DFDS — AGM Information 2015

Aug 20, 2015

Copenhagen, 2015-08-20 07:59 CEST (GLOBE NEWSWIRE) -- Announcement no. 65

To the shareholders of DFDS A/S

An extraordinary general meeting of DFDS A/S (CVR no. 14 19 47 11) will be held
on

Thursday, 17 September 2015, at 10:00am (CEST)

at Sundkrogsgade 11, DK-2100 Copenhagen

Agenda:

1.
Proposal regarding a reduction of the Company’s share capital with nominally
DKK 35,000,000 through cancellation of a part of the Company’s own shares and a
resulting amendment of section 2 of the Articles of Association.

The Board of Directors proposes that the Company’s share capital is reduced
from nominally DKK 1,265,000,000 to nominally DKK 1,230,000,000 through
cancellation of nominally DKK 35,000,000 of own shares, corresponding to
350,000 shares of nominally DKK 100. The purpose of the capital reduction is a
pay-out to the shareholders, cf. the Danish Companies Act section 188(1)(2), as
the amount of capital reduction has been paid out to shareholders as payment
for shares acquired by the Company. The capital reduction has been proposed to
ensure a balanced capital structure of the Company.

The shares were acquired by the Company during the period from 6 September 2013
until 21 April 2015 at a total price of DKK 200,028,500, corresponding to an
average price of DKK 572 per share of nominally DKK 100. The premium involved
in the capital reduction thus amounts to a total of DKK 165,028,500,
corresponding to DKK 472 per share of nominally DKK 100. The shares were
acquired partially in connection with a buy-back of own shares on 6 September
2013 from A.P. Møller-Mærsk A/S and partially as part of the Company's share
buy-back programme announced on 8 September 2014 through announcement no
65/2014, in which connection it was announced that the Company intended to
cancel the shares bought.

An adoption of the proposed capital reduction will result in an amendment of
the total share capital of section 2 of the Articles of Association from “DKK
1,265,000,000” to “DKK 1,230,000,000”.

The capital reduction will be announced in the Danish Business Authority’s IT
system, and creditors are advised to notify their claims to the Company within
the time-limit of 4 weeks, cf. the Danish Companies Act section 192(1). The
capital reduction is expected to be implemented after the expiry of the
deadline for notifying claims to the Company.

2.
Proposal regarding distribution of an extraordinary dividend of DKK 9 per share
of nominally DKK 100

The Board of Directors proposes that the general meeting approves to distribute
a total extraordinary dividend of DKK 9 per share of nominally DKK 100.

The proposal is put forward as part of the Company’s amended distribution
policy as per announcement no 63/2015 according to which the Board of Directors
will seek to distribute dividends twice a year. The Board of Directors expects
to propose at the annual general meeting 2016 that the Board of Directors be
authorised to distribute an extraordinary dividend.

3.
Proposal regarding a change of the nominal value of the shares from DKK 100 to
DKK 20

The Board of Directors proposes that the value per share is changed from DKK
100 to DKK 20. If the proposal is adopted the share will be split in the ratio
of 1:5 so that each share of nominally DKK 100 is replaced by 5 new shares of
nominally DKK 20.

An adoption of the proposal will result in an amendment of section 2 of the
Articles of Association as follows:

“The Company’s share capital is DKK 1,265,000,000 divided into shares of DKK
20. The share capital is fully paid up”.

In addition, it is proposed that the right to vote on the Company’s shares is
changed so that each share amount of DKK 20 carries one vote. An adoption of
the proposal will result in an amendment of section 6.1 of the Articles of
Association as follows:

“Each share amount of DKK 20 carries one vote”.

4.
Authorisation to the Chairman of the meeting

The Board of Directors proposes that the general meeting authorises the
Chairman of the meeting with a right of substitution to make the required
filings of the resolution adopted at the general meeting and to make such
amendments thereto as may be required to achieve their registration with or
procure the approval by the Danish Business Authority or other relevant
authorities.

Interdependence between certain items on the agenda

If the proposal for a share split under item 3 of the agenda is adopted and is
registered before the capital reduction has taken place, there will be a
cancellation of 1,750,000 shares of nominally DKK 20 and the premium will
amount to DKK 94 per share of nominally DKK 20.

If the proposal for a share split under item 3 of the agenda is adopted and is
registered after registration of the capital reduction has taken place, section
2 of the Articles of Association will be amended as follows:

”The Company’s share capital is DKK 1,230,000,000 divided into shares of DKK
20. The share capital is fully paid up”.

Majority requirements, share capital, record date, participation and voting
rights

With respect to item 1 and 3 of the agenda, resolution requires the approval by
at least 2/3 of the votes cast as well as 2/3 of the share capital represented
at the general meeting. Item 2 and 4 of the agenda may be adopted by a simple
majority of votes.

The share capital of the Company is DKK 1,265,000,000 divided into 12,650,000
shares of DKK 100 each.

Each share of DKK 100 carries one vote.

The record date is Thursday, 10 September 2015.

Shareholders holding shares in the Company on the record date are entitled to
participate in and vote at the general meeting. Access to the general meeting
is furthermore conditional on the shareholder having obtained an admission card
in due time as described below.

Requesting admission cards

Access to the general meeting is conditional on the shareholder having
requested an admission card no later than Friday, 11 September 2015. Admission
cards should be requested from VP Investor Services A/S by phone +45 43 58 88
93, by fax +45 43 58 88 67, through VP Investor Services’ website,
http://www.vp.dk/agm or through the Company’s website www.dfdsgroup.com

Proxy

A proxy must be received by VP Investor Services no later than Friday, 11
September 2015 either through VP Investor Services’ website, www.vp.dk/agm, or
through www.dfdsgroup.com. Furthermore, a proxy form may be downloaded from
www.dfdsgroup.com, printed and sent by fax to +45 43 58 88 67, by email to
vpinvestor@vp.dk or by ordinary mail to VP Investor Services, Weidekampsgade
14, DK-2300 Copenhagen.

Voting by correspondence

Votes by correspondence must be received by VP Investor Services no later than
Wednesday, 16 September 2015 at 12:00 pm (CEST) either through VP Investor
Services’ website, www.vp.dk/agm, or through www.dfdsgroup.com. The form to be
used for voting by correspondence may be downloaded from www.dfdsgroup.com,
printed and sent by fax to

+45 43 58 88 67, or by email to vpinvestor@vp.dk or by ordinary mail to VP
Investor Services, Weidekampsgade 14, DK-2300 Copenhagen.

Shareholder information

The following information is available on the Company’s website,
www.dfdsgroup.com:

• Notice to convene the general meeting including the agenda and complete
  proposals

• The documents to be presented at the general meeting, comprising (i) the
  Annual Report for 2014, (ii) the Interim Report for H1 2015 (iii) the Board of
  Directors statement, cf. the Danish Companies Act section 156, and (iv) a
  declaration by the auditors of the Company on the statement by the Board of
  Directors, cf. the Danish Companies Act section 156

• Registration form

• Forms to be used for voting by proxy or by correspondence

• The aggregate number of shares and voting rights at the date of the notice to
  convene the general meeting

Shareholders may ask questions in writing to the Company regarding the agenda
and/or the documents mentioned above.

Practicalities

The doors of the general meeting at DFDS A/S, Sundkrogsgade 11, DK-2100
Copenhagen, open at 09:45 am (CEST).

Copenhagen, 19 August 2015

The Board of Directors

     Contact
     Niels Smedegaard, CEO
     +45 33 42 34 00

     Torben Carlsen, CFO
     +45 33 42 32 01

     Søren Brøndholt Nielsen, IR
     +45 33 42 33 59