartmann’s website as soon as possible. 

The approval of the proposal thus meets the requirements pursuant to Nasdaq's Nordic Main Market Rulebook for Issuers of Shares, Supplement A, Part E, for Nasdaq Copenhagen to accommodate a request for delisting of a company. The requirements are

1. The proposal is approved by a valid general meeting resolution with a minimum of 90% of the votes cast and of the represented share capital;
2. The notice of the general meeting with the delisting proposal provides a description of the consequences of delisting for shareholders; and
3. The company shall ensure that the shareholders are offered the ability to dispose of their shares for a period of at least four weeks after Nasdaq Copenhagen has approved the company's request for removal from trading and official listing.

The board of directors will now initiate the process of delisting the company.

As previously announced, if the delisting request is approved by Nasdaq Copenhagen, the company's majority shareholder, Thornico, has stated its intention to offer to purchase all shares of the company (except treasury shares held by Hartmann) at the price of DKK 360 per share with a nominal value of DKK 20.

Brødrene Hartmann A/S

Henrik Marinus Pedersen                                    Torben Rosenkrantz-Theil            
Chairman of the board                                        CEO

Contacts

• Kamilla Hoffmann, Head of Legal, Brødrene Hartmann A/S, +45 27282856, kho@hartmann-packaging.com

About Brødrene Hartmann A/S

Hartmann is the world’s leading manufacturer of moulded-fibre egg packaging and a market-leading manufacturer of fruit packaging in South America and India. The group is also the world’s largest manufacturer of technology for the production of moulded-fibre packaging. Founded in 1917, Hartmann’s market position builds on its strong technology know-how and extensive experience of sustainable moulded-fibre production dating back to 1936. Hartmann sells egg and fruit packaging to manufacturers, distributors and retail chains, which are increasingly demanding sustainable packaging solutions and specialised marketing expertise. Our versatile product portfolio is customised to accommodate customer and consumer needs in each individual market. Hartmann sells machinery and technology to manufacturers of moulded-fibre packaging in selected markets. Headquartered in Gentofte, Denmark, with a production platform consisting of 15 factories in Europe and Israel, North and South America, and India and Russia (discontinuing).

Attachments

• Course of EGM Oct. 2023.pdf