IC Group A/S: Agreement on sale of DK Company A/S shares

Feb 04, 2016, 16:46

Today, IC Group has sold its shareholdings (203,628,379 shares) of DK Company A/S shares to DKC Holding 2011 A/S. As payment for the shares, IC Group has received DKK 137,441,330 in cash.

The shares correspond to 10.11% of DK Company A/S’s share capital which IC Group received as part of the total purchase price for the Mid Market division divested by IC Group on 30 June 2014.

The accounting profit is expected to amount to approx. DKK 9 million which will be recognized in Q3 2015/16 under “Income from investments in associates”. This sale will have no impact on the Group’s outlook for the financial year 2015/16.

The Board of Directors expects to distribute the proceeds from the sale in connection with the expected forthcoming extraordinary dividend payment in the financial year 2015/16.

IC Group A/S
Mads Ryder
Group CEO

Please direct any questions regarding this announcement to:  
Jens Bak-Holder
Investor Relations Manager
+45 21 28 58 32

This announcement is a translation from the Danish language. In the event of any discrepancy between the Danish and English versions, the Danish version shall prevail.