The Company’s largest shareholder is the Carlsberg Foundation

As of 31 December 2016, the Company’s largest shareholder was the Carlsberg Foundation, holding 30% of the share capital and 75% of the votes. In addition, Massachusetts Financial Services Company (“MFS”) has informed the Company that their holding of Carlsberg shares exceed 5% of the share capital. At the end of 2016, Carlsberg had approximately 41,400 registered shareholders.

Ownership Structure


Approximate Geographical Split of

Carlsberg's Shareholder Base