Demant — AGM Information 2017

Feb 28, 2017

William Demant Holding A/S: Notice to annual general meeting

William Demant Holding A/S: Notice to annual general meeting

Company announcement no 2017-03                               28 February 2017

Notice convening the Annual General Meeting 2017

To the shareholders of William Demant Holding A/S

Notice is hereby given of the Annual General Meeting of William Demant Holding A/S to be held on:

Monday, 27 March 2017 at 4 p.m. CET

at the Company's address

Kongebakken 9, 2765 Smørum, Denmark

Agenda

In accordance with Article 8.2 of the Articles of Association, the agenda is as follows:

1. The Board of Directors' report on the Company's activities in the past year.

The Board of Directors recommends that the report be adopted.

1. Presentation for approval of the audited Annual Report 2016, including the consolidated financial statements.

The Board of Directors recommends that the Annual Report 2016 be approved.

1. Approval of remuneration for the Board of Directors for the current financial year.

The Board of Directors recommends that the proposed remuneration be approved.

1. Resolution on the appropriation of profit or payment of loss according to the approved Annual Report 2016.

The Board of Directors proposes that the profit of DKK 1,115 million be transferred to the Company's reserves to the effect that no dividend be paid.

5.       Election of members to the Board of Directors.

Under Article 11.2 of the Articles of Association, Board members elected by the AGM are elected for one-year terms. At the 2017 AGM, Peter Foss, Niels B. Christiansen, Benedikte Leroy and Lars Rasmussen stand for re-election, whereas Lars Nørby Johansen does not stand for re-election. The Board proposes that Niels Jacobsen be elected new member of the Board.

6.       Election of auditor.

The Board of Directors proposes that Deloitte Statsautoriseret Revisionspartnerselskab be re-elected.

7.       Any proposals from the Board of Directors or shareholders.

The Board of Directors has submitted the following proposals:

a)       Reduction of the Company's share capital

b)       Authorisation to the Board of Directors to let the Company acquire own shares

c)       Amendment of Article 9.2 of the Articles of Association

d)       Authority to the chairman of the AGM

8.       Any other business

Before the AGM, coffee and cake will be served from 3:00pm. Parking spaces will be reserved at the main entrance, and there will be free, regular transportation from the nearby Kildedal S-train station between 2:40pm and 3:20pm and back again after the AGM.

Please note that the entire AGM will be webcast on the Company's website, www.demant.com.

The Board of Directors

Further information:                                                           Other contacts:

Niels Jacobsen, President & CEO                                     Søren B. Andersson, VP IR

Phone +45 3917 7300                                                       Mathias Holten Møller, IR Officer

www.demant.com                                                             

Attachments:

• 2017 Notice with full proposals