Carlsberg aims to provide information and opportunities for dialogue with the Company’s shareholders. This takes the form of regular publication of news, interim reports and annual reports, and General Meetings. The Company’s website is continuously updated with published information. Regular teleconferences and meetings are also arranged with professional investors.
The Board of Directors regularly assesses whether the Company’s capital structure is in the interests of the Group and its shareholders. The overall goal is to ensure a capital structure which supports long-term profitable growth. The capital structure is part of the Group’s strategy.
The Company’s Articles of Association contain no limits on ownership or voting rights. Should a bid be made to take over the Company’s shares, the Board of Directors will consider it in accordance with applicable legislation and the Carlsberg Foundation’s Charter.
Carlsberg’s share capital has been divided into two classes for many years. All shares have the same nominal value (DKK 20), but while an A-share carries 20 votes, a B-share carries two votes but is entitled to a preferential dividend. Both classes of share are listed on the OMX Copenhagen Stock Exchange, and so investors can choose which class they wish to invest in. The Board of Directors is of the opinion that the division into A-shares and B-shares, combined with the Carlsberg Foundation’s position as majority shareholder, has been and will remain advantageous for all of the Company’s shareholders, as this structure enables and supports the long-term development of the business.