WindowMaster International A/S to implement reverse share split of all shares at consolidation ratio 100:1
Reference is made to company announcements no. 065-2025 and no. 067-2025.
At the extraordinary general meeting of WindowMaster International A/S (the “Company”) on 13 November 2025, it was decided to consolidate the shares in the Company by amending the nominal value of the Company's shares from DKK 1.00 to DKK 100.00. Completion of the consolidation of shares will reduce the number of issued shares in the Company by consolidating 100 shares of nominal DKK 1.00 into one share of nominal DKK 100.00.
On 13 November 2025, the Company issued a notice of redemption to all shareholders, thus triggering a four-week redemption period which expired on 11 December 2025 at 23:59 (CET). During the now-expired four-week redemption period and until and including 15 December 2025, shareholders may acquire or dispose of shares in the Company’s current ISIN code, including disposing of or acquiring shares of nominally DKK 1.00 in order to hold a sufficient number of shares to match a whole number of shares of nominally DKK 100 before the consolidation of shares is completed and thereby avoid having any remaining shares redeemed.
Any shareholdings of less than 100 shares and any remaining shares after the consolidation of shares to a whole number of shares (“Remaining Shares”) will be redeemed in cash by the Company under the principles of sections 70-72 of the Danish Companies Act. Remaining Shares redeemed will be settled by cash payment by the Company following 15 December 2025, which will be the last day of trading in shares of nominally DKK 1.00 in the Company’s current ISIN (DK0061278355) on First North Growth Market Copenhagen. The payment in cash will be made into each shareholders' account as designated for the relevant share deposit, at a price of DKK 8.08 per share of nominally DKK 1 corresponding to the 20-day volume-weighted average price of the Company’s shares per closing as of 12 November 2025. Payment will take place on 18 December 2025. Any costs payable to VP Securities A/S incidental to such redemption will be paid by the Company.
The last day of trading shares of nominally DKK 1.00 in the Company’s current ISIN (DK0061278355) on First North Growth Market Copenhagen is Monday 15 December 2025. The first day of trading shares of nominally DKK 100 in the Company under the new ISIN (DK0064532444) on First North Growth Market Copenhagen is Tuesday 16 December 2025.
After completion of the consolidation of shares, all shareholders will receive an updated transcript from VP Investor Service A/S stating the new number of shares.
After the Company's redemption of Remaining Shares, such shares of nominally DKK 1.00 will be added up to form shares of nominally DKK 100.00. The shares will constitute the company's own shares and will be registered in the name of the company in the company's shareholders' register.
After completion of the consolidation of shares, all shareholders will receive an updated transcript from VP Investor Service A/S stating the new number of shares.
As announced in the notice of redemption on 13 November 2025, shareholders who disagree with the redemption price may request, until three months after the redemption date that the redemption price be determined by an expert, such expert to be appointed by the court having jurisdiction at the company’s place of domicile. After completion of the redemption, a new announcement will be published via the IT system of the Danish Business Authority, giving all shareholders whose Remaining Shares have been redeemed three months’ notice to request that the redemption price be determined by a court-appointed expert. After expiry of such three-month period, shareholders may no longer so request. The notice will also provide information about expert opinion (if any) or judgment. The expert must set the redemption price in accordance with section 67(3) of the Companies Act. If an expert is so appointed and as a result of the expert opinion under section 67(3) of the Danish Companies Act the redemption price is increased as compared to the price offered by the company, such increased price will apply also to other holders of Remaining Shareholders who did not request an expert opinion. Costs for obtaining such expert opinion shall be borne by the shareholder having requested the opinion, but the court may order the company to bear all or some of those costs if the opinion rendered leads to a redemption price higher than the price offered by the company.
In connection with implementation of the reverse share split, the Company has filed the updated articles of association changing the nominal value of the Company’s shares from DKK 1 to DKK 100 with the Danish Business Authority. The Company’s updated articles of association will be made available on the Company’s website.
The Board of Directors of WindowMaster International A/S
Contact Information
CEO, Erik Boyter
+45 4567 0300
WindowMaster International A/S
Skelstedet 13, 2950 Vedbæk
Certified Advisor
HC Andersen Capital
Bredgade 23, 2., 1260 København