Notice of Annual General Meeting 2026
COMPANY ANNOUNCEMENT
Odense, April 15, 2026
Company Announcement no. 83 – April 15, 2026
Notice of Annual General Meeting 2026
Danish Aerospace Company A/S
Company registration (CVR) no.: 12 42 42 48
The Board of Directors is pleased to announce that the Annual General Meeting for Danish Aerospace Company A/S, company registration (CVR) no. 12 42 42 48 (the “Company”) will be held on Thursday, April 30, 2026, at 16:00. The Annual General Meeting will be held at Gorrissen Federspiel Advokatpartnerselskab, Axeltorv 2, DK-1609 Copenhagen V. Doors will open for registration of attendance at 15:30. There will not be catering at the Annual General Meeting.
In accordance with Article 3.9 of the Company’s Articles of Association, the agenda will be as follows:
- The Board of Directors’ report on the Company’s activities in the past financial year
- Presentation and adoption of the Annual Report
- Distribution of profit or covering of loss according to the adopted Annual Report
- Resolution to grant discharge of liability to the Board of Directors and the Executive Management
- Approval of the remuneration of the Board of Directors for the current financial year
- Election of members of the Board of Directors
- Election of auditor
- Authorisation to acquire treasury shares
- Proposals from the Board of Directors or shareholders
a. Proposal to amend the Company’s name and new secondary name
b. Proposal to amend the objects of the Company
c. Proposal to amend the Articles of Association with a new authorisation to the Board of Directors to increase the share capital without pre-emptive rights for the existing shareholders at market price
d. Proposal to amend the Articles of Association with a new authorisation to the Board of Directors to increase the share capital with pre-emptive rights for the existing shareholders at a price, which may be below market price
e. Proposal to amend the Articles of Association with a new authorisation to the Board of Directors to increase the share capital without pre-emptive rights for the existing shareholders in connection with a share issuance to the Company’s Executive Management and/or employees
f. Proposal to amend the Articles of Association with a new authorisation to the Board of Directors to issue warrants to the Company’s Board of Directors, Executive Management and/or employees
g. Proposal to delete the current Article 2A.1.1 and 2B.1 of the Articles of Association due to the authorisation to increase the share capital having expired and been fully exercised
h. Proposal to delete the current Article 2B.2.1 and 2B.2.2 of the Articles of Association and Appendix 1 and 2 of the Articles of Association regarding terms of previous warrant issuances
- Any other business
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Election of members of the Board of Directors
The Board of Directors proposes to re-elect Niels Heering and James V. Zimmerman as members of the Board of Directors for a one-year period.
The Board of Directors further proposes to elect Steen Michael Lynenskjold and Tim Sloth Jørgensen as new members of the Board of Directors for a one-year period. Steen Michael Lynenskjold and Tim Sloth Jørgensen both have extensive experience in senior positions from defence companies and the Danish Defence, respectively.
Søren Bjørn Hansen, Deputy Chairman of the Board of Directors, has been a member of the Board of Directors since 2012 and has decided not to stand for re-election at the Annual General Meeting to give room for new profiles on the Company’s Board of Directors to support the Company’s strategic goals, and so he can focus on his other managerial responsibilities.
Background for the proposals
As a result of the Company’s increased strategic focus on development of equipment for defence and security activities, the Board of Directors proposes to change the Company’s name to Danish Aerospace and Defence Company A/S and to expand the objects of the Company to expressly comprise activities within this area.
To retain flexibility for the Company to execute on its business plan and growth strategy, the Board of Directors proposes to adopt new authorisations to the Board of Directors to increase the Company’s share capital with and without pre-emptive rights for existing shareholders.
In advance of the Annual General Meeting, the Company expects to complete a rights issue using the existing authorisation to the Board of Directors (the “Rights Issue”), which will raise gross proceeds of DKK 24.7 million through the exercise of a significant portion of the current authorisation to issue 8,237,154 new shares of nominally DKK 0.10. Reference is made to company announcement no. 81 dated April 14, 2026.
Accordingly, the Company’s Board of Directors wishes to retain flexibility to increase the Company’s share capital should the need arise, or should market conditions be favourable, following completion of the Rights Issue.
To enable a competitive incentive structure, the Board of Directors further proposes to adopt new authorisations to the Board of Directors to increase the Company’s share capital in connection with share issuances to the Company’s Executive Management and/or employees, and to issue warrants (and in that connection increase the Company’s share capital) to the Company’s Board of Directors, Executive Management and/or employees.
Finally, the Board of Directors proposes that the Articles of Association are updated by deleting expired and exercised authorisations together with appendices containing the terms and conditions of previous warrant programmes and that the numbering of the Articles of Association is adjusted accordingly.
A shareholder who wishes to attend the general meeting must notify the Company of her/his attendance no later than Friday, April 24, 2026, at 23:59.
Please refer to the attached notice convening the Annual General Meeting for further information.
Please contact the following for further information:
Danish Aerospace Company A/S
Niels Heering, Chairman of the Board
Tel.: +45 40 17 75 31
Thomas A.E. Andersen, CEO
Tel.: +45 40 29 41 62
Email: ta@danishaerospace.com
Certified Adviser
HC Andersen Capital
Tel.: +45 30 93 18 87
Email: ca@hcandersencapital.dk
Bredgade 23B, 2nd Floor
1260 Copenhagen K
Information about the Company
The Company develops and manufactures exercise equipment, biomedical health monitoring equipment, and water filtration equipment for manned spaceflight, which can also be used by the military and in other extreme environments. For example, the Company has developed six generations of pulmonary physiological equipment for manned spaceflight, as well as several generations of ergometers and a new combined training device to help astronauts maintain their physical fitness.
The equipment is also particularly relevant for situations on the ground where training and health monitoring are required, and in certain cases essential for survival under extreme and particularly demanding conditions. The Company is able to deliver highly reliable equipment thanks to its current staff of over 22 highly skilled employees specialising in fields such as electronics, mechanics, and software programming, and has specialised in customer-specific design, development, and manufacturing of advanced equipment.
With more than 35 years of experience, exclusive rights to certain key technologies for use in the space industry, as well as non-exclusive rights for use in the defence sector, and four patents on the technology in one of the Company’s new E4D products, as well as recognised reference customers and a solid track record from many years of collaboration with the international space agencies NASA and ESA, it is the Management’s assessment that the Company holds a unique position in the growing market for advanced biomedical equipment, both in the aerospace industry and in other extreme environments. The Company intends to leverage this positioning to expand its customer portfolio to include commercial customers within the aerospace industry, as well as the defence sector and other industries operating in extreme environments.
This is a translation of the corresponding company announcement in Danish. In case of discrepancies between the Danish wording and the English translation, the Danish wording prevails.